Furthermore, we continue to develop procedures to assess and deal with any concern of a financial stability nature that might arise. Finally, as I have said, we work closely with our colleagues in the Financial Regulator, who in the course of their regulatory activities have important insights into the operation of the financial system. Mr Neary will share these insights with you shortly.
In addition to this crossborder system, there will be other national net settlement systems: SNP in France, the Madrid Clearing House in Spain, the Finnish POPS system, and the LIPS system in Luxembourg. The German EAF (Electronic Access Frankfurt) combines the positive elements of gross and net settlement systems.