The fourth major activity concerns the research we conduct on all aspects of European financial integration and our monitoring – in collaboration with the European Commission – of the financial integration process by means of quantitative and qualitative indicators. Through this, it is our aim to raise awareness of the need for financial integration and the means by which it can be achieved.
2  BIS Review 39/2005  This leads me to give a brief overview of the state of integration in the European financial markets. Generally speaking, the degree of integration differs quite significantly between the market segments, and it is greater the nearer the respective financial market segment is to the single monetary policy.