See Facilitating increased adoption of payment versus payment (PvP  )  5. See Harmonisation of ISO 20022: partnering with industry for faster, cheaper and more transparent cross-border payments 6. See Press release on SWIFT website 7. See Dealroom Fintech Q1 2023 report 8. See Payments modernization and technology in 2023 9. See PAPSS and ASEA forge strategic partnership to revolutionize cross-border payment of Stock Exchanges in Africa 10. See Rowing in unison to enhance cross-border payments − speech by Victoria Cleland  Page 9  11. See CPMI press release 12. Recent BIS figures  and FSB press release  show that the number of active correspondents has gone down by 30% in the last decade. 13. See Improving access to payment systems for cross-border payments: best practices for self-assessments 14. See Extending and aligning payment system operating hours for cross-border payments 15. See ISO 20022 harmonisation requirements for enhancing cross-border payments 16. See Interlinking payment systems and the role of application programming interfaces: a framework for crossborder payments 17. See Press release on the BIS website 18. See FATF Recommendations  Victoria Cleland Executive Director for Banking, Payments and Innovation  ©2023 Bank of England
In other words, data on operations for all insurance companies should be captured easily for planning purposes; and  5)  Along the same lines, the insurance companies should focus on their core-insurance business, as this has the effect of reducing outflow of capital. If insurance companies had an avenue for co-operation amongst themselves, some arrangements to compensate for fore-gone income on ceded commission could be worked out under the co-insurance programme. In this regard, I call upon my counterparts at the Pensions and Insurance Authority (PIA) to strictly supervise the industry in order to ensure, among other things, the proper investment of the insured funds. On our part as the Bank of Zambia, we would like to assure you of our continued support, and our doors are open for consultations. As I do not want to take much of your leisure time, I wish to conclude by thanking you, once again, for according me the opportunity to share my thoughts with you. To this end, I wish you all a Merry Christmas and profitable New Year. Please, have a pleasant evening! I thank you. 2  BIS Review 74/2004