TY - JOUR
TI - Legal Framework for Risk-based Banking Supervision in the Digital Age
AU - Artemenko, Dmitry
AU - Bychkova, Irina
TI - Legal Framework for Risk-based Banking Supervision in the Digital Age
AB - 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.
VL - 2020
IS - Issue 19 (3)/ 2020
PY - 2020
C1 - 2299-6834
SP - 81
EP - 102
DO - 10.4467/22996834FLR.20.016.12751
UR - https://ejournals.eu/en/journal/financial-law-review/article/legal-framework-for-risk-based-banking-supervision-in-the-digital-age
KW - risks
KW - digitalisation
KW - banking
KW - supervision