After the global financial crisis, the powers and activities of central banks have broadened, including explicit roles in contributing to financial stability. This raises a number of questions: How to balance the new roles, mandates and potential conflicts of interest? How do financial stability, macro-and microprudential objectives and price stability interact?
We are aiming to put innovation at the centre of our approach to regulation and supervision, both in how we enhance our own operational capabilities and also in how we harness the benefits and mitigate the risks arising from innovation within firms and the financial sector as a whole.