Financial integration in Europe
The ECB’s annual report on financial integration in Europe contributes to the advancement of the European financial integration process by analysing its development and the related policies. For the ECB, the market for a given set of financial instruments and/or services is fully integrated if all potential market participants with the same relevant characteristics: (1) face a single set of rules when they decide to deal with those financial instruments and/or services; (2) have equal access to the above-mentioned set of financial instruments and/or services; and (3) are treated equally when... they are active in the market. The report also discusses aspects of the “quality” of financial integration, such as whether it is delivering the desired economic benefits and is resilient.
- Corporate author(s): European Central Bank Themes: Economic policy — Economic and monetary union, Monetary policy
- Subject: euro area, European Monetary System, monetary policy, single market, single monetary policy