With respect to markets and institutions the following have been created over the last few years: •  An Inter Bank Market for liquid funds between the commercial banks in the Currency Union;  •  A Regional Government Securities Market for Treasury Bills and Bonds;  •  A Regional Market for Equities;  •  A Secondary Market for Home Mortgages.
EDIS would provide uniform confidence in deposits across Europe which would be beneficial for all European economies, as no single banking system is immune to a potential bank default. EDIS would therefore further underpin EMU by ensuring that a € deposit is just as safe, and just as valuable, wherever you are in the euro area.