In the next few weeks, we have a training programme, organised jointly with Deutsche Bank, for our own staff and also for staff from commercial banks, to pave the way for our move to full conformity with Basel II principles. Both regulators and regulatees will be given the same training to ensure they are on the same wavelength.
On the contrary, APCA’s role continues to be very important, including in some aspects of self-regulation and facilitating industry collaboration in determining rules and standards for the five different clearing streams that APCA oversees. APCA has also been active in thought leadership and advocacy for the payments industry.