BIS General Manager Jaime Caruana said that while it may seem that “keeping one’s house in order” is good defense, having a policy mindset of also taking into account spillovers of one’s actions may lead to improved overall welfare. After all, we share the same space, so to speak, and the same spillovers may “spill back” to one’s economy.
Yves Mersch: Yves Mersch: Lending and payment systems in upheaval - the fintech challenge Speech by Mr Yves Mersch, Member of the Executive Board of the European Central Bank, at the 3rd annual Conference on Fintech and Digital Innovation, Brussels, 26 February 2019. * * * Fintech is nothing new.