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Financial integration

28 January 2021
SPEECHES
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the LSE conference on “Financial Cycles, Risk, Macroeconomic Causes and Consequences”
Annexes
28 January 2021
SPEECHES
27 November 2020
INTERVIEW
Interview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by João Silvestre on 19 November 2020
English
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19 November 2020
SPEECHES
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, Financial Stability Conference on “Stress, Contagion, and Transmission” organised by the Federal Reserve Bank of Cleveland and the Office of Financial Research
Annexes
19 November 2020
SPEECHES
12 November 2020
SPEECHES
Keynote speech by Luis de Guindos, Vice-President of the ECB, at the CIRSF (Research Centre on Regulation and Supervision of the Financial Sector, Portugal) online Annual International Conference 2020 on Major Trends in Financial Regulation
2 September 2020
THE ECB BLOG
Blog post by Luis de Guindos, Vice-President of the ECB, and Fabio Panetta and Isabel Schnabel, Members of the Executive Board of the ECB
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Summary
The coronavirus crisis makes progress on capital markets union even more important, write Luis de Guindos, Fabio Panetta and Isabel Schnabel. In the light of the European Commission’s forthcoming Action Plan, they outline priority areas for reform to foster European capital markets.
3 March 2020
INTERVIEW
Contribution by Luis de Guindos, Vice-President of the ECB, on the occasion of the publication of the ECB report on “Financial integration and structure in the euro area”, Frankfurt
3 March 2020
FINANCIAL INTEGRATION AND STRUCTURE IN THE EURO AREA
3 March 2020
FINANCIAL INTEGRATION AND STRUCTURE ARTICLE
Financial Integration and Structure in the Euro Area 2020
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Abstract
This special feature analyses euro area investment preferences in the investment fund sector and discusses the implications for financial integration. We investigate the traditional perception that investors tend to hold a disproportionate share of domestic assets in their portfolio, a phenomenon generally known as “home bias”. We argue that measures of home bias that neglect fund holders’ countries of origin are biased, in particular when investments are concentrated in financial centres. By taking into account fund holders’ country of origin rather than assuming the fund’s domicile as investment origin, this study revisits and corrects measures of home bias in the euro area.
3 March 2020
FINANCIAL INTEGRATION AND STRUCTURE ARTICLE
Financial Integration and Structure in the Euro Area 2020
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Abstract
This special feature discusses how a common sovereign safe asset in the euro area could benefit financial stability by fostering financial integration and development, and by changing the structure of asset markets. The discussion focuses on the potential benefits of a well-designed common safe asset that has certain desirable characteristics, while it does not provide an assessment of specific design options. This special feature should be viewed as part of a broader discussion on how to complete the banking union, which also includes considerations regarding a European deposit insurance scheme and changing the regulatory treatment of sovereign exposures.
3 March 2020
FINANCIAL INTEGRATION AND STRUCTURE ARTICLE
Financial Integration and Structure in the Euro Area 2020
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Abstract
Brexit will result in a substantial structural change to the EU’s financial architecture over the coming years. It could be particularly significant for derivatives clearing, investment banking activities and securities and derivatives trading as the reliance on service provision by UK financial firms is more pronounced in these areas and the provision of such services is currently linked to the EU passporting regime. At the same time, the precise overall impact of Brexit on the EU’s future financial architecture in general – and on these specific areas in particular – is difficult to predict at this stage, and may change over time. This special feature makes a first attempt at analysing some of the factors that may affect the EU’s financial architecture post-Brexit. It focuses on areas which currently show strong reliance on the UK and are of particular relevance for the ECB under its various mandates.
2 March 2020
SPEECHES
Remarks by Luis de Guindos, Vice-President of the ECB, at the European Economics and Financial Centre
18 February 2020
SPEECHES
Introductory remarks by Fabio Panetta, Member of the Executive Board of the ECB, at the European Parliamentary Week
23 January 2020
INTRODUCTORY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 23 January 2020
8 January 2020
SPEECHES
Speech by Luis de Guindos, Vice-President of the ECB, at the SUERF/De Nederlandsche Bank Conference “Forging a new future between the UK and the EU”,
12 December 2019
INTRODUCTORY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 12 December 2019
3 December 2019
SPEECHES
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the ECB Representative Office in Brussels, 3 December 2019
30 October 2019
SPEECHES
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB, at lecture series “Mein Europa”, Heinrich-Heine University
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28 October 2019
SPEECHES
Remarks by Mario Draghi, President of the ECB, at the farewell event in his honour
7 September 2019
SPEECHES
Panel contribution by Luis de Guindos, Vice-President of the ECB, at The European House-Ambrosetti Forum, Cernobbio, 7 September 2019
25 June 2019
SPEECHES
Dinner remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at the International Swaps and Derivatives Association, Frankfurt am Main, 25 June 2019
23 May 2019
SPEECHES
Speech by Luis de Guindos, Vice-President of the ECB, Association for Financial Markets in Europe Conference, Supervision and Integration Opportunities for European Banking and Capital Markets, Frankfurt am Main, 23 May 2019
