This will not be an exhaustive list, but it can give first insights into the complexity of the issue at hand. 1/4  BIS central bankers' speeches  Account-based versus value-based Digital Base Money Let me start with a primarily legal dimension, which is the distinction between account-based and value-based DBM.
A selection of indicators commonly used to identify macroprudential risks in the industry did not reveal any significant concerns from a systemic risk perspective despite the subdued level of economic growth and which impacts negatively on the insurance industry’s premium income, lapses and surrenders.