The Eurosystem’s contribution to the fostering of European financial integration We generally distinguish four types of activity. First, we contribute to financial integration by providing central banking services that also foster European financial integration. Second, we can act as a catalyst for private-sector activities by facilitating collective action and assisting with possible coordination problems.
Third, we give advice on shaping the legislative and regulatory framework for the financial system. And fourth, we try to enhance knowledge and raise awareness of the state of and need for European financial integration, and we measure the progress made torwards its achievement. I will examine all these four kinds of activity. I will start with the one I mentioned last, i.e.