The challenge is developing regulation for all providers, from which banks, fintech players and, above all, customers benefit. In this context, dialogue plays a major role, and evenings like tonight can help us to start talking with one another.
If there are not enough private funds to fill any capital shortfalls identified, the state in question will be obliged to provide a “backstop”. As a last resort, the government is to recapitalise banks, issue guarantees or take on risks. However, this government support is subject to strict conditions. The bank must be solvent, and the support must not offset any accrued losses.