BIS Review 151/2010  1  In my intervention today I will, therefore, focus on two projects that aim to address the fragmentation still present in the field of retail payments and securities settlement: the Single Euro Payments Area (SEPA) and Target2 Securities (T2S). Let me start with SEPA.
The Report reviews economic and financial trends in the context of Canada’s inflation-control strategy. The Canadian economy has grown faster than was projected in last April’s Monetary Policy Report and the July Update, largely because of a surge in exports. It is now operating near its production capacity and continues to adjust to global economic developments.