Introduction

Big Tech Sir can potentially reach a systemic footprint in the financial system and may even become too big to fail. We think it would be a good idea for regulators and central bankers to prepare now so that they are in a position to predict when this is needed. It's better to build a fence at the top of a cliff than to have an ambulance waiting at the bottom. And so probably now is a good time to consider what the fence should look like.