12 See A. STEVENS, “Digital Currencies: Threats and Opportunities for Monetary Policy”, NBB Economic  Review, June 2017, 89. 13 See Article 127.5 TFEU. 14 See for example FINANCIAL STABILITY BOARD, Crypto-assets: Report to the G20 on the work of the FSB  and standard-setting bodies, 16 July 2018. See http://www.fsb.org/wp-content/uploads/P160718-1.pdf.
This applies  BIS central bankers’ speeches  5  to the international sector as well as the domestic one. Directors of subsidiaries of international financial services firms still have important regulatory responsibilities and need to satisfy themselves as to the risk profile of the legal entity and balance sheet which is under their particular charge.