Here too, we apply a risk-focused approach to consumer compliance supervision, focusing most intensely on those areas involving the greatest 1/4  BIS central bankers' speeches  compliance risk. Similarly, we want to ensure that rules that address the risks posed by the business models of the largest banks do not unintentionally create barriers to entry or unnecessary burden for community banks.
Despite some inherent advantages that the fintech players enjoy, it is not a one way street for them. The fintech companies do not have a big client base of their own and without the expertise to navigate the regulations and licensing discipline of the finance industry; they can’t go very far on their own.