Course introduction

Course introduction session led by the chair

• Introductions and welcome from the chairperson
• Overview of the training course
• Discussion of the participant expectations

Overview of the foundations of regtech and suptech

• Evolutionary journey of financial, regulatory, and supervisory technology
• How has regtech and suptech impacted the financial services industry?
• Identifying key technologies in the areas of DLT, big data analytics, machine learning and cloud computing
• Examples of applications in regulatory reporting and compliance risk management

Fintech: implications and opportunities for central banks

• Overview of key fintech applications
• Key characteristics of effective frameworks for supervision of technological innovation
• Implications and opportunities for central banks and their institutional organisation
• Cooperation and coordination with the private sector

Supervision of fintechs: challenges and risks

• The role of central banks in the fintech ecosystem
• How to frame an oversight framework capable of capturing the activities of fintechs
• Increasing international cooperation between banking supervisors and relevant authorities
• Lessons learnt and practices for interactions with fintechs

Applying suptech to payments & alternative data to support risk analysis

• Overview of key trends and development within suptech analytics
• Examples of alternative & payments data - and their integration into supervisory and risk analysis
• Tips for successfully combining proprietary data with publicly available datasets
• Case studies and practical demonstrations

Workshop Part I: how can technological innovation enhance supervision?

In this session, the chair will introduce the topic. There will be three separate groups each discussing tools they are using and the challenges around these tools in their respective banks.

Workshop Part II: how can technological innovation enhance supervision?

In this session, each working group will report back on the discussion of their group. Each group will have 20 minutes.

Utilising software platforms and APIs in risk-based reporting

• What key features are necessary for effective risk-based supervision frameworks and strategies?
• The impact of APIs and software platforms on regulatory value chain
• Roles of machine learning, DLT and cloud in market surveillance and risk prediction
• Best practice for effective management in security standards and confidentiality

Cyber risk implications of crypto assets

• Key cybersecurity risks and vulnerabilities of crypto assets
• Increased dependency on third parties creating or amplifying cyber risks
• The need for effective cyber risk management frameworks
• Discussion: can existing risk management frameworks and regulations be made use of?

Project Rio: real-time market insight for central banks

• Using new tools to monitor markets
• Utilising streaming technology to meet central bank challenges
• Live demo of Rio project

Bigtech in fintech: the new focus of regulatory attention

• Defining the features of the bigtech sector and entities
• How has bigtech impacted financial services and technology providers?
• Outline of local and cross-jurisdictional efforts focused on regulation and supervision of bigtech
• Discussion: who are the bigtechs in the participants’ home jurisdictions

Outsourcing technology and managing potential risk

• Identifying areas of outsourcing and related risks and concerns
• Specific cloud service observations
• How can exposure to these risks leave central banks vulnerable when acting as overseers/supervisors?
• Requirements to resiliency and business continuity plans to prepare and manage these risks

Closing remarks and participant action plans

Concluding session led by the chair

• Summary of the course
• Discussion of the observed trends and case studies
• Application of learning points in the participants’ home organisations
• Preparation of action points