I hope that this conference will yield suggestions, observations and ideas for mapping the future development of Italy’s payment system as part of the broader growth and modernization of Italy in Europe. Thank you. 2  2  Payment services represent 15 per cent of banks’ total operating costs. BIS central bankers’ speeches
We need to strengthen and augment our efforts to reduce preventable foreclosures. In addition, we need to turn far greater attention to limiting the costs of foreclosures that do occur. Such efforts are not only in the interest of the affected families and their communities but also in the interest of the financial institutions involved and the broader economy.