It is important to point out, as outlined by my colleague Grainne McEvoy25, the greatest risk to consumers comes not from technological developments, but from the culture of the firms in charge of the technology.
If you put new technology in the hands of people and firms who are committed to protecting and delivering value for their customers, it is far more likely to result in positive consumer outcomes. The Central Bank will continue to seek to make sure that consumers and investors are protected irrespective of the technology they are using.