Beyond these issues, standardization and interoperability across different versions of DLT will need to be addressed to allow technology integration and avoid market fragmentation. In general, industry members and technology providers recognize these important issues and have taken initial steps to address problems.
The current tendency towards an easing in the financial markets should be used vigorously in order to further enhance the resilience of the financial system. One key point on the international agenda is strengthening the supervisory architecture, focusing on two aspects: first, intensifying macroprudential analysis; second – and this applies to Europe in particular – furthering the development of cross-border banking supervision.