The papers collected in this volume are those presented at the fifteenth Colloquium arranged by the Societe Universitaire Europeenne de Recherches Financieres (SUERF), which took place in Nice in October 1989. The Society is supported by a large number of central banks and commercial banks, by other financial and business institutions and by personal subs criptions from academics and others interested in monetary and financial problems. Since its establishment in 1963, it has developed as a forum for the exchange of information, r~esearch results and ideas among academics and practitioners in these fields, including central bank officials and civil servants responsible for formulating and applying monetary and financial policies, national and international. A major activity of SUERF is to organise and conduct Colloquia on subjects of topical interest to its members. The titles, places and dates of previous Colloquia for which volumes of the collected papers were published are noted on the last page of this volume. Volumes were not produced for Colloquia held at Tarragona, Spain in October 1970 under the title 'Monetary Policy and New Developments in Banking' and at Strasbourg, France in January 1972 under the title 'Aspects of European Monetary Union'.

Inhalt
A Opening Addresses.- I. Introduction.- IIA. Implications Monétaires de l'Intégration Financière Européenne.- IIB. Monetary Implications of European Financial Integration (English translation of Philippe Lagayette's paper).- III. The European Regulatory and Supervisory Framework.- IV. Banking Strategies for the 1990s.- B Competition in Banking Services and Its Implications.- V. Financial Innovation, Internationalization, Deregulation and Market Integration in Europe: Why Does It All Happen Now?.- VI. La Banque à Géométrie Variable: Un Nouveau Facteur de Compétitivité.- VII. Les Pouvoirs Publics Français et les Résistances à la Création d'un Marché Bancaire Intérieur Unifié.- VIII. Competition in Banking Services and Its Implications: The Italian Case.- IX. Le Secteur Bancaire Espagnol et le Problème des Fusions.- C Is There an Efficiency/Stability Trade-Off? Issues in Banking Supervision and Regulation.- X. Competition, Diversification and Structural Change in the British Financial System.- XI. Frankfurt Financial Centre Challenged by 1992.- XII. The European Insurance Industry and the Impact Competition from Banks Will Exert on It.- XIII. Competition in the British Housing Finance Market.- XIV. Competition in Retail Banking: Threat or Promise?.- XV. La Concurrence dans le Domaine des Valeurs Mobilières.- D The Role of the Banks in the Restructuring of European Industry.- XVI. Why Do We Have This M & A Wave?.- XVII. The Merger Game: Playing Against the Odds.- E Competition in Traditional Non-Bank Areas; Securities Trading, Housing Finance and Insurance; Financial Conglomerates.- XVIII. Les Effets de la Réglementation et le Comportement des Banques.- XIX. Issues in Banking Supervision and Regulation from the Perspective of a Banking Supervisor.-XX. Home Country Control and Mutual Recognition.- XXI. Banking Structure and Banking Stability after 1992.- XXII. Issues in Financial Regulation: Efficiency, Stability, Information.- F Concluding Address.- XXIII. General Report on the Colloquium.