Pointing out that a central bank's typical objectives of monetary and financial stability emerged from an early role in settling claims between banks, he observes that over time the financial infrastructure has broadened and deepened, stretching beyond the traditional locus of central bank influence. And it continues to evolve, with ever faster technological and financial innovation, regulatory change and the globalisation of banking reshaping the infrastructural landscape, exposing new sources of risk and posing fresh policy challenges.
Published on 12 November 2007
// News // Minutes
Minutes of the Wholesale Distribution Steering...
Minutes of the Wholesale Distribution Steering Group - October 2019
// News // News release