FSI guidance for supervisory agencies on developing a strategy to realize the potential benefits of SupTech
Financial Stability Institute guidance outlines the experiences of early users and highlights specific considerations to develop a SupTech strategy for supervisory agencies. Sets out challenges to supervisory agencies when developing or using SupTech applications: i) increased operational risks (cyber risk, data quality, and finding the right talent); ii) computational capacity constraints; iii) management support; and iv) buy-in from supervision units. This paper outlines the experiences of early users and highlights specific considerations to develop a SupTech strategy for supervisory agencies to take advantage of these developments.
Publisher:
International Organizations
Release date:
Jul 2018
Type:
Consultative, discussion and issues paper
Topics:
Financial inclusion, Financial market infrastructure, Supervisory framework, Supervisory structures, FinTech
Sectors:
Banking, Insurance, Pensions, Securities
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