Sound Practices: implications of fintech developments for banks and supervisors issued by the Basel Committee

Sound Practices: implications of fintech developments for banks and supervisors issued by the Basel Committee

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Sound Practices: implications of fintech developments for banks and supervisors issued by the Basel Committee

By Bank for International Settlements (BIS)

In 2018, the Basel Committee on Banking Supervision (BCBS) released its definitive paper on the implications of "Fintech" for the global banking landscape. This document marks a shift in supervisory focus, acknowledging that the rapid adoption of enabling technologies—such as Big Data, Distributed Ledger Technology (DLT), and Cloud Computing—is fundamentally altering the traditional banking…

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