16 May 2019
SPEECHES
Speech by Luis de Guindos, Vice-President of the ECB, at the occasion of the joint conference of the European Commission and the European Central Bank on European financial integration and stability, Brussels, 16 May 2019
10 May 2019
SPEECHES
Video address by Peter Praet, Member of the Executive Board of the ECB, at the conference “Future Europe”, Frankfurt am Main, 10 May 2019
19 February 2019
SPEECHES
Address by Luis de Guindos, Vice-President of the ECB, at the European Parliamentary Week, Brussels, 19 February 2019
31 January 2019
SPEECHES
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the 2019 Annual General Meeting of the International Capital Markets Association’s European Repo and Collateral Council, Luxembourg, 31 January 2019
31 January 2019
SPEECHES
Keynote speech by Benoît Cœuré, Chair of the CPMI and Member of the Executive Board of the ECB, at the 14th BCBS-FSI high-level meeting for Africa on strengthening financial sector supervision and current regulatory priorities, Cape Town, 31 January 2019
7 January 2019
SPEECHES
Keynote speech by Luis de Guindos, Vice-President of the ECB, at the conference “Five Years with the Euro”, Latvia, 7 January 2019
15 December 2018
SPEECHES
Speech by Mario Draghi, President of the ECB, at Laurea Honoris Causa in Economics by University of Sant'Anna, Pisa, 15 December 2018
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14 December 2018
SPEECHES
Speech by Luis de Guindos, Vice-President of the ECB, at the 6th Frankfurt Conference on Financial Market Policy, Frankfurt, 14 December 2018
26 November 2018
SPEECHES
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the Conference on European Economic Integration (CEEI), Vienna, 26 November 2018
15 November 2018
SPEECHES
Keynote speech by Luis de Guindos, Vice-President of the ECB, at the Annual General Meeting of the Foreign Bankers’ Association, Amsterdam, 15 November 2018
13 November 2018
SPEECHES
Speech by Luis de Guindos, Vice-President of the ECB, at the Deutsche Bundesbank reception on the occasion of Euro Finance Week, Frankfurt, 13 November 2018
13 November 2018
SPEECHES
Opening Statement by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Banking Supervision, Resolution and Risk Management conference during the 21st Euro Finance Week, Frankfurt am Main, 13 November 2018
5 October 2018
SPEECHES
Lectio magistralis by Luis de Guindos, Vice-President of the ECB, opening the XXIX Edition of the Masters Programme in European Union law of the University Carlos III of Madrid, 5 October 2018
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19 September 2018
SPEECHES
Speech by Mario Draghi, President of the ECB, at the Europa-Konferenz at Hertie School of Governance organised by the Jacques Delors Institute, Berlin, 19 September 2018
18 September 2018
SPEECHES
Speech by Mario Draghi, President of the ECB, at the ACPR Conference on Financial Supervision, Paris, 18 September 2018
5 September 2018
SPEECHES
Remarks by Peter Praet, Member of the Executive Board of the ECB, at the Eurofi Financial Forum 2018, Vienna, 5 September 2018
5 July 2018
SPEECHES
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the conference on “Economic and Monetary Union — Deepening and Convergence”, Linz, 5 July 2018
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26 June 2018
SPEECHES
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the Central Bank Payments Conference, Singapore, 26 June 2018
17 May 2018
SPEECHES
Remarks by Vítor Constâncio, Vice-President of the ECB, at the ECB Colloquium on “The Future of Central Banking”, Frankfurt am Main 16-17 May 2018
14 May 2018
SPEECHES
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, Biannual high-level networking seminar on economic and financial issues organised by Danmarks Nationalbank, Copenhagen, 14 May 2018
14 May 2018
SPEECHES
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, Meeting with students at Copenhagen University, Copenhagen, 14 May 2018
11 May 2018
SPEECHES
Speech by Mario Draghi, President of the ECB, at the European University Institute, Florence, 11 May 2018
3 May 2018
SPEECHES
Keynote speech by Vítor Constâncio, Vice-President of the ECB, at the joint conference of the European Commission and European Central Bank, Frankfurt am Main, 3 May 2018
3 May 2018
FINANCIAL INTEGRATION AND STRUCTURE IN THE EURO AREA
26 April 2018
INTRODUCTORY STATEMENT
Mario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB, Frankfurt am Main, 26 April 2018
2 February 2018
SPEECHES
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the conference “Deepening of EMU”, Ljubljana, 2 February 2018
23 October 2017
OTHER PUBLICATIONS
19 May 2017
FINANCIAL INTEGRATION AND STRUCTURE IN THE EURO AREA
27 October 2016
OTHER PUBLICATIONS
25 April 2016
FINANCIAL INTEGRATION AND STRUCTURE IN THE EURO AREA
29 October 2015
OTHER PUBLICATIONS
27 April 2015
FINANCIAL INTEGRATION AND STRUCTURE IN THE EURO AREA
13 October 2014
OTHER PUBLICATIONS
28 April 2014
FINANCIAL INTEGRATION AND STRUCTURE IN THE EURO AREA
4 November 2013
OTHER PUBLICATIONS
25 April 2013
FINANCIAL INTEGRATION AND STRUCTURE IN THE EURO AREA
26 April 2012
FINANCIAL INTEGRATION AND STRUCTURE IN THE EURO AREA
Related
2 May 2011
FINANCIAL INTEGRATION AND STRUCTURE IN THE EURO AREA
29 September 2010
OTHER PUBLICATIONS
12 April 2010
FINANCIAL INTEGRATION AND STRUCTURE IN THE EURO AREA
6 April 2009
FINANCIAL INTEGRATION AND STRUCTURE IN THE EURO AREA
13 October 2008
PRESS RELEASES
Related
13 October 2008
OTHER PUBLICATIONS
29 April 2008
FINANCIAL INTEGRATION AND STRUCTURE IN THE EURO AREA
5 October 2007
PRESS RELEASES
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5 October 2007
OTHER PUBLICATIONS
28 March 2007
FINANCIAL INTEGRATION AND STRUCTURE IN THE EURO AREA
25 October 2006
PRESS RELEASES
Related
25 October 2006
OTHER PUBLICATIONS
7 October 2005
PRESS RELEASES
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7 October 2005
OTHER PUBLICATIONS
12 October 2002
OTHER PUBLICATIONS
Annexes
12 December 2003
ANNEX
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