The FSB has released a report highlighting ten issues of interest to supervisors.
The Financial Stability Board (FSB) has released a report highlighting ten issues that merit the attention of supervisors and regulators, of which the first three are put forward as priority areas for international cooperation.
The report (PDF 0.98 MB) highlighting ten issues that merit the attention of supervisors and regulators, of which the first three are put forward as priority areas for international cooperation.
Financial institutions can therefore expect at least a growing supervisory interest in their use of FinTech innovations, even if some of the underlying themes are already familiar from earlier supervisory initiatives on outsourcing, cyber security and risk governance.
In addition, this FSB report adds to an ever-growing series of papers from international standard-setters and national regulators that point clearly towards new regulatory measures in response to FinTech, even if the precise nature of such measures remains to be determined.
For more on how this will affect the asset management industry, read our technology chapter in Evolving Investment Management Regulation.
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