[14] And finally, market developments in decentralised finance should be taken into consideration. Conclusion Let me conclude. Heraclitus is said to have observed that there is nothing permanent except change. And we can certainly relate to those words in an era increasingly defined by shocks to our economy.
9  See M. O’Hara, “Liquidity and financial market stability”, National Bank of Belgium WP No 55, May 2004. BIS Review 139/2008  3  risk in a large array of asset markets during this period.