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… But what standard exists, if any? As more transactions are done electronically, the need for increased security is … ID can be a difficult topic to explain. And so we've done some research in the DIACC, and what we've found is that most people, average people, don't understand what we mean when we're talking about …

… from both consumers and businesses. But what is being done to advance payments modernization and expand membership … talking to people who are experts in regulations, so I don't expect anything other than all the details! Having … participant's in one jurisdiction, as Jason said, what you don't want to have is to do business in Canada is so …

… to have this conversation today with the two of you. I don't know if we have enough time, actually, to cover … always, there's a benefit-risk trade-off, but Central Banks don't generally assess those trade-offs in a balanced way. … to there's many unknowns in these new technologies. You don't know the cybersecurity risk. That's a big area of …

… Thanks, Liz. Well, with anything, if it works well, you don't think about how it works or why it works, you just accept that it gets the job done. But when there's a problem, you might get into the how … we have, so for NACHA, we oversee the ACH Networks, so we don't oversee rules related to checks, or wire or the cards. …

… to know their roles and responsibilities, what they own and don't own and what's on their docket. When what I consider … Risk Institute recently published research that you've done on operational resilience, pre and post-COVID-19. I … unknown. Planning for that, it's really hard. You really don't have an easy job, both of you. I'd like to go back to …

… may be at different financial institutions. So this can be done at any time that's convenient for a Canadian. They can … that finality is key. It means that the payments can't be undone. Cyrielle Chiron: Okay, thanks. That's a good, actually … pace, right? When you say 58 countries, that's a lot. We don't want to be the ones who are not being paced with …

… as the pandemic in that entire period. I think Tracey's done an incredible job. I think it's really important that, … is something that they would prefer not to do if they don't have to. And so there was a real focus and awareness … through shopping arcades, we will get messages saying, don't go in and buy that coffee because you're saving up for …

… there was a tremendous amount of collegial work that got done to create this. And I think Tracey probably took us two … do you feel about the risk of not innovating? So, Nick, why don't I start with you? Nick Catino: Sure. Well, certainly … from other jurisdictions. There's examples of this being done really well. And then every institution needs to do its …