I believe that a recipe for dynamic best practices involves enhancing the role of market discipline, reforming international capital standards, and improving supervisory practice. * * *  This BIS Review is available on the BIS Website (www.bis.org). _____________________________  BIS Review 87/1998
People have always gambled in different ways: casting lots, rolling dice, betting on animals or playing cards. And in the digital era I expect them to continue gambling by taking speculative positions on crypto-assets. We therefore need to mitigate the risks, while harnessing the innovative potential of digital finance beyond cryptos. There are two elements to this.