Second, it is equally important to ensure that innovations are adopted to increase efficiency instead of becoming a hurdle to financial integration and efficiency. In its catalyst function, the ECB uses its position as “honest broker” to facilitate the harmonisation of standards among market participants and the interaction of the industry with other public authorities.
The ECB stands ready to work together with all interested parties in its catalyst capacity to move towards interoperability of any developed services. Thank you. 2/2  BIS central bankers' speeches