In a recent interview with Central Banking, Fernando Restoy, Chair of the Financial Stability Institute (FSI), discusses how the FSI has shifted its focus to address emerging financial stability risks and regulatory challenges.
When Restoy joined the FSI in 2017, it was primarily focused on providing training to financial supervisors. Since then, the FSI has expanded beyond training to focus on policy work, particularly related to technology, crisis management, and core supervisory issues. "Technology and its impact on the financial system became a core part of our policy," Restoy explains, citing work on AI, fintech, and stablecoins.
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