The pace of adoption will also depend on the strength of the community to come together and continue to drive the technical specifications standards and scalability potential. Now, to continue with the tradition of a central banker and regulator, let me also enunciate few risks and spread some words of caution along the way. Risks associated with Open Banking 14.
Recall how financial stability is typically defined: as the ability of the financial system to function even during periods of stress and structural change. However, monitoring of vulnerabilities in the financial system tends to focus on the functioning of the system during periods of financial stress.