Public Lecture

Innovation is the life-blood of financial markets. Today, more than ever, technological advances provide the underpinning. New products, applications, processes, players and even markets continue to debut: from decentralized payment and settlement systems to virtual currencies, proprietary computer algorithms, high speed trading, robot advisors, blockchain, big data and alternative lending and capital markets made possible by crowd funding. They provide the promise of a wider opening of the financial market to a bigger audience, with better services and products and at lower costs. Yet, due to its very nature, innovation can pose unprecedented challenges and risks to the financial system, market infrastructure and existing players. History has demonstrated that as innovations bring growth and efficiency, it can also make the financial market vulnerable and fragile.  FULL DETAILS