Planning for the Financial System

Several regulatory initiatives have emerged recently in a number of countries and here you have China or the EU and the US. These are specifically in the areas of competition, data, conduct of business, operation, resilience and financial stability. So I would say that now is a good time for policy makers to rethink their current policy approach. And maybe to close with a proverb it's better to build a fence at the top of a cliff than to have an ambulance waiting at the bottom.