In addition, larger integration into the international financial system may contribute to the efficient functioning of the entire economy by providing additional financing at a reasonable cost to domestic agents, by facilitating the transfer of technology from abroad and by stimulating the performance of the domestic financial sector. However, financial globalisation may also entail some risks.
[11] Users from other European countries should also be able to identify themselves electronically. This is very much the case when it comes to services that are required for cross-border mobility. To give an example, imagine that someone from Berlin wanted to work in Paris. They would have to register their new residence there and perhaps also have their German qualifications recognised.