In fact, apart from critical roles for different regulations, there is a significant role for self-regulatory bodies in matters relating to documentation, common procedures and promoting market discipline in favour of best practices. In brief, the need for, scope of, and limits to the legal framework should be explicitly and continuously appreciated.
Bundesbank online surveys of April and May 2020 found out that 73% of respondents who changed their payment behaviour during the pandemic said they would probably or even certainly stick to this new behaviour. COVID-19 was just a catalyst.