We have focused on ensuring that the risks to the Irish economy are understood and that risks to financial stability and consumer protection are 2/5  BIS central bankers' speeches  identified and mitigated to the greatest extent possible.
Source: RBA  The big reduction in fees followed the Bank stepping in to regulate interchange fees and giving merchants the choice as to whether they recover their payment costs through surcharging. While surcharging is not popular with consumers, it has resulted in pressure on card schemes to lower fees and this has resulted in lower payment costs.