The dispersion of total assets of euro area bank branches and subsidiaries across euro area countries illustrates the point [see slide 7]. The horizontal line within the pillars shows the median share of assets for both types of establishments.
Whereas the median share of assets of foreign subsidiaries increased to 14.4% last year, the median share of assets of foreign branches slightly decreased, reaching 2.0%. III. Special features  The second chapter of the report contains four “Special Features”. These are in-depth assessments of policy issues relating to financial integration that are of particular relevance to the Eurosystem’s tasks [see slide 8].