Conclusion  To conclude, I have highlighted that given the ever changing global, regional and domestic economic and financial environment, the complexity of the financial system, products, transactions and structures, the complexity of demands by consumers and membership of CUs, there is now a common trend for increased regulation and supervision.
However, unlike Denmark and the United Kingdom, the ten new Member States have not asked to opt out of the single currency. Thus, they will adopt the euro once they have fulfilled the requirements as laid down in the Treaty establishing the European Community. This entails that, on their road to the euro, they will, at some point, join the Exchange Rate Mechanism II.