second, it means no preferential treatment for london beyond existing equivalency arrangements ; this could possibly be improved slightly, as currently planned by the commission. this brings us to my third point : some new capacity will have to be created in the eu, and at the same time the internal market has to be deepened in terms of financial integration. what should happen is that national and regional efforts should be consolidated under the umbrella of a common european strategy to deepen and modernise the internal market for financial services. i firmly believe that digitalisation holds the key to our success. we are all familiar with examples of how smart digital applications have helped to make buying and selling more transparent ( e. g. comparison websites ), to break down language barriers ( e. g. translation services ), to overcome information problems and to build trust ( blockchain applications ). ultimately, the continental financial centres need a strong digital market infrastructure that makes full use of all new digital possibilities. only then they can effectively overcome fragmentation. to sum up, it is my firm view that deepening and modernising the european internal market is the best economic strategy to counter the geopolitical challenges posed by brexit. which brings us to the new european commission. the team of ursula von der leyen will officially go to work in brussels on 1 november 2019. they will shape how the eu approaches our economy ’ s biggest challenges, and they can decisively shape the financial market strategy. von der leyen has nominated valdis dombrovskis for the important role of executive vice3 / 5 bis central bankers'speeches president for an ‘ economy that works for people ’. as such, he will lead the work on deepening economic and monetary union. von der leyen has set the goal for dombrovskis, namely that “ europe ’ s social market economy helps ensure that social fairness and prosperity go hand in hand ” ( quote from ursula von der leyen ’ s mission letter to valdis dombrovskis ). it should also be climate - neutral and work within the ecological boundaries of the planet. the mission letter states the following goals : “ to preserve and improve financial stability, protect savers and investors and ensure the flow of capital to where it is needed. ” to achieve these goals she has identified eight crucial priorities. the new commission aims : to complete the banking union, to speed up the work towards a capital markets union to diversify sources of finance for companies and tackle the barriers

to join forces and discuss their vision, strategy and activities. and we can learn from each other in international fora and at seminars like this one in amsterdam. conclusion i've described how digitisation can be an important driver in taking financial inclusion to the next level. i've said that good access to the payments system and financial services is not something that can be taken for granted. not even in a developed economy like the netherlands. where almost everyone has a bank account. the digital revolution will continue to transform our world. we must not let the most vulnerable groups in our society get left behind. so they can still enjoy access to finance. i'm sure you'll agree that this is our moral duty. by stimulating good cooperation between all stakeholders, and by doing all of this we move one step closer to a world in which the sdgs have been achieved! thank you very much for listening.