su ning : bankcard services for farmers in anhui province, china speech by mr su ning, deputy governor of the peoplea€™s bank of china, at the launching ceremony and press conference of bankcard services for farmers, hefei, anhui province, 12 october 2007. * * * respected vice governor mr. huang haisong, distinguished guests, friends from the media, ladies and gentlemen : good morning! in this beautiful autumn season, i'm very pleased to attend the " launching ceremony and press conference of bankcard services for farmers in anhui province ". the successful launch of the bankcard services for farmers is of great importance in the run - up of the 17th cpc congress. on behalf of the people's bank of china ( pbc ), i'd like to express our warmest congratulations on the launch of the farmers'bankcard services, and our sincere gratitude to anhui provincial cpc committee, anhui provincial government and other friends for your support to our work! our thanks also go to all those comrades who devoted themselves to this endeavor. to strengthen the work in " agriculture, rural areas and farmers " and to steadily push ahead with the construction of a new socialist countryside is a necessary requirement for the comprehensive implementation of the scientific approach to development and construction of a harmonious socialist society, and an important task to accelerate the socialist modernization drive. the pbc attaches great importance to the rural financial system, and puts it high on our agenda. the successful launch of bankcard services for farmers is an important measure for the pbc in its efforts to implement the scientific approach to development and to serve the construction of a new socialist countryside ; an effective means to speed up rural financial infrastructure construction and improve the financial services in rural areas ; and also a good way to support and guide rural financial institutions, rural credit cooperatives ( rcc ) in particular, to accelerate business innovation, uplift rural financial services and achieve a win - win situation. the launch of the bankcard services for farmers has two pre - conditions : first, large migrant workers exporting provinces ( autonomous regions or municipalities ) ; second, sound rcc integrated systems. based on these two conditions, the pbc launched the service in 13 provinces or municipalities, enabling a large number of migrant workers to access convenient, expedient and secure bankcard services, hence becoming quite popular among migrant workers and generating good socio - economic benefits. now we are delighted to see that

agencies ’ decisions and the procedures for appeals. 3. 3 single rulebook and uniform supervisory approaches ( i ) truly homogeneous supervisory rules and standards in the single market. the communication of the commission and the conclusions of the council leave room for highly disparate interpretations of the notion of single rulebook. in a minimalist reading, the main step could be held to lie in the elimination of options and national discretions from the directives. instead, it is fundamental to significantly expand the scope of the supervisory rules and standards issued at european level and directly applicable to financial institutions by reducing to a minimum the margins for introducing differences through the process of transposition into national legislation. ideally, the set of rules that apply to a financial institution authorized in the european union should consist largely of directly applicable european rules and only residually of measures adopted at national level in order to take account of the specificities of local markets. however, there is no blinking the fact that the single rulebook will be drafted starting from a multiplicity of legal orders and supervisory systems, with divergent characteristics. on financial regulation, in some eu countries a good part of the rules are laid down by sectoral authorities, while in others the national rulebook consists largely in legislation. italy is somewhere in between : although we have opted for a significant narrowing of the scope of legislation, the regulatory functions are exercised by italian supervisory authorities under principles and criteria set by law or ministerial decree. as for controls, there are radical differences from country to country in the relative importance of off - site analysis and on - site inspection and in powers of access and verification at intermediaries. the drafting of the single rulebook will therefore take time. but it is a good thing to specify the stages of the process from the very outset. ( ii ) ample use of binding standards in all the more technical matters. going by the ecofin council conclusions, the esas can lay down standards for the matters to be specified in community legislation. from the first stage of implementation of the reform, community legislation could assign the new european authorities the task of setting standards in the areas with the greatest technical content. in banking, for instance, the new authority could be empowered to issue binding standards on the definition of capital, capital requirements, risk concentration, limitation of liquidity risk, prudential reporting, methodologies and procedures for prudential controls, and the practical operation of colleges of supervisors. these are areas that have little impact on the fundamental principles and rules