Dear Governor Matolcsy, Ladies and Gentlemen, Almost to the day 15 years ago, on 15 February 2001, Alexandre Lamfalussy and his Committee of Wise Men submitted their Final Report on the Regulation of European Securities Markets to the Commission.
• The reverse picture emerges for Chinese consumers in major cities. Third-party mobile payment providers clearly dominate here, having leapfrogged debit and credit card payments. Payment habits in China are still in a state of flux as payment technologies continue to evolve. Seamless payment methods are on the rise. These methods essentially try to counter the “pain of paying” with a physical smile.