The purpose of the FSAP was to complete by  BIS Review 76/2005  1  2005 the legal framework enabling the effective exercise of market freedoms in financial services throughout the European Union. •  The Lisbon Agenda, launched in 2000, gave further stimulus to the integration process by enhancing structural reforms in order to increase competitiveness.
What has been achieved so far with respect to European financial integration? To answer this question, I am referring to a new report published by the ECB with the aim of monitoring the progress of financial integration in the euro area.