Lars Rohde: The future of money and banking

Speech by Mr Lars Rohde, Governor of the National Bank of Denmark, at the Aarhus Symposium 2017, Arhus, 3 November 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Thank you for inviting me to speak about future changes and challenges in the financial sector.

Today, I will present you three key messages from a central bank point of view:

Slide 2: Key messages

1. Digitisation and globalisation will increase innovation and competition in the financial sector which is very positive. It will also create new threats to the financial system, such as cyber-attacks. Thus, the operational risks of yesterday are not the same as the operational risks of today and tomorrow.