This means that innovation and competition will be central to the future development of the payment system – as they are in other areas of the economy. Regulators should strive to remove barriers to innovations when we can do so without sacrificing important public policies.
Andreas Dombret: What does good macroprudential regulation look like? Speech by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, at the ICFR (International Centre for Financial Regulation) Annual International Regulatory Summit, Berlin, 19 October 2011. * 1  *  *  Introduction  Good regulation has a great number of facets.