An effective safeguard mechanism must identify all possible sources of such risks and put in place appropriate measures. Transparency is a critical requirement of a globally integrating financial system.
Recently, we have begun to harness the power and reach of the digital space to further push this agenda. The digital revolution underscores the importance of innovation and technology to ensure delivery of financial products and services to a wider segment of society. In this regard, digital payment channels have found their way into our payments and settlements infrastructure.