Prudential Supervisory Disclosure (PSD) with Supervisory Technology (SupTech): Lessons from a FinTech Crisis

Prudential Supervisory Disclosure (PSD) with Supervisory Technology (SupTech): Lessons from a FinTech Crisis

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Prudential Supervisory Disclosure (PSD) with Supervisory Technology (SupTech): Lessons from a FinTech Crisis

The U.S. financial markets faced an unprecedented rapid decline and recovery on May 6, 2010, known as the May 6 flash crash. Roughly one trillion $ market value in less than thirty minutes vanished with the biggest one-day point decline in the history of the DJIA at the time.

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