He said controls on banking activity should not be implemented "out of anger".

Cash processing is an industrial process far removed from traditional banking activities and culture.

However, traces of banking activity can be found even in ancient times.

But in a statement, the committee also said the "rapid growth of international banking activities" had made such standards necessary.

In recent decades, their business has broadened into some commercial banking activities.

In time, the firm added private banking activities to its menu of services.

Through its ability to determine the level of short-term interest rates and influence banking activity, the committee's power is felt throughout the economy.

The problem is that real banking activities are run in Member States by private financial institutions.

Some 5,000 square feet on the plaza will house retail banking activities.

It has about 3,200 local offices where private, business and retail banking activities take place.