A major challenge for authorities, however, is the proper definition of a regulatory framework that would allow banks’ capital buffers to shrink in downturns (i.e. to absorb losses), without creating moral hazard and regulatory arbitrage. I thank you for your attention. 4  BIS Review 118/2008
Once you are digitally-connected, it becomes possible to transact everywhere, anytime and subject to adherence to advised protocols, in a safe and secure manner. Third, the backbone service infrastructure, including access to government services, utilities and enabling platforms to access and/or purchase basic goods and services are fast becoming electronic and digital.