This Steering Committee has yet to address the question of the transition to the Single Euro Payments Area, in which the payment systems of various countries will be integrated, augmenting the efficiency of cross-border payments.
The establishment of synergies between the Bank and the CBFA, provided for by the law of 2 August 2002 on the supervision of the financial sector and on financial services, has continued, particularly in regard to financial stability, IT systems and crisis management.