The use of the TIPS platform set up by the Bank on behalf of the Eurosystem to settle instant payments in the euro area could be a fundamental part of this. The G20 work on cross-border payments intersects with that on financial inclusion, an area in which the Bank is particularly active as co-Chair of the Global Partnership for Financial Inclusion.
However, when the Fund demonstrates a clear need for additional resources to pursue its mandate, the Bundesbank will remain open minded for contributions. As indicated, the term in office of Mr Temmeyer has covered many interesting and challenging topics, and I would like to thank Mr Temmeyer for his dedication and excellent work.