Legal Framework for Risk-based Banking Supervision in the Digital Age
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RIS BIB ENDNOTELegal Framework for Risk-based Banking Supervision in the Digital Age
Publication date: 29.09.2020
Financial Law Review, 2020, Issue 19 (3)/ 2020, pp. 81 - 102
https://doi.org/10.4467/22996834FLR.20.016.12751Authors
Legal Framework for Risk-based Banking Supervision in the Digital Age
This contribution deals with the system of financial and economic relations, which is evolving due to supervision of digital financial products and services (DFSP). The article presents an overview of the most relevant DFPS and supervisory tools and practices. The contribution aims at analysing an available supervisory toolbox used in different countries. In order to achieve the aim, such methods as logical, systematic functional and situational analysis, as well as grouping and monographic methods, were employed. Digitalisation may boost competition, efficiency and profitability of banking sector and bring benefits to financial entities and customers. Nevertheless, it also carries certain risks posing major challenges to supervisory authorities. They have to find a balance between securing financial stability, protecting customers and fostering innovation.
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Information: Financial Law Review, 2020, Issue 19 (3)/ 2020, pp. 81 - 102
Article type: Original article
Department of State, Municipal Finance and Financial Engineering, Higher School of Business, Southern Federal University, Rostov-on-Don, Russia
Department of State, Municipal Finance and Financial Engineering, Higher School of Business, Southern Federal University, Rostov-on-Don, Russia
Published at: 29.09.2020
Article status: Open
Licence: CC BY-NC-ND
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EnglishView count: 597
Number of downloads: 703