But the stress testing system begun during the crisis, and continually refined since, has been the key innovation in capital regulation and supervision and  13  makes those other measures more effective.
More than 50 central banks the world over are looking at the option of introducing this kind of central bank digital currency – with more joining them. [16] It could offer a host of advantages, such as lowering transaction costs and spurring completely new services. The political guard often points out that the digital euro could also help to preserve monetary sovereignty in Europe.