In aspeech on 'The enlargement of the EU and the European capital markets' given on 13 October, Eugenio Domingo Solans of the ECB said although a new era of financial development in accession countries is now in full swing, the challenges ahead are still considerable. Despite the remarkable progress made in recent years and the ongoing adjustment to euro area standards, the financial sectors of accession countries need to undertake further significant changes in the future.

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