When the fund is fully operational, the availability of adequate resources will allow the cost of crises to be divided between the bank’s creditors and the banking system as a whole, with advantages for the cost of banks’ funding.
You all made an impressive contribution to the successful migration to SEPA, which warrants a well-deserved compliment from De Nederlandsche Bank. But SEPA is only the start of efficiency in payments transfers. We are on the brink of a new payments world in which businesses, retailers and consumers will be able to reap the benefits of the European market even more.