legal convergence

What is legal convergence?

legal convergence definition and meaning on Finance terms:
The process of adaptation by EU Member States of their legislation, in order to make it compatible with the Treaty on European Union, the Treaty on the Functioning of the European Union and the Statute of the European System of Central Banks and of the European Central Bank for the purposes of: i) integrating their national central banks into the European System of Central Banks, and ii) adopting the euro and making their national central banks an integral part of the Eurosystem. See also
European System of Central Banks (ESCB)
Eurosystem
national central bank (NCB)
Treaty on the Functioning of the European Union (TFEU)<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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