Innovative technology in financial supervision (suptech): The experience of early users

Dirk Broeders, Jermy Prenio

Research output: Book/ReportReportProfessional

Abstract

Supervisory technology (suptech) is the use of innovative technology by supervisory agencies to support supervision. It helps supervisory agencies to digitise reporting and regulatory processes, resulting in more efficient and proactive monitoring of risk and compliance at financial institutions. A number of supervisory agencies are already using innovative ways to effectively implement a risk-based approach to supervision. Now, technological progress as well as data availability offers the potential to radically improve existing supervisory tools or develop better ones through suptech applications.
Original languageEnglish
PublisherFinancial Stability Institute/Bank for International Settlements
Number of pages29
EditionNo. 9
ISBN (Electronic)978-92-9259-184-7
ISBN (Print)978-92-9259-183-0
Publication statusPublished - Jul 2018

Publication series

SeriesFSI Insights on policy implementation
Number9

Cite this

Broeders, D., & Prenio, J. (2018). Innovative technology in financial supervision (suptech): The experience of early users. (No. 9 ed.) Financial Stability Institute/Bank for International Settlements. FSI Insights on policy implementation, No. 9 https://www.bis.org/fsi/publ/insights9.pdf