I believe this is due to one of the trends pointed out earlier. The struggle to be at the centre applies not only to securities, but also to cash. Every commercial bank (or CSD) would like to be in the position of the central bank in order to exploit the monopoly over the money supply and obtain additional profits.
Jun Il Kim: Achieving balanced growth and promoting economic development Opening remarks by Mr Jun Il Kim, Deputy Governor of the Bank of Korea, at the International Seminar 2012, hosted jointly by the Bank of Korea and the Daegu-Gyeongbuk Development Institute, Daegu-Gyeongbuk, 14 November 2012. *  *  *  Good afternoon.