Data sharing could curb big tech dominance – FSB

data screen

Regulators will need to rethink how data is shared among financial sector participants should a greater number of big tech firms enter the market, a report from the Financial Stability Board (FSB) advises.

The permeation of big tech firms in finance has the potential to bring benefits for both the efficiency and breadth of financial services. But there are also risks for financial stability that cannot be ignored, the report says.

Competition is a key concern, the FSB notes in its paper,

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: