European citizens’ cross-border banking activities, such as mortgage credit, also depend on the further developments in and costs of cross-border payments.
Market participants may contribute as well. In an increasingly globalised financial world, they do fortunately make a considerable contribution. There are various representative organisations of market participants which, in view of the introduction of the euro and the resulting integration of financial markets, have adopted, or are in the process of adopting, standard market documentation for their transactions.