In addition, we should strengthen our cooperation with the relevant domestic institutions, major country central banks and international consultative bodies, while participating actively as well in the discussions on financial stability at the G-20, the Financial Stability Board (FSB), the Basel Committee on Banking Supervision (BCBS) and other international forums.
The most notable outcomes of this gap analysis activity were the definition of a new settlement model, alternative to the one defined on the basis of the SCT Inst scheme and called Single Instructing Party.3 The upcoming onboarding of the Swedish banking community gave rise to the idea of exploiting the common instant payment infrastructure in order to provide a cross-currency solution for instant payments.