examples in this regard, including: 2  There are many    The origins of iconic City of London institutions such as Lloyds and the London Metal Exchange coffee houses where like-minded patrons gathered to share news;    “Cable”, the colloquial term used by currency traders for the United States dollar-sterling exchange rate; it relates to a nineteenth century undersea communications cable used to transmit key financial information across the Atlantic Ocean; and    American Express, the financial services multinational, began as an express mail business.
Recognising the historical context, it should be little surprise that financial and communications regulators must in many cases operate in tandem, while adopting smart and costeffective ways to deal with risks. Today, given the current, dizzying, pace of ICT development, it is more crucial than ever that central banks and financial sector regulators are alive to these trends.