As a second topic, I would like to address some of the factors that are essential for the success of SEPA. Finally, I will present my thoughts on the outlook for SEPA as a truly integrated payment market in the euro area.
Presenting this handicap as an advantage, he suggested that my previous involvement in a variety of central banking activities could be useful because of the growing interaction between monetary policy, payment systems and banking stability. You were generous enough to accept that view. That was an act of confidence.