The digitalization of finance and the transformation of the financial value chain—including widespread outsourcing of critically important roles to cloud service providers, a practice financial institutions increasingly employ—generate unprecedented patterns of dependencies and risks. Beyond operational imperatives, policymakers need to think holistically about what these new features mean for systemic risk and its appropriate mitigation.
Joining this episode of Financial Statements were:
Senior Fellow, Peterson Institute for International Economics (PIIE)
Founder, Market Integrity Solutions
Senior Director, Innovation & Cybersecurity, European Banking Federation
About This Series
Financial Statements is a biweekly virtual event series hosted by Nicolas Véron that explores changes in the world of finance, encompassing themes of financial services regulation, corporate finance and governance, systemic fragility and crises, and structural changes driving business and policy trends in the financial sector.