RegTech and SupTech: New Opportunities in Reporting, Regulation and Supervision

RegTech and SupTech Seminar

RegTech and SupTech: New Opportunities in Reporting, Regulation and Supervision

Chair: Kimmo Soramäki, CEO, Financial Network Analytics


November 26 - Disruptive Innovation: The State of the Art

  • Implications and opportunities of the evolving regulatory and supervisory landscape
    • The state of the start of national and international regulatory and supervisory regimes
    • Key political and economic forces shaping the work of regulators and supervisors
    • Unavoidable risks, critical challenges and emerging opportunities
    • Discussion: how to supervise technological innovation?
  • RegTech and SupTech: technological foundations in 2019
    • Evolution of financial, regulatory and supervisory technology
    • The impact of RegTech and SupTech on the financial services industry
    • Overview of 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
  • Machine readability in regulation and supervision: where are we? and where are we going?
    • The state of the art of machine-readable regulation
    • Opportunities and challenges for risk-based supervision, data quality assessment, and closing of the gap between regulatory intention and interpretation
    • The emerging role of cognitive compliance
    • Discussion: does machine-executed regulation represent a realistic and desirable goal?
  • Workshop: visualising systemic risk
    • Methods and practices for combining available technologies and digital platforms for visualising different types of systemic risk
    • Tips to effectively analyse complex financial data and filter signal from noise
    • Management of key operational and ethical risks and challenges
    • Hands-on exercise: mapping of cross-holdings between financial institutions and identification of early warning indicators

November 27 - Adding Value: Combining Good Global Practice with Local Learnings

  • Using Big Data for nowcasting macro-economic indicators
    • Overview of emerging trends in regulatory Big Data
    • Opportunities and challenges of Big Data applications for financial stability and systemic risk analysis
    • Examples of good practice in combining Big Data from the internet, administrative and commercial sources
    • Case study: use of Big data in autoregressive now-casting models
  • Making the most of Machine Learning, DLT and Cloud in risk-based reporting
    • Key features of effective risk-based supervision frameworks and strategies
    • The impact of APIs (Application Programming Interface) and software platforms on regulatory value chain
    • The role of Machine Learning, DLT and Cloud in market surveillance and risk prediction
    • Tips for effective management of sensitive issues in the areas of security standards and confidentiality
  • SupTech for effective supervision of systematically important financial institutions
    • Overview of the D-SIB (domestically systemically important) and G-SIB (global systemically important) frameworks
    • Examples of RegTech and SupTech applications for D-SIB and G-SIB identification and continuous oversight
    • Implications for cooperation between the regulator and the regulated
    • Tips to overcome issues of cross-jurisdiction communication and coordination
  • Workshop: RegTech and SupTech for AML and anti-fraud
    • Key financial crime risks of the digital era
    • Examples of Blockchain and Machine Learning applications in KYC and KYCC
    • The role of international and public-private cooperation and coordination
    • Hands-on exercise: automated vs. manual Fraud and AML investigation


November 28 - Towards Sustainability: Governance and Growth

  • Sandboxes, incubators and accelerators: coordinating innovation with regulatory compliance
    • Strategies helping innovation comply with legal and regulatory requirements
    • Issues of funding and resourcing
    • Potential for cross-jurisdictional cooperation
    • Case study: Monetary Authority of Singapore’s regulatory sandbox – success stories and steps to be avoided
  • RegTech and SupTech governance: operational arrangements and institutional organisation
    • Overview of areas where central banks and regulators need technical agility
    • Examples of strategies, frameworks and indicators to assess suitability and needs of technological toolkit
    • Tips for selection and coordination of in-house solutions with the outsourced ones
    • Case study: setting-up an interdepartmental FinTech/RegTech working group
  • RegTech for FinTech: how to regulate and supervise privately issued crypto assets?
    • Overview of key risks (and opportunities) of privately issued-crypto assets
    • Tips for effectively managing financial stability implications of ‘Bitcoins’ on both local and systemic levels
    • Examples of cross-jurisdictional regulatory and supervisory cooperation and coordination
    • Discussion: central bank issued digital currencies as an alternative to Bitcoin
  • Delegate action points and course conclusion
    • Summary of the training course
    • Discussion of the observed trends and case studies 
    • Application of learning points in the delegates’ home organisations
    • Preparation of action points