This has involved on one hand development of the Real Time Gross Settlement (RTGS) system, awareness creation and information dissemination about the role, importance and issues of payment systems and protection of consumer interests. On the other hand, it has involved encouraging banks to invest in technology and improve their payment and settlement system infrastructure, internal controls and move to e-banking.
In the US, households have been traumatised by the twin fear of losing their jobs and their houses. We have observed two particular aftershocks to the crisis, neither of which was expected, as countries struggle to rebalance in two distinct ways.