Daniel Retzer, managing director and chief technology officer for XSP, another software company, wrote that as firms work with both old and new standards they will see the advantages of ISO 20022, and the costs of supporting both.

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Japanese companies are reclaiming their turf by tearing down old standards and putting new hotels in their place, such as the Tokyo Station Hotel (2012), the Palace Hotel (2012) and the Capitol Hotel Tokyu (2010).

BBC: Business trip: Tokyo

Each and every one of our Five-Star properties (both and old and new) meet only the highest service standards.

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The companies that do best are almost invariably the most creative, whether they are introducing new products and services or riffing like jazz musicians on old standards.

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It all came to a head in 2010, when the FSA announced new rules on future PPI sales and demanded that lenders go back through old rejected complaints, and also old sales where there had been no complaint at all, to see if past sales met new standards.

BBC: Q&A: PPI claims - how high could they go?