I will cover: Page | 1  The need for resilience in the face of disruption: Regulatory expectations in the Digital World  -  the importance of understanding the role technology plays in value chains and the implications should something go wrong;  -  the need to get the basics right when it comes to IT;  -  the criticality of taking a data-centric view to understand key assets, and thus how to protect them; and  -  the responsibilities of the senior management and boards of financial services firms to own these critical risks and to build resilience in their firms to be able to withstand, absorb, and recover from technology-related risks.
In covering the above, I will also summarise how the Central Bank is continuing to evolve its approach to regulation and supervision in the context of technological change. The Implications of the Digitalisation of Financial Services “Artificial intelligence and exponential increases in computing power are forcing firms to reexamine how they do business. The financial services industry is no exception.