The implications of the new opportunities are far-reaching. But in addition to the economic opportunities they afford, the new technologies and specifically the Internet also, of course, harbour risks. In addition to strategic business risks, security aspects also play a key role. Supervisors are thus paying great attention to those developments and are confronted with special challenges in this area.
This was soon recognized since the unsustainability of growing current account imbalances was evident, even though variations in the value of financial assets and liabilities contributed to reducing the explosive expansion of the country’s net external position (Figure 1).