{"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='Mobile banking trends in Eastern Europe and Central Asia'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/mobile-banking-trends-in-eastern-europe-and-central-asia\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/09\/Mobile-banking-trends-in-Eastern-Europe-and-Central-Asia-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-6780\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/09\/Mobile-banking-trends-in-Eastern-Europe-and-Central-Asia-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/09\/Mobile-banking-trends-in-Eastern-Europe-and-Central-Asia-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-1-6780'>\n\t\t\t\tMobile banking trends in Eastern Europe and Central Asia\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Central Banks\u2019 Rising Interest in Blockchain Technology'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/central-banks-rising-interest-in-blockchain-technology\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/01\/bad4b981-5a72-4590-815f-e7d7e078d08b1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15713\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15713'>\n\t\t\t\tCentral Banks\u2019 Rising Interest in Blockchain Technology\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Infographic: artificial intelligence &#8211; catalyst of the next industrial revolution'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/infographic-artificial-intelligence-catalyst-of-the-next-industrial-revolution\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/01\/b877defe407b1724ae6fb1b45a99a696-1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8001\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8001'>\n\t\t\t\tInfographic: artificial intelligence &#8211; catalyst of the next industrial revolution\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}]}}