The report is the first of its kind and is likely to prove particularly useful to both emerging and industrial countries still in the process of modernising their settlement systems. In recent years, the Committee has extended its interest beyond banks to settlement systems for securities and foreign exchange, and clearing arrangements for exchange-traded derivatives.
While other people think of us as being too cautious... We keep the currency for 17 countries, for 332 million fellow citizens, for citizens of all persuasions.