In the interests of time, I will not make any introductory remarks regarding the many payments system issues that the RBA is working on, but we would welcome the opportunity to talk about these during the hearing, if that were possible. Thank you. My colleagues and I are here to answer your questions. 4/4  BIS central bankers' speeches
But there is another element which might have been underestimated and needs to be further considered in thinking about how our democracies can cope with certain financial market developments. As an increasing number of investors take positions based on the same hypothesis, their ability to influence the final outcome increases.