This is actually the topic I would like to address today: European financial integration. I have organised my remarks along the following main lines. I will first explain the Eurosystem’s interest in European financial integration. Then I will mention different kinds of activity conducted by the Eurosystem that contribute to enhancing European financial integration.
I will today focus on a particular financial market, namely the money market, and on a particular kind of Eurosystem activity, namely our possible role to act as a catalyst for private-sector activities to foster the integration of European financial markets. Such initiatives involve close collaboration with market participants, among them the ACI and the Euribor ACI. 2.