Although risks related to cyberattacks, data theft and breaches of data integrity are what first spring to mind, regulators also have to understand the risks these technologies pose to the stability of the financial system as a whole. Finding the right balance between facilitating innovation and ensuring financial stability and consumer protection is an inherently difficult task. There are no quick or easy solutions.
But so far – and I am interested to hear your views on this – I think it is fair to say that the regulatory approach here in Europe has generally been supportive.