I travel a lot around Germany and talk to people and hear that we at the ECB are doing too much, exceeding our mandate. Someone even took us to the Constitutional Court on that. In Italy, people ask: why don’t you do more?
Professor Klaus Schwab, Founder of the World Economic Forum quipped, “There has never been a time of greater promise, or greater peril.” This given, the BSP seeks to continually build a regulatory environment for innovations to flourish, yet still mindful that risks to stability and integrity – including from cyber attacks, money laundering, and terrorism financing – must be effectively managed.