Tumpel-Gugerell on financial integration

In the speech 'Financial integration and stability in Europe' given on 1 December Gertrude Tumpel-Gugerell of the ECB said effective and efficient banking supervision is essential, both to promote financial integration and to safeguard financial stability.

"The introduction of the euro and the single monetary policy, the existence of a single payment area and the growing process of financial and banking integration in Europe are good reasons for an enhanced common European approach to prudential

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