I would therefore encourage that our assessment of both the potential and the 3 Gough Neil, 1 February 2016, The New York Times 4 https://cointelegraph.com/news/japanese-cryptocurrency-exchange-hacked-59-million-in-losses-reported  Page 5 of 9  new risks be both honest and realistic. And while innovators put forth the benefits of their innovations, let’s engage in a truthful and sober reflection on the familiar and new threats being introduced.
Trials by central banks  My third observation is that central banks are not immune to the impact of fintech. Our role as operator or provider of particular services, as well as how we conduct our supervisory roles, will be affected by the advancement of exponential technologies.