4/5  BIS central bankers' speeches  21. With increased digitisation and development of FinTech, the traditional ways of credit evaluation are expected to be replaced by new-age credit evaluation methods that focus on a slew of non-financial and reliable transactional data.
There is now a new focus on financial regulation and this includes, in particular, more emphasis on the consumer. There is also growing recognition internationally of the desirability of all financial institutions being supervised by a single regulator as is now the case in Ireland.