In the euro area, these measures weighed on the public debt to the tune of around 5 percentage points of GDP in Belgium, the Netherlands and Spain, more than 8 points in Austria and Germany, over 10 points in Portugal and over 20 points in Greece and Ireland.
In June 2016, the Bank of England advised that it would collaborate with FinTech firms on measures that could support its ‘mission’ as a central bank. The Reserve Bank of India has appointed an inter-agency FinTech working group to ‘review and appropriately reorient the regulatory framework and respond to the dynamics of the rapidly evolving FinTech scenario’.