Fintech Sound Practices by the Basel Committee on Banking Supervision on the implications of fintech for the financial sector
The Basel Committee on Banking Supervision released on August, 31st 2017 a consultative document on the implications of fintech for the financial sector. Sound practices: Implications of fintech developments for banks and bank supervisors assesses how technology-driven innovation in financial services, or "fintech", may affect the banking industry and the activities of supervisors in the near to medium term. The Committee has identified 10 key observations and related recommendations on the supervisory issues for consideration by banks and bank supervisors. Comments on all aspects of this consultative document can be uploaded by Tuesday 31 October 2017 via the following BCBS link. In parallel, an outreach meeting will be held on October 20th at ACPR premises in order to collect views from various stakeholders on the fintech sound practices.
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- Published on 10/02/2017
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Updated on: 06/12/2018 10:29