For example, one country might be more focused on IT and risk management, while the other focuses more on the payment system in general. Some authorities have mandates to look at investor and consumer protection, or competition, while others do not. Yet we all share a common interest in maintaining trust in the security and efficiency of payment services.
These values are sometimes at odds with innovation. 2  BIS central bankers’ speeches  Innovations – such as virtual currencies or payment account access services – can be disruptive.