2  BIS central bankers’ speeches  It is also crucial for the central bank to maintain stability and improve the efficiency of the payment and settlement systems, including those provided by the private sector.
In this regard, the Bank – through oversight of private-sector payment and settlement systems – monitors, communicates and, when necessary, encourages these systems to achieve stability and improve their functionality. Concurrently, the Bank has been enhancing its BOJ-NET. In Oct 2015, the new BOJ-NET was fully launched.