On 8 September, the Central Bank published a speech by Gareth Murphy (Director of Market Supervision) on regulatory perspectives on financial technologies. It was noted that technology is changing the risks that financial authorities face, especially systemic risk and that cyber-security is currently a focus for the Central Bank in light of the increased incidence of attacks on personal and corporate IT systems globally. Mr. Murphy spoke about new distribution technologies, identity verification technologies, and new technologies for registering ownership of assets and the challenging questions raised in respect of existing models of regulatory engagement. Mr. Murphy concluded by noting that in light of financial authorities' mandate to safeguard stability and consumers and the rate at which technological change is affecting the nature of financial services, capability must be created to take timely and proportionate action, where necessary. Mr. Murphy also noted the need for financial authorities to adapt to face the significant challenges of resourcing, co-ordination and organisation.