ECB's Gonzalez-Paramo on financial integration

In a speech on 'Financial integration and economic growth. Lessons from the European experience' given on 28 January Jose Manuel Gonzalez-Paramo of the ECB said in effectively promoting financial integration, Europe has shown that public policies can play a key role.

Gonzalez-Paramo said the harmonisation of regulatory frameworks and cross-border financial activities in Latin America would initially require reforms in the national treatment of banking and insurance legislation, or tax treatment

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