Financial Regulation for the Digital Age

Financial regulation is entering the digital age, converting tools and strategies from analog to digital design. In the next decade, this transformation will reach critical mass and do for regulation what digitization does for everything else—make it better, faster, and cheaper. Financial institutions and their regulators have always been active technology adopters. Both finance and...

Technologies for market conduct supervision in a new digital era

Last year, as regulators across the world were grappling with the multiple effects of COVID-19 on their economies, one movement caught the attention of many of them: record-breaking volumes of consumer complaints. This trend, consistent in high-income countries such as the United States, was also observed in low- and middle-income countries such as Colombia. This marked increase...

Regulators Eyeing Tech To Boost Financial Stability

Enhanced supervisory technology (SupTech) with strong governance and skilled human oversight could well have important benefits for financial regulators around the in efforts to increase economic stability in their nations and around the globe, said a report prepared for the G20. “SupTech could improve oversight, surveillance and analytical capabilities, and generate real-time indicators of risk...

Financial Reporting and Analysis Today: Using XBRL to Make the Process Faster and Easier

The New York Society of Security Analysts’ (NYSSA) Financial Reporting and Analysis Group hosted a program on using XBRL formatted structured SEC corporate data filings to expedite and ease financial reporting and analysis. Panelists were Mohini Singh (CFA Institute), Todd Castagno (Morgan Stanley), Pranav Ghai (CalcBench), Hal Schroeder (FASB), Mike Willis (Securities and Exchange Commission), Mark Montoya (FDIC),...