Background Note | HBS Case Collection | August 2005 (Revised October 2010)

European Financial Integration

by Rawi E. Abdelal and Christopher Bruner

Abstract

Provides background on the history and status of financial integration in the European Union. Describes the pertinent treaty-based "fundamental freedoms," emphasizes challenges to further cross-border consolidation in the banking sector, and examines the regulatory role of the European Commission in fostering conditions conducive to further financial integration.

Keywords: Banks and Banking; Financial Markets; Financial Strategy; Cross-Cultural and Cross-Border Issues; Governing Rules, Regulations, and Reforms; Integration; Banking Industry; European Union;

Citation:

Abdelal, Rawi E., and Christopher Bruner. "European Financial Integration." Harvard Business School Background Note 706-010, August 2005. (Revised October 2010.)