This grandfathering period, which will remain applicable until 2019, represents the old, and as we are entering the twilight stage of the grandfathering period, we are preparing to welcome new opportunities on the horizon. 3  Ladies and Gentlemen, when we thought that we have seen it all, we are now witnessing the rapid development of a global digital economy.
These innovative changes are shaking global financial services and service providers to their core. We all know the benefits that disruptive technologies and innovation can bring to consumers and our economy in terms of opening accessibility to a larger part of the global population to local providers of services.