ECB's Gonzalez-Paramo on EU cross-border banking

In the speech 'Cross-border banking in the EU: developments and emerging policy issues' given on 24 February Jose Manuel Gonzalez-Paramo of the ECB said financial integration is a highly dynamic process, in which market developments and policy action are intricately linked.

"While market forces have the primary role and responsibility in shaping the single financial market, policymakers need to support these efforts by providing an adequate framework for the cross-border expansion of financial

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