On the one hand, we want to enable digital innovation, harnessing its potential for financial stability. On the other, we have to keep an eye on potential risks arising from digital transformation. It is our job to supervise all risks to financial stability. Be assured that central banks are looking out for this.
In other words, it hasn’t been all that quiet. But it is precisely when something is behaving not quite the way it is expected to, that the market should be watchful and regulators even more so. Global developments I don’t have to deal lengthily into the global events that have gripped us this year.