At the same time, there are many other factors at work in driving the dynamics of European integration on all three fronts and it is important to bear in mind the interactions between SBBS and these myriad other influences.
As discussions on the nature and extent of European integration continue to unfold in the coming months, the taskforce report may be helpful in providing guidance on the potential role of SBBS in the broader design of the European monetary and financial architecture. 3/4  BIS central bankers' speeches  Diversity Let me turn to my third topic: diversity in the financial services industry.