2  BIS central bankers’ speeches  We started work during the year on the introduction of a wide range of macroprudential measures to contain banking sector risks. At the heart of a modern economy is a robust and efficient payments system.
The Cheque Truncation System, introduced the year before, saw the end of physical exchange of cheques on the Bank’s premises on 31 January 2013. International regional role We continued to participate actively in regional fora organized by SADC, COMESA and AACB and brought our contribution to discussions relating to regional issues. The COMESA REPSS went live in October 2012.