Firms are called upon to make an exceptional effort to ensure the success of the transformation by investing resources of their own, seizing the opportunities for growth, adapting their corporate structures and organization, relying on innovation and their ability to hold their own in the most dynamic markets. They have demonstrated their ability to do so at other times in our history.
In practice, this attitude is reflected in formats such as the ‘Newcomer’ program, which is a one-stop shop for new market entrants, providing consultations and advice on establishment, licencing and related issues. We have also recently launched a regulatory ‘sandbox’, which aims to facilitate and encourage the development of innovative financial products.