Financial Integration in Europe. April 2009

The European Central Bank (ECB) published the third issue of its report entitled 'Financial Integration in Europe', April 2009. The main purpose of this annual publication is to contribute to advancing European financial integration. In addition, the report aims to raise the public’s awareness of the Eurosystem’s role in supporting this European Union objective.

In its third Report on Financial Integration in Europe published in April 2009, the European Central Bank (ECB) signals that there is a risk that the financial integration process in Europe will slow down as a result of the financial and economic crisis. This year’s report focuses on the impact of the financial crisis on the financial integration process. It notes that while significant progress in European financial integration has been made over a longer period of time, signs of retrenchment within national borders have recently emerged in certain financial market segments.