European Commission - Press release
Post-crisis policy measures in the financial sector give way to longer-term growth goals Commission report finds
Brussels, 26 April 2012 – Resilience in the financial sector has improved in the aftermath of the financial crisis, and action is now focusing on longer-term growth goals, although vulnerabilities remain, according to an annual European Commission report on financial integration and stability. The European Financial Stability and Integration Report (EFSIR) will be presented at today's joint conference with the European Central Bank (ECB) in Frankfurt. The event brings together policymakers, financial market leaders and academics for discussion on financial stability and integration in Europe.
"We all know that 2011 was a difficult year for Europe," said Internal Market and Services Commissioner Michel Barnier, a keynote speaker at the event. "The report's careful analysis of past and current challenges is a solid basis for continuing our reform programme and shaping future policies. The reforms we are introducing are essential to restore financial stability and to pave the way for a more resilient and integrated European market in financial services. In turn, this is the essential basis to allow for long-term growth to return in Europe."
This year's report:
Read the European Financial integration and stability report: