Some of the  BIS Review 16/2010  1  transmission channels are not so familiar. For example, we now know that even differences in regulatory regimes can trigger arbitrage based action and dilute the efficiency of domestic policies. 6. Is the challenge posed by globalization similar for all central banks?
1/4  BIS central bankers' speeches  I could go on about the benefits that FinTech brings, but… I suppose there is no need to prove the obvious, so let us now move to the challenges. FinTech calls for increased flexibility Financial innovations alter the way the whole financial system functions.