Regulators around the globe are eyeing tech to boost financial stability
Enhanced supervisory technology (SupTech) with strong governance and skilled human oversight could well have important benefits for financial regulators around the in efforts to increase economic stability in their nations and around the globe, said a report prepared for the G20.
“SupTech could improve oversight, surveillance and analytical capabilities, and generate real time indicators of risk to support forward looking, judgement based, supervision and policymaking,” regulators told the Financial Stability Board.
Importantly as well, real-time and non-traditional data may allow authorities to be more pro-active in their supervision, FSB said.
As an example of the efficiencies SupTech can provide financial regulation, the authors of the report pointed out the U.S. Securities and Exchange Commission has found
algorithms are five times better than random testing at identifying language in investment adviser regulatory filings that could merit further investigation for potential
As the globe warms, the atmosphere is becoming more unstable, but the oceans are becoming more stable, according to an international team of climate scientists, who say that the increase in stability is greater than predicted and a stable ocean will absorb less carbon and be less productive.
Stable conditions in the atmosphere favor fair weather. However, when the ocean is stable, the layers of the ocean do not mix. Cooler, oxygenated water from beneath does not rise up and deliver oxygen and nutrients to waters near the surface, and warm surface water does not absorb carbon dioxide and bury it at depth.
“The same process, global warming, is both making the atmosphere less stable and the oceans more