“Security watchers are calling on net governance body ICANN to adopt a new top level domain name to be used exclusively by registered banks and financial organisations.” This statement is from 2007 – now we are closer to implement.

In the current environment where an overwhelming amount of cross-border transactions take place outside financial exchanges, it is no longer sufficient to rely on the national naming concepts. It is logical, in this respect, to rely on global numbering agencies and the parties making their identifier codes available. Governance and supervision costs will subsequently drop.