The indicators of financial integration published here allow an overall assessment of the degree of financial integration in the main financial market segments of the euro area, covering the money market, bond markets, equity markets and banking markets, including indicators related to market infrastructures.
The methodologies according to which the indicators are calculated are described in detail in the Annex of the report that accompanies the indicators. The indicators are updated biannually: once a year they are released together with a report which will also provide an explanation of the developments.
On 29 April 2008 the ECB published the second issue of its annual report on “Financial Integration in Europe”.
The main purpose of this Report is to enhance the contribution of the Eurosystem to the Community objective of advancing European financial integration. In addition, the report is designed to raise public awareness about the role of the Eurosystem in supporting financial integration.Financial Integration in Europe, April 2008, en
The ECB fosters European financial integration within its field of competence. A well-integrated financial system contributes to a smooth and effective implementation of monetary policy throughout the euro area and increases the efficiency of the euro area economy. Moreover, a deeper financial integration may have an impact on to the stability of the whole financial system.