As an example CBCS has recently been entrusted with the supervision of Securities Intermediaries and Asset Managers. • Embrace innovation and capitalize on Fintech products and services. In this respect CBCS has installed an Innovation platform in which different CBCS experts are represented that functions as sparring partner for different investors in this respect.
Analysis The same spirit of self-reflection should guide the FSB’s efforts in other policy areas. Stakeholders trust the FSB to undertake thoughtful, detailed work on emerging risks to financial stability. Yet identifying those risks before a crisis means dealing in uncertainty, and making policy on evolving issues, where no one can claim complete expertise.