For instance, after being in existence for over a year, only about 1.9 % of total credit transfer  BIS Review 30/2009  5  volume in the euro area are SCT transactions. 2 Banks see the responsibility on the side of corporations and public administrations to bring the critical mass of payments to the SEPA environment.
Independence has been a core principle in the Board's appraisal regulation and guidance, which have been in place since the early 1990s. When we examine a bank's real estate lending activities, examiners consider the adequacy of the appraisal function to ensure that it complies with the appraisal regulation and has appropriate risk management practices.