Such advances in artificial intelligence are both exceptional and admittedly, disturbing at the same time. After the initial disbelief and amazement wears off, you soon realize how destructive this technology might be if used for ill purposes. Perhaps this is the reason why there is still some resistance in fully embracing technology when it comes to providing financial services, particularly in banking.
This is a topic that definitely gets to the heart of some European countries given the underlying link with the significant increase in non-performing loans during and in the aftermath of the global financial crisis. Let me conclude. Macroprudential authorities have been increasingly active in promoting financial stability, despite facing multiple challenges throughout their relatively short existence.