Bali Fintech agenda Launches Global Guideline
The guideline consists of 12 policy elements aimed at helping countries harness the benefits and opportunities of fintech : (1) embrace the promise of fintech, (2) enable new technologies to enhance financial service provision, (3) reinforce competition and commitment to open free and contestable,(4) foster fintech to promote financial inclusion and develop financial markets, (5) monitor devolopments closely to deepen understanding of evplving financial systems,(6) adapt regulatory framework and supervisory practices for orderly development and stability of the financial system, (7) safeguard the integrity of financial syatems, (8) modernize legal frameworks to provide an enabling legal landscape, (9) ensure the stability of domestic monetary and financial systems, (10) develop robust financial and data infrastructure to sustain fintech benefits, (11) encourage international cooperation and information-sharing, and (12) enhance collective surveillance of the international monetary and financial system
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