As famous by Demirgüç-Kunt and Levine, together monetary markets and financial institutions contribute to financial progress; the relative mixture of the 2 doesn’t seem like an essential think about progress. Promote multidisciplinary dialogue between policy makers and the business at nationwide and worldwide stage, including whether the application of present guidelines is sufficient to cater for rising dangers linked to the innovative nature of such technologies. Given the convenience of cross-border provision of financial providers, dialogue between the totally different stakeholders involved should be fostered and maintained at domestic and international ranges. There is a role for multilateral organisations in facilitating such dialogue and sharing greatest practices among countries.
