Carstens: regulators must promote ‘orderly assimilation’ of tech

Agustín Carstens

Regulators must be vigilant to ensure technological change does not upend the financial system, Agustín Carstens said on October 30.

The general manager of the Bank for International Settlements (BIS) emphasised the likely benefits of technological change during his remarks in Nassau.

But Carstens also said fintech could pose risks to the “adequate functioning” and even, given enough time, “the integrity and stability of the financial system”.

He maintained his tough stance on crypto assets,

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: