Promoting innovation while guarding against financial stability risks − speech by Randy Kroszner
Why this matters
This speech discusses the need to promote innovation in the financial sector while also guarding against financial stability risks. It covers topics related to prudential requirements, technology and cyber risks, as well as authorization and licensing for financial firms. The speech is relevant for banks, asset managers, and wealth managers.
AI-generated classification rationale, not a full analysis. Verify with the original BoE source before acting. Full disclaimer.
What the BoE said
Given at the 20th High-level meeting on financial stability and regulatory and supervisory priorities (jointly organised by the Arab Monetary Fund, the Basel Committee on Banking Supervision and the Financial Stability Institute of the Bank of International Settlements).
Published by BoE . Read the full notice at the source for the authoritative text.
Context
Bank of England (BoE) — UK central bank overseeing monetary policy and financial stability. We track 247 updates from them.
Financial services regulation in the UK, primarily overseen by the FCA and PRA. Browse all United Kingdom updates.
This update is classified under Prudential / Capital Requirements, Technology & Cyber, Authorisation & Licensing and Banking & Credit.