Biannual Report on Financial Integration by European Central Bank

When we talk about euro area financial integration, we mean the extent to which financial services are available under the same rules and conditions in all countries that use the euro.

In a well-integrated financial system, assets with the same risk-return characteristics cost the same, irrespective of the country in which they are traded. Financial integration therefore contributes to the uniform transmission of the European Central Bank’s (ECB) monetary policy across the euro area.

Download the Report