Technology has fundamentally reshaped how financial products are created and how these products are delivered, received, and employed by end-users. In my remarks this morning, I plan to discuss two aspects of this process of technological change. First is the recurring theme of financial products being unbundled into their component parts, including the unbundling of credit, market, and other risks.
We must do a better job of giving our current workers and the next generations the skills needed to grab the highly productive, knowledge-based jobs to which demand will continue to shift. I cannot tell you exactly in what sectors or industries these jobs will be; government is not good at picking winners and losers.