1/3  BIS central bankers' speeches  This journey officially began in December 2015 when we launched the National Retail Payment System Project or the NRPS. As a policy framework, the NRPS lays down the principles and necessary elements of our envisioned safe and efficient retail payment system. Let me just highlight for a moment the concept of efficiency.
Wim, my good friend, I should like to congratulate you sincerely and cordially on having been elected European Banker of the Year 1996.