The Committee continues to  BIS Review 95/2007  3  monitor the situation and will act as needed to limit the adverse effects on the broader economy that may arise from the disruptions in financial markets. Beginnings: mortgage markets in the early twentieth century Like us, our predecessors grappled with the economic and policy implications of innovations and institutional changes in housing finance.
However, given all the well-known interconnections 4  between operators in the market, the repercussions of technological innovation on the system’s stability are not clear. Public institutions like central banks and other financial supervisory authorities should examine the matter carefully. The Bank of Italy has created an internal multidisciplinary team on Big Data, Machine Learning and Artificial Intelligence.