German Chancellor says the digital world needs financial market regulations

Vastavam web: German Chancellor Angela Merkel said Global policymakers are facing uncharted territory as emerging technologies open new frontiers for regulation with the inter networking of smart devices and trends in the automation of factories, dubbed Industry 4.0 by German politicians.”Otherwise some provider could emerge that’s an island, and from which things could be done, relevant to security, that could destroy an entire system. On this question of the rules-based handling of it, we’re still right at the start.”
Germany wants to use its presidency of the Group of 20 major economies to develop a concrete plan on digital policy at a summit in July. Merkel pointed to an agreement by G20 nations to fight cyber attacks on the global banking system.Merkel said US and Europe needed to work together on ensuring sensible rules because standards had been very erratically set so far.