The Council has recently established a subcommittee, called the banking forum, which is intended to help ensure that government agencies see the big picture of regulatory initiatives affecting the banking sector at any given time. The exchange of information at the forum will help agencies to sequence regulatory reforms and consultations so that pressures from bunching are avoided.
Since there are only national solutions, American cards have expanded their global dominance, despite well designed European systems. Attempts to cooperate internationally, for example, by the French and German banking industry on the major German prepaid card system seem to have stagnated. Not only chips on cards but also networks have gained in importance for payment and settlement systems.