This – and only this – will help us to break definitively with the ghosts from the past Eurocrisis, withstand future shocks, and unlock the full potential our financial economy has to offer. Second, we should push for the harmonization of international regulatory standards. A global level playing field minimizes regulatory fragmentation and allows for the most efficient allocation of capital.
And second, does the use of new technologies increase the efficiency of financial market infrastructures? 3. Current developments and outlook Many enterprises and institutions currently working on blockchain-based solutions expect to reap great benefits from them. Blockchain technology holds out the promise of cost savings, derisking potential and efficiency gains.