• Basel Committee on Banking Supervision Consults on Implications of Fintech Developments for Banks and Bank Supervisors

  08/31/2017
  The Basel Committee on Banking Supervision has issued a consultative document on the implications of fintech for the financial sector. The consultation document assesses how technology-driven innovation in financial services, or "fintech", may affect the banking industry, banks' business models and the activities of supervisors in the near to medium term.
  
  The Basel Committee has identified 10 observations and recommendations on supervisory issues for consideration by banks and their supervisors, which focus on risk management and the approaches that could be adopted to address the risks. The consultation considers various future potential scenarios - in addition to the banking industry scenarios, three case studies focus on technology developments (big data, distributed ledger technology and cloud computing) and three on fintech business models (innovative payment services, lending platforms and neo-banks). Responses to the consultation are requested by October 31, 2017.
  
  View the consultation paper.
  
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  Topic: FinTech
  

Links & Downloads

• View the consultation paper.