Such information and guidance can best be delivered by appropriate mechanisms and if such effective mechanisms are put in place through the banks, they in turn would reinforce the demand for financial services. Another impediment is the difficulty or the lack of ease of addressing issues that affect a common man.
But at least the times where the sovereign debt crisis required the full attention of policy makers, regulators and bank-supervisors is behind us. We are now able to turn some of our attention to other important issues. One such issue is certainly the digitalization of finance. The Bundesbank has put this topic on the agenda of the G20 during Germany’s presidency last year.