BOJ governor Ueda: We have seen how technology has diversified financial intermediation

• Financial industry to undergo even more transformation with the recent rise of generative AI
• A regulatory and supervisory framework that adapts to technological advancements is essential
• Need to build on insights gained from exports to fully benefit from new technology
• But technological advancements bring new risks to financial stability
• As financial services grow more diverse and complex, the channels of risk transmission have become less transparent
• And current financial regulations may not be fully equipped to manage new types of financial services

Nothing that touches on monetary policy from Ueda in this latest speech.

This article was written by Justin Low at www.forexlive.com.