Furthermore, the members of the ECB Executive Board can be called to speak before the responsible committees of the European Parliament. This ensures that accountability is broadly and institutionally enshrined at the European level. By contrast, accountability at the national level, i.e.
Both the design of payments systems and the way participants use them can affect risk. For example, because a depository institution’s ACH and check systems may not be integrated, stop payments on checks may not work as intended, thereby increasing the risk that fraud may slip through the system.