My second example is the strategic reflections on the future of the Eurosystem market infrastructure. Investigative work has started in three key areas: (i) the consolidation of TARGET2 and T2S; (ii) settlement services to support instant payments; and (iii) a Eurosystem collateral management system. Work in those three areas is closely interconnected.
  In general, most countries in Africa are forming regional economic integration arrangements in order to; secure access to larger markets and enhance trade flows and in the process attract the much needed foreign direct investments; lower trade costs among neighbours; leverage or lock in domestic reforms; create a framework for regional cooperation and resource pooling; increase their bargaining power and political cohesion.