10  See appendix 2 for a fuller discussion of existing electronic elements in the payment system, including the automated clearing house (ACH) and credit and debit cards for retail payments, and Fedwire for large dollar or wholesale payments. BIS Review 100/2001  7  Let me begin with the implications of the spread of e-money for financial stability.
As we have emphasised in the past, the Bank does not have a profit-maximising objective and its operations are conducted in the broader interests of the country, in pursuit of its mandate and responsibilities. Nevertheless, we will continue to implement strict internal financial controls to ensure economy and efficiency of the Bank’s operations. BIS central bankers’ speeches  3