I believe that the following three proposals could serve to strengthen regulatory approaches to FinTech developments. These are:  i.  focusing analysis on activities involving financial services rather than on firms or technologies;  ii. continuing collaboration between local and global regulatory authorities; and  iii.
One of the key ways to reduce that uncertainty would be to continue our communication with the industry broadly, and with institutions individually, during the entire implementation process. Certainly, as we move closer to implementation, supervisory oversight of the Basel II implementation methodologies by our examination teams will increase.