Next to regulation, the sector's changing structure also calls for us to rethink supervision. First, I believe we should look more towards the EU-level, and where necessary move financial supervisory tasks related to fintech to the ESAs. A good  3/4  BIS - Central bankers' speeches  example of this is MiCAR.
Moreover, the remit of financial supervisors may have to be expanded so they can continue overseeing key parties in the financial value chain. The DORA Regulation makes this possible by introducing financial oversight of non-financial Critical Third-Party Providers.