Suptech use expanded during pandemic, says BIS report
Survey of regulators finds authorities’ leadership support is vital for suptech development
Some regulatory authorities considerably increased their use of supervisory technology, or “suptech”, a new Financial Stability Institute survey finds.
Prior to the pandemic, regulatory authorities had made relatively limited use of suptech for prudential oversight, though this had been increasing. Covid-19 forced the suspension of onsite inspections, so regulators quickly expanded their use of technological substitutes, said the report, published today (December 2).
The FSI, a division of
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