One view is that as long as the participants in this market are large institutional investors, or high net worth individuals, they will need no protection. Let the risks be distributed among those who wish to take such risk, and let it be distributed according to their capacity as determined by the market itself.
As I said, I am fairly optimistic that we will not have to. But it is always an option. Security and real-time payments Finally, let me say a few words about fraud. It has been noted that in a world of real-time payments, fraud can also be done in real time.