BIS Review 114/1997  -6-  IV In the eyes of some analysts, the euro brings the monetary policy experiments of this century full circle. The century began and will end with a denationalised money. At its beginning, there was the gold standard. At its end, there will be the euro.
We do intend to work with the sector to ensure that credit unions are able to operate at standards that are the appropriate standards. We have also ensured that credit unions have a reasonable amount of time (maximum five years) to make the transitions necessary to comply with the new legislation. What is the regulation intended to do?