Regtech & Suptech
Fintech firms could encourage regulatory risk management update – Fed’s Bowman
Some regulations may need to be changed to ensure community banks can access third-party products
MAS uses machine learning to spot market manipulation
Apollo tool uses data based on past misconduct cases to spot suspicious patterns
RBI using suptech to oversee rapidly growing fintech sector – Das
Supervisors need to undertake “accelerated off-site surveillance”, governor says
UN report questions value of fintech sandboxes
Regulators are “unprepared” for the level of effort and resources needed to launch a sandbox, but complementary policies and thematic sandboxes could be the answer
African countries leveraging data for regtech
IMF paper shows countries are looking at how to use tech to streamline supervision processes
Switzerland grants fintech firms access to interbank payment system
Federal government modified ordinance to create new licensing category on January 1
Central Banking FinTech RegTech Global Awards 2018
Winners In Focus
Insights from network analytics in suptech
With regulators leveraging technological innovations to move towards informed, data‑driven decision‑making and automation, supervisory technology is attracting enhanced interest. Kimmo Soramäki and Phillip Straley examine how regulators are gaining…
Distributed ledger technology in regulatory reporting
Satisfying regulatory demands can be made cheaper and more straightforward via distributed ledger technology as regulatory reporting has a transformational effect on the regulatory value chain. Maciej Piechocki, Moritz Plenk and Noah Bellon of…
Global regulators to collaborate on fintech sandbox
UK’s FCA unveils global network of 12 regulators that will collaborate on testing and supervising innovative technology
Suptech: More than just a new name for solving an old problem
The global financial crisis sparked a far-ranging overhaul of the international architecture for financial regulation, coupled with a deep reflection around the fitness-for-purpose and effectiveness of supervisory efforts, writes Anne Leslie-Bini.
Capitalising on regtech
Regulatory technology could prove effective in improving data reporting and supervisory monitoring, but central banks have a long way to go to making this a reality, writes Joel Clark.
FSI paper urges supervisors to develop ‘suptech strategy’
Supervisors are well placed to benefit from technology but need a clear plan, says the paper from Basel’s FSI
Bank of Lithuania lures fintech firms with e-licensing tool
Portal promises to streamline approval process as country seeks to become fintech hub
Brazil’s central bank launches fintech laboratory
Central bank partners with big tech firms to help modernise how financial services are delivered
Is this the beginning of a new era of credit risk management technology?
In the aftermath of the 2008 financial crisis, inadequate credit risk management systems have been widely held responsible by regulators for spreading the crisis’ germs all over the financial sector. As a result, a myriad of regulations affecting credit…
Dubai regulator issues ‘innovation testing licenses’ to six fintech firms
Licenses will allow firms to test products with relaxed regulatory requirements
CFTC’s fintech catch-up effort includes ‘global sandbox’ push
Chairman Christopher Giancarlo says the US derivatives regulator is seeking co-operation agreements around the world
Lagarde says tech should be used for crypto regulation
IMF managing director says it’s time to “fight fire with fire”; DLT and AI could help enforce regulation on crypto assets
ECB’s Mersch urges caution on regulatory sandboxes
The ECB board member is “not sure we have the right answers yet”
FCA to examine feasibility of global regulatory sandbox
UK regulator recommends establishing a “college” of regulators to strengthen co-operation across borders; interested parties have until March to comment
Sarb unveils new fintech push
South Africa’s central bank to investigate DLT usage for clearing and settlement; fintech roadmap will examine crypto regulation
UK’s FCA claims success after first year of ‘sandbox’
Regulatory ‘sandbox’ has had high success rate, but there have been some issues, says regulator
Fintech has potential to lower cost of financial services – paper
BIS research highlights continued inefficiencies in current financial services system; fintech could alleviate costs but only if regulation permits it to do so