FSI paper urges supervisors to develop ‘suptech strategy’
Supervisors are well placed to benefit from technology but need a clear plan, authors say
Financial supervisors stand to gain from technological innovations but would benefit from a clear strategy on putting innovations to work, according to a paper published by the Basel-based Financial Stability Institute.
Dirk Broeders and Jeremy Prenio assess the current landscape of so-called suptech in their paper, published on July 16. Suptech is being deployed as a means of more efficient data collection and data analysis, they note, covering areas such as supervisory reporting and market
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