EAPS initially connecting the Real Time Gross Settlement Systems of the EAC countries, this will facilitate cross border trade and investment across the EAC countries. This summit comes at a time when it can offer some insights to this process of integration. Ladies and Gentlemen: Anti-Money Laundering (AML) and Combatting the Financing of Terrorism remains a challenge to us all.
Low Interest Rates and Banks' Profitability Although it is not clear why, interest rates have fallen globally and are negative, not only in Japan but also in many European countries. Banks are dissatisfied with low interest rates.