For example, the Bundesbank took part in the task force on remittances set up by the Committee on Payment and Settlement Systems and the World Bank. This task force agreed on “General principles for international remittance services”, which focus on payment system aspects. Furthermore, we take part in international efforts to improve the data on remittances.
Certainly, it defeats our prudential purposes if the attainment of one comes at the expense of the other. Here, your expanding footprint strategy is a critical element. As banking services are offered outside of the traditional city-centers, the expectation is that the dynamics between inclusion and stability can very well change.