Vision 2010 provides strategic direction for the payment system and its bank and non-bank participants up to 2010, identifying five major challenges for the payment system. These challenges include accessibility; transparency; security; support for payment, clearing and settlement initiatives of the Southern African Development Community (SADC); and keeping abreast of international developments.
From an operational perspective, the Market Infrastructure Board, which is in charge of the Eurosystem-operated financial infrastructures, continues to scale up its activities to ensure the continued cyber resilience of its systems and platforms. At our meeting in March6, we identified four key areas for further focus: 1) crisis management and incident response; 2) information sharing; 3) awareness and training; and 4) third-party risk.