Building a sound framework with evolving capabilities will require sound governance and practices at all levels and by all actors in this sector. A pilot “test-and-learn” approach may also be adopted for innovations, through which the necessary safeguards are applied to mitigate the potential risks.
Before I conclude, I want to underscore that a great deal of innovation and innovative thinking is needed to ensure that the benefits from greater financial inclusion are fully realized. This forum facilitates progress in this direction. I look forward to interesting and lively interactions and discussions this afternoon. Thank you for your attention. 2  BIS central bankers’ speeches