What would be more apt, then, to network at a joint reception to which you are now all cordially invited. Join me there in celebrating the successful migration of the German market to T2S. Thank you for your attention. 4/4  BIS central bankers' speeches
At the other end of the spectrum there is the 'status-quo' approach that aims to maintain the existing framework without any relaxation to cater for new developments. Under this approach, fintech product and services are regulated in the same way as the traditional financial product or service.