Supervisory authorities need stronger means of monitoring the rapid development of new technology and need to ensure that all innovation in the financial markets continues to serve the real economy and is not to its detriment. Realisation as to what was happening in the markets came somewhat late. We are currently seeking to correct 2  BIS central bankers’ speeches  that.
Authorities the world over agree that we need to discipline the markets and the financial system as a whole and make them much more resilient in all circumstances. Jesus drove the money-changers – i.e. the bankers – out of the temple. How do you, as a man of money, feel about this parable?