ECB sees worst-hit sectors make fast repairs

Report from an ECB / European Commission Conference 'Financial integration and stability: the legacy of the crisis', Frankfurt, 12 April 2010. The conference provided an opportunity for a number of top-level financial market participants, policy-makers and academics to discuss the implications of the financial crisis for the integration and stability of European and international financial markets.

On the same day the ECB published its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets. Following the financial crisis, signs of retrenchment had become evident in several market segments. But as market conditions gradually returned to normal during 2009 and especially 2010, the markets that suffered most from the crisis also began to move back to pre-crisis integration levels. However, since the functionality of European financial markets has not yet been fully restored, vigilance and the ECB’s active presence in the market are still essential.

ECB: Speech: Jean-Claude Trichet: Introductory remarks at the conference on "Financial integration and stability: the legacy of the crisis, 12 April 2010 http://www.ecb.int/press/key/date/2010/html/sp100412.en.html

ECB: Speech: Speech: Lucas Papademos: Financial integration, development and stability: Lessons from the crisis, 12 April 2010 http://www.ecb.int/press/key/date/2010/html/sp100412_1.en.html

ECB: Press Release, 12.4.10: ECB signals a gradual recovery of the European financial integration process http://www.ecb.int/press/pr/date/2010/html/pr100412.en.html

ECB: Financial integration in Europe, April 2010 http://www.ecb.int/pub/pdf/other/financialintegrationineurope201004en.pdf

---