Wherever new risks are potentially created by digitalisation, we therefore need to respond in a sensitive manner; regulatory and supervisory practice therefore need to adapt.
Upheaval in the financial industry caused by, for instance, murky securitisations of mortgages or high-frequency trading, teach us that supervisors need to look at innovation and financial trends early on with a critical eye and in a forward-looking manner – there will be no getting around this in future.