Individual firms may then take these principles and reflect them in their own procedures manual. Our aim in  2  http://www.bis.org/about/factmktc/fxwg.htm. 3  Available at http://www.rba.gov.au/afxc/about-us/pdf/global-preamble.pdf. 4  I am not using these terms in the legal sense that is sometimes the case in particular jurisdictions, but rather in terms of common market parlance.
3 Central banks need to be prepared The three trends I have just outlined highlight that, if the payments ecosystem is going to expand, central banks need to be prepared.