We have done a lot, but I am sure more can be accomplished and the Committee will look carefully at proposals as they are brought forward. Over time, I anticipate further steps toward explaining our views, but at a pace that is likely to be measured. BIS Review 1/2005  5
The latter amounts to an increase of cross-border activities by more than 15% in the last two years. The euro outside the euro area The significant size of domestic markets for euro-denominated assets has increasingly attracted financial operators outside the euro area. In particular, the euro has been used by international borrowers as a currency to secure funding. Let me give you two examples.