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- Finance and Fintech
Technology is disrupting finance, both in markets and intermediation, posing challenges for regulators and the private sector alike. Many questions arise, not least of which is what the benefits and costs of the application of digital technology in finance are. Digital technology presents formidable tests for incumbent financial intermediaries, firms and exchanges, as well as regulators. Prominent issues are the suitability of central bank digital currencies (CBDCs); the trade-offs involved in the massive use of data in terms of efficiency, privacy and market power; and the changes provoked by the electronification of financial markets.