So regulators and supervisors need to: not get in the way of ‘good’ innovation; seek to prevent or limit innovations that are detrimental to the goal of well functioning financial services and markets; and ensure that the associated risks are well-managed. These are important topics for the Central Bank. So, today, I will cover:  1.
Let me start by reviewing the economic outlook. There has been a noteworthy pickup in business investment this year compared with last year. Investment in the equipment and intellectual property category has risen at an annual rate of 6 percent so far this year after remaining roughly flat last year.