Article · Sep 2017 with 65 Reads
A particular focus has been understanding the trade-offs between the customer service and economic growth benefits of innovation on the one hand, and the need to manage risks to systemic stability on the other. This White Paper provides a summary of findings identified during the ongoing discussions and interviews, which at a very high level can be condensed in the following four points: Further major innovation-driven change is coming in financial services. Joint, concerted action is needed to enable the system to reap the benefits of innovation. Managing some systemic risks introduced by this wave of innovation poses challenges. The financial services system would benefit from certain tools to achieve greater enablement and risk management.
Topic : Financial Stability, Digital Technology, Innovation, Financial Services