Furthermore, our interest in market integration also stems, of course, from our statutory duty to promote the efficiency and soundness of payment systems, as well as our responsibility to contribute to the maintenance of financial stability. Lastly, but in my view most importantly, a well-functioning single market for financial services will benefit economic development within the EU. 2.
What type of financial integration and how (and by whom) can financial integration be furthered? Stating why we want integration gives us a huge clue as to what type of integration we want. Integration must be assessed first and foremost through the benefits effectively generated for users of these markets.