BIS’s Carstens sees danger in rapid technological change
General manager says supervisors should ensure banking system remains resilient
Supervisors should work to ensure core of the traditional banking system remains resilient in the face of many threats to its traditional business model, the Bank for International Settlements’ Agustín Carstens urged in a recently released speech.
A “new era” of technological change was throwing up risks from cyber security to consumer protection and credit provision, the BIS general manager said in December, according to a transcript released on February 14.
“While there is likely to be
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