Given the economic benefits that result from financial integration, but also given its implications for and interaction with financial stability, it is of the utmost importance that we monitor the process of financial integration closely and understand what is happening. And this is what the ECB does.
4  Such an approach would also help offset the incentives for financial firms to become too big to fail. BIS Review 28/2009  3  Strengthening the financial infrastructure The first element of my proposed reform agenda covers systemically important institutions considered individually.