{"id":17666,"date":"2024-06-25T18:34:15","date_gmt":"2024-06-25T18:34:15","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=17666"},"modified":"2024-06-25T18:34:15","modified_gmt":"2024-06-25T18:34:15","slug":"new-basel-report-highlights-digital-finance-risks-and-benefits","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/new-basel-report-highlights-digital-finance-risks-and-benefits\/","title":{"rendered":"New Basel Report Highlights Digital Finance Risks and Benefits"},"content":{"rendered":"<p>The Basel Committee has published its <em>Digitalization of Finance<\/em> report on the implications of digital finance for banks and supervision. Building on a 2018 report, it highlights benefits and risks of AI, distributed ledger technology and cloud computing. The report also identifies 8 key implications for banks and supervisors, focusing on macro-structural elements, digitalization themes and capacity building. Furthermore, it stresses the need for robust governance, risk management and regulatory measures to address new vulnerabilities and system-wide risks. The Committee will continue monitoring digital finance developments and develop new standards or guidance recommendations.<\/p>\n<p>Read the <a href=\"https:\/\/www.bis.org\/bcbs\/publ\/d575.pdf\">full report here<\/a>.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-17666 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='An overview of biometrics in the former Soviet Union'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/an-overview-of-biometrics-in-the-former-soviet-union\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/02\/an-overview-of-biometrics-in-the-former-soviet-union-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14550\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14550'>\n\t\t\t\tAn overview of biometrics in the former Soviet Union\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Video panel: the future of finance'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-panel-the-future-of-finance\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/07\/The-Future-of-Finance-Leveraging-Digital-Transformation-for-Business-Continuity-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15105\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15105'>\n\t\t\t\tVideo panel: the future of finance\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Self-boarding of corporate clients becoming more popular'>\n\t\t\t<div class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/self-boarding-of-corporate-clients-becoming-more-popular\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Self-boarding-of-corporate-clients-becoming-more-popular-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-6801\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Self-boarding-of-corporate-clients-becoming-more-popular-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Self-boarding-of-corporate-clients-becoming-more-popular-100x100.jpg 100w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-6801'>\n\t\t\t\tSelf-boarding of corporate clients becoming more popular\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Basel Committee has published its Digitalization of Finance report on the implications of digital finance for banks and supervision. Building on a 2018 report, it highlights benefits and risks of AI, distributed ledger technology and cloud computing. The report also identifies 8 key implications for banks and supervisors, focusing on macro-structural elements, digitalization themes &hellip;<\/p>\n","protected":false},"author":12,"featured_media":17667,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17666"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=17666"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17666\/revisions"}],"predecessor-version":[{"id":17669,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17666\/revisions\/17669"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/17667"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=17666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=17666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=17666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}