Market analysts and observers’ views have been widely publicised without revealing potential conflicts of interest, such as sitting in advisory boards or acting as consultants for major investment houses or hedge funds. This above is not an excuse for the slow decision making in the euro area, which is partly constrained by national processes.
Vision 2015 is the product of inter-organisational brainstorming, debate and consultation between the Bank, the banking industry and various other specific stakeholders. The successful implementation of the strategies will, once again, depend on co-operation between all the payment system stakeholders.