I do not mean that central bankers sit around a table and make policy collectively, nor do I mean that they call each other regularly and coordinate actions. We certainly communicate with one another enough at the BIS.
As we assess the options to achieve these goals, we pledge to carefully consider the industry’s views concerning future Federal Reserve participation in the payments system and to work in close collaboration with the private sector every step of the way. _____________________________  BIS Review 88/1997