Late last year, I wrote to the CEOs of the major banks on behalf of the Payments System Board expressing our concerns and seeking a commitment that the updated timelines will be satisfied. It is important that these commitments are met.
Notwithstanding these delays, I remain confident that the NPP will provide the backbone for substantial innovation in Australia’s payment system for years to come. Thank you very much. My colleagues and I are here to answer your questions. 4/4  BIS central bankers' speeches