Patrick Honohan: Adverse selection and moral hazard in forecasting and limiting arrears and loan losses on mortgages Speech by Mr Patrick Honohan, Governor of the Central Bank of Ireland, based on an address on 7 October to the Society of Actuaries in Ireland, on the occasion of his being conferred with an Honorary Fellowship of the Society, Dublin, 10 October 2013.
In this way, payments can be settled faster and potentially also at lower cost. A direct connection is now also possible through the new China International Payments System (CIPS). Participating banks have been able to settle their payments directly with China via this system since 8 October 2015.