Finland's Liikanen: eurozone banks fragmented

The euro-area finance industry remains fragmented, with most banks operating only on a national level, said Erkki Liikanen, the governor of the Bank of Finland.

Speaking in Washington, Liikanen said that to get the benefits of a single market in financial services, barriers had to be removed and a great deal of harmonisation done.

He also said that the current crisis demonstrated that regulatory and supervisory structures must follow the reality of the financial markets.

"As national financial

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