In the European context, our colleagues from De Nederlandshe Bank and Banco de Portugal, Mr Michiel van Doeveren, Mr Rui Pimentel, Mr Carlo Winder and Mr Richard Derksen will provide relevant information about the ongoing changes in payment systems and services in Europe. Thus, a discussion will be developed about the three main pillars of the Strategic Vision 2020 of the Eurosystem: achieving a consolidated Eurosystem market infrastructure by bringing the two infrastructures TARGET 2 and T2S closer together, harmonization of its own collateralization techniques and procedures and development of pan-European instant payment services. In addition, the latest developments in the legal spectrum regulating payments at European level, with special emphasis on PSD2 Directive, will be elaborated. BIS central bankers’ speeches  1  Also, significant attention will be paid on developments in safe and secure payment services as well as the conceptual and practical issues regarding the oversight on FMIs. On the national level, our efforts are focused on the harmonization of the Macedonian legislation with the EU regulation. The new Law on payment services and systems and related bylaws will implement PSD and part of the provisions from PSD2, Settlement Finality Directive and E-money Directive. Thus, a panel discussion is scheduled where esteemed representatives from the payment service providers, NBRM and experts from Slovenia, Mr Peter Centrih and Bulgarian expert, Mr Antonio Barzashki will elaborate the new package of Macedonian legislative on payments.
Maja Kadievska-Vojnovik: Global, European and Macedonian developments in the area of payment systems and services Speech by Ms Maja Kadievska-Vojnovik, Vice-Governor of the National Bank of the Republic of Macedonia, at the Ninth International Conference on Payment and Securities Settlement Systems, Ohrid, 6 June 2016. *  *  *  Dear ladies and gentlemen, It is with great pleasure and honor to welcome all of you to the Ninth Conference on Payment and Securities Settlement Systems this morning in Ohrid. This year, again, the National Bank of the Republic of Macedonia, in cooperation with De Nederlandsche Bank and Banco de Portugal, continues the tradition in organizing international conferences in the domain of Payment and Securities Settlement Systems, thus enhancing the awareness of the importance of development of the payment systems and services for the national economy and beyond. Therefore, allow me to use this opportunity to express my gratitude and appreciation to De Nederlandsche Bank and Banco de Portugal, as well as their esteemed representatives, for this fruitful collaboration and the privilege to continue this traditional cooperation in the future. In addition, we in the NBRM are very pleased with the presence of the representatives of the central banks of the countries of Central, Eastern and Southeastern Europe, and the participation of the countries of the Black Sea and the Middle East region, as well as those of the Northern Africa.