The recent wave of financial innovation, based on the opportunities digitalisation offers, can benefit customers of financial services and increase competition and contestability in the financial system. It can also facilitate the task of prudential authorities through, for example, the processing of large datasets. However, besides benefits, technological innovation can also bring new challenges. How is technological innovation reshaping systemic risk? What are the key priorities for regulation and how could macroprudential policy mitigate new sources of systemic risk?

Chair: Cecilia Skingsley, Head, BIS Innovation Hub, Bank of International Settlements

Panellists:
Michael Leibrock, Managing Director, The Depository Trust and Clearing Corporation
Nellie Liang, Under Secretary for Domestic Finance, U.S. Treasury Department
Andrea Maechler, Member of the Governing Board, Swiss National Bank
Xavier Vives, Professor of Economics and Financial Management, Director of the Banking Initiative, IESE Business School, University of Navarra

Find out more here: https://www.esrb.europa.eu/news/schedule/2022/html/20221208_6th_annual_conference.en.html