Let me add at this stage, in particular in current times of very high market tensions, it is of the essence to take decisions which reflect the collegial wisdom and expertise of all the members of the Executive Board and all the members of the Governing Council.
4|Page  There will be an extensive public education process for all stakeholders potentially impacted by this transformation. Also, from the outset, this project will engage with banks and other payment services providers, so that interoperability standards can be perfected.