Let me elaborate on these two challenges, starting with how to ensure effective and efficient supervision of cross-border financial institutions in Europe. Ensuring effective and efficient supervision in Europe The internationalization of financial services in Europe is steadily progressing, even though some degree of national segmentation remains.
Having said this, it is a fact that both the number and the value of cross-border mergers and acquisitions is rising and, as mentioned, will continue further; at least there is absolutely no reason to assume that the rise in cross-border mergers and acquisitions will abate any time soon.