Trichet on European financial sector integration

In a speech on 'Integration of the European Financial Sector' given on 29 June, Jean-Claude Trichet of the ECB said that the financial system plays an essential role in the transmission of monetary policy and integrated European financial markets facilitate the implementation all over the euro area of the ECB monetary policy.

"The exceptional chances and opportunities of the present times have their necessary counterparts in potential risks that have to be identified, analysed and appropriately

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