András Simor: Cost and efficiency of retail payments – evidence, policy actions and role of central banks Pre-dinner statement by Mr András Simor, Governor of Magyar Nemzeti Bank (the central bank of Hungary), at the ECB-MNB Joint Conference on “Cost and efficiency of retail payments – evidence, policy actions and role of central banks”, Budapest, 15 November 2012.
*  *  *  Distinguished guests, ladies and gentlemen, It is a great pleasure for me to welcome you here in Budapest. We are honoured that the ECB accepted the Magyar Nemzeti Bank (MNB) as the co-organiser for a retail payments conference held in 2012.