Regulators Eyeing Tech To Boost Financial Stability

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

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