Frank Elderson: Payment systems – security, governance and SEPA Speech by Mr Frank Elderson, Executive Director of the Netherlands Bank, at the “Future of the Payments System” conference, Amsterdam, 18 June 2013. *  *  *  Ladies and gentlemen, As you all know, DNB’s objectives include ensuring secure, reliable and efficient payments.
That means making sure we can rely on having good and effective payment systems. This is the moment when speakers usually introduce their metaphors. And, in the Netherlands, these are often metaphors involving water. Water that has to flow, and rivers that have to be channelled. And then the dikes that have to be built.