For instance, the Bank for International Settlements' Committee on Payments and Market Infrastructures has worked with financial industry representatives to support harmonised adoption and usage of ISO 20022 for crossborder payments.2 This brings me to the third area, which is the area where we, as central bankers, can have the greatest impact: fostering interoperability between payment infrastructures and expanding their services.
In the financial policy area we are currently consulting on a potential increase in bank capital requirements against high LVR lending.