We are surprised with the particular interest of universities related to the current issues and their impact on the Albanian economy, and the large number of projects, videos and drawings that pupils and high school students have presented at the Bank of Albania. Today, we will see and award some of them. Nevertheless, I would like to point out that the participation and engagement of all participants was impressive. Concluding, I would like to thank all participants and the collaborators of the Bank of Albania in its educational initiatives and programmes, particularly for the Global Money Week. We are grateful that in this week, as participants, you have become partner of the central bank, joining us in the work to face important challenges to the society. Also, we are aware that these themes, like prudential and proactive approach to the world of finances, are a precondition for a safe and prosperous future, and the ever increasing participation in such annual activities makes as optimistic for this new generation being aware and interested for acquiring a better education. The Bank of Albania, as the central institution in these fields as well, is ready and committed to collaborate with every institution aiming at bolstering the financial literacy and financial inclusion of the public. I avail this opportunity to extend may heartiest thank you for your contribution, wishing all participants success in everything they do! 3/3  BIS central bankers' speeches
Michelle Neal: Advances in digital currency experimentation Remarks by Ms Michelle Neal, Executive Vice President and Head of Markets of the Federal Reserve Bank of New York, at the Singapore FinTech Festival 2022, Singapore, 4 November 2022. ***  As prepared for delivery Good afternoon. It is a pleasure to be here with you at the Singapore Fintech Festival. It is exciting to be a part of this gathering of industry professionals, policy leaders, and investors to discuss key developments in the fintech industry. Digital innovation has the potential to benefit the financial system writ large by reducing transaction costs, increasing competition, and broadening access to a wider range of participants. However, harnessing the full potential of financial innovation and related technologies – especially regarding cross-border settlements and payments – will require collaboration across a range of international partners. In my remarks today I will discuss the landscape of digital assets and some of the ways that the Federal Reserve System is engaging in research and experimentation that support ongoing innovation. As always, the views I express today are my own, and do not necessarily reflect those of the Federal Reserve Bank of New York or the Federal Reserve System. Digital Assets and the Federal Reserve We are all experiencing the incredible pace of growth and change within the digital asset domain, which encompasses a range of opportunities and risks.