The same applies to other segments of the financial system, such as the corporate bond market, which have considerably matured since the introduction of the euro. This faith in markets brings me on to the issue that I wanted to raise with you this evening: the need for further - and complete - integration of the European Union's financial markets.
As overseers of FMIs, we need to ensure that each of the nodes in this network is operationally resilient and in a position to provide the services that are important to the system as a whole.