Furthermore, the Bank proposed the establishment of the Asset Management Corporation of Nigeria (AMCON). The AMCON Act was passed by the National Assembly and signed into law by the President. The AMCON as a resolution vehicle is expected to soak the “toxic assets” of the banks.
Second, the emergence of new payment services and payment service providers requires a level playing field for newcomers and for long-established players, as well as an appropriate level of protection for the payment service users. Third, while Europe is striving for panEuropean solutions, global service providers offering global solutions present a further challenge that has to be tackled. Let me conclude.