Risks and benefits of modern financial technology; Lessons from a 17th century stablecoin Speech by Klaas Knot at the RiskMinds International seminar – day I: The Risk Regulation Summit Amsterdam, 2 December 2019 In Amsterdam, on the first day of the RiskMinds International seminar, the theme of the day was ‘The Risk Regulation Summit’.
Klaas Knot gave a speech on the risks and benefits of modern financial technology. 1  Whether you are here today as a chief risk officer, regulator, academic or, as in my case, central bank governor, we all seem to be facing the same challenge: how can we find the optimal balance between risk and benefit, in an environment riddled with uncertainty?