In a similar vein, the Bundesbank has created a new “Financial Stability” department. 4  BIS Review 67/2010  3. Conclusion  Ladies and gentlemen The financial crisis has stimulated a number of discussions about the optimal conduct of monetary policy. I have touched on only some of them, highlighting the key points.
Although there is a small risk to financial stability today, there is no doubt the potential scale of stablecoins and other crypto-assets yet to emerge may pose regulatory challenges. At present, the G7 is finishing a preliminary assessment of stablecoins, and the G20 has asked the FSB to lead the work going forward, which we are actively undertaking.