The Eurosystem strongly supports further integration in the securities clearing and settlement infrastructure. To this end, it also acts as a catalyst for private-sector activities and holds meetings with the banking and securities settlement industry of the euro area to discuss the further integration of the euro securities settlement infrastructures.
Distinguished Guests: There has been tremendous growth in international remittances in recent years, a trend that is expected to continue as the World becomes increasingly  BIS central bankers’ speeches  1  interlinked. The World Bank estimated remittance flows to developing countries in 2013 to have amounted to USD414 billion, and projections to USD540 billion by 2016.