This white paper captures insights from a July 2024 roundtable among industry leaders in Supervisory Technology from central bank agencies, technology companies serving them and industry association perspectives. It explores the current challenges, collaboration opportunities, technological adoption, and future directions in Supervisory Technology.

Key themes include the alignment of technological capabilities with regulatory frameworks, the necessity of collaboration between public and private sectors, and the cultural shift required for effective technology adoption. The discussion was held under the Chatham House rule so therefore no individual or organisation is explicitly identified in this content.

Introduction

This white paper refers to Sup Tech (short for Supervisory Technology) as technology adopted and embraced by financial supervisors and regulatory agencies in their supervision, monitoring and ensuring systemic stability of the financial system.

Sup Tech plays a critical role in the financial industry's regulatory landscape by providing technology tools for regulatory/central financial agencies in managing and monitoring systemic financial supervisory risks.

The roundtable explored the opportunities and challenges faced by regulators and supervisors, the importance of collaboration, the cultural and technological shifts needed, and the future directions for these fields. The discussions emphasised the importance of vision, execution, and fostering a culture of innovation.

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Read the report here: https://www.elevandi.io/insights/the-art-of-the-possible-for-suptech