We are proud of our strong record of cooperating with and supporting private-sector services, while fostering competition for public benefit. We have provided vital support to the sole private2/5  BIS central bankers' speeches  sector provider of real-time settlement for faster payments, and we will continue to do so.
For example, the prices of tradable goods in different countries expressed in a common currency sometimes converge to a common level rather slowly. Asset portfolios tend to exhibit “home bias”. Thus, in a fundamental sense, it seems that there is “some” globalisation yet to come.