plus  One only needs to remember the great success experienced when developing RTGS , which incidentally now contributes about 50% of the whole TARGET volume. Without the support of the banking industry we would not have managed to successfully establish this system in the market in such a short time. The European banking industry is likewise intensively involved in TARGET2.
Large countries should support the approaches taken by smaller countries to implement reforms – when they support the intended outcomes of global standards, but in ways that may deviate from large country norms in order to meet local country conditions. BIS central bankers’ speeches  3