All of these efforts are multilateral and predicated on strong cross-country collaboration. Some of our initiatives are pan-European, but others, such as TIBER-EU, are entity-agnostic, meaning that they can – and will – be used to harmonise processes not only for FMIs and other financial entities within Europe but also beyond. Conclusion Let me conclude.
The multilateral efforts I have just described reflect the growing recognition by both industry participants and regulators that we should see the global payment system for what it really is: an essential global public good whose integrity is increasingly being challenged by malicious cyberattacks and fraud attempts by individuals.