However, I would like to emphasise again that using TARGET2 Securities will make sure that the proven, clear delineation of responsibilities in the market will remain intact, ie central banks provide the settlement in central bank money, CSDs are the owners and custodians of securities accounts. Naturally, we must also bear in mind economic considerations when providing settlement services.
I want to express my commitment to supporting the goals of CRA as we revise the regulations to better align them with current banking practices. In closing, I want to express my appreciation to you for inviting me to join you today.