In this report, we summarise our monitoring and assessment of the stability of the euro area financial system. So, to conclude on the process of financial integration, it is generally agreed that deepening financial integration is beneficial on the whole.
Given the overall economic benefits, as well as the additional reasons specific to the euro area, the ECB and the Eurosystem as a whole support and complement the private actors’ and public authorities’ actions in the process of financial integration, and I will give you a number of specific examples in this respect.