This framework shall be largely considered and used as a guide as we develop our own national strategy and accompanying policies. There is no guarantee that we will be able to address all of the risks associated with innovative financial products and services.
As regulators and industry players, we are challenged with ensuring that regulations do not hinder, but rather, complement developments in the market. However, it is anticipated that through learning and better understanding of new developments and market products, we can adjust to accommodate technological advances.