Bank of Japan Governor Haruhiko Kuroda warned that financial technology (Fintech) could disrupt the banking system in developed economies, highlighting the challenges of regulating new entrants in the industry. He emphasized the potential for financial crises to lead to economic and political instability, drawing on Japan's past experiences. Central banks must remain vigilant against rising cybersecurity risks, as echoed by Bank of England Governor Mark Carney at the World Economic Forum.
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