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.
|Publisher||Financial Stability Institute/Bank for International Settlements|
|Number of pages||29|
|Publication status||Published - Jul 2018|
|Series||FSI Insights on policy implementation|
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