As financial systems and technologies evolve, the role of central banks has expanded beyond traditional stability mandates to include financial inclusion and the oversight of digital financial services (DFS). Promoting competition by enabling the entry of new, innovative players like FinTechs and BigTechs is increasingly seen as a priority for deepening financial inclusion, yet it can appear to sit in tension with primary goals of maintaining financial stability.

This session features a guest presentation by Beatriz Marques from the OECD Competition Division on their recent publication. We will explore how to reconcile these objectives through:

• Complementarity: Understanding how intense competition can actually enhance systemic resilience.
• Proportionate Frameworks: Exploring tailored capital and licensing requirements for diverse institution types.
• FinTech & DFS Dynamics: Analysing how digital entrants reshape the landscape and the associated prudential and third-party risks.
• Orderly Exit: Discussing resolution mechanisms that prevent anti-competitive emergency mergers.