Today, the EU 27’s overall potential is spread over various locations and has not yet had a cumulative impact. Physical distance has – up to now – prevented EU financial centres from being globally competitive. However, geographical proximity is becoming less important for a financial centre – provided we harness the new technological potential.
Digitalisation opens up a totally new perspective for the EU 27’s financial centres: to pool their potential and cooperate as a single digital financial centre – not as a replica of old systems, but as a highly innovative technical project.