European financial integration, in which the ECB has such a strong interest, is indeed one area where academics and practitioners could usefully benefit from closer cooperation. Thank you for your attention. 10  The statistics underlying the financial integration indicators can be accessed on the ECB’s website at http://www.ecb.int/stats/finint/html/index.en.html. The indicators will be updated semi-annually.
This is because the failure of one issuer could result in a loss of confidence in other issuers and in the payments system more generally.