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Financial integration and stability: European Commission and European Central Bank hold annual conference

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The European Commission is today hosting the yearly European Financial Integration and Stability conference with the European Central Bank (ECB) in Brussels. To coincide with the event, the Commission has published its annual European Financial Stability and Integration Review (EFSIR) report, which takes stock of recent developments in financial markets and the financial sector. The report highlights a positive trend in the recovery of the European economy and identifies private consumption as the main driver for growth, supported by improved bank funding and a better regulatory and supervisory framework. The report also notes that EU banks are much more stable today than in the past: they are better capitalised and have sounder business models, although certain challenges remain.


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