As a central banker and former financial market regulator in an emerging country, i deal first hand and on a daily basis with regulation aiming to foster economic growth while preserving monetary and financial stability. So, let me share my thoughts by providing you with, sort of, a view on the trade-offs behind this complex task from the emerging world.
However, technology has also allowed banks to assess the credit and other risks of customers previously deemed too risky and, then, to extend credit profitably to such borrowers. Some investment in bank technology has been largely defensive, with the gains captured mainly by customers who would otherwise have shifted to competing institutions. Retail internet banking and, for some smaller banks, ATMs, are examples.