One can ask this question of a number of fields which adopt cutting-edge technology, such as Formula 1 racing or America’s Cup sailing, where the social benefits are not always immediately apparent, but have led to technological  BIS central bankers’ speeches  5  improvements that have benefited society.
I anticipate we will hear similar, and perhaps additional concerns, from a variety of perspectives when the federal banking agencies issue a proposed rule next year to implement the NSFR in the United States. This process should result in a regulation that reduces the probability of banks coming under short-term funding pressures.