Financial Sector Supervision in Digital Age: Transformation in Progress
The paper aims at the identification and analysis of major issues facing financial sector supervision resulting from the digitalization of financial markets and the digitalization of supervisory architecture with the tool box applied. It is based on the desk research using foremostly industrial stud...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2022-04-01
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| Series: | Foundations of Management |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/fman-2022-0002 |
| _version_ | 1811171441980211200 |
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| author | Monkiewicz Jan Monkiewicz Marek |
| author_facet | Monkiewicz Jan Monkiewicz Marek |
| author_sort | Monkiewicz Jan |
| collection | DOAJ |
| description | The paper aims at the identification and analysis of major issues facing financial sector supervision resulting from the digitalization of financial markets and the digitalization of supervisory architecture with the tool box applied. It is based on the desk research using foremostly industrial studies which provide necessary information on the current international accomplishments and plans. The paper indicates a growing application of new supervisory tool box and digital-based suptech instruments. It is reinforced by increased digitalization of supervisory analytics, application of big data, and artificial intelligence. Digitalization involves additionally changing relationships between supervisors and supervised entities. The findings of the paper allow for better understanding of the necessary adaptive actions to be taken by both supervisors and supervised entities. The issues raised by the paper are poorly documented by current research and may constitute a contribution to further research in the area. |
| first_indexed | 2024-04-10T17:14:07Z |
| format | Article |
| id | doaj.art-96df1dd4dcc246bb8c18969b720de26e |
| institution | Directory Open Access Journal |
| issn | 2300-5661 |
| language | English |
| last_indexed | 2024-04-10T17:14:07Z |
| publishDate | 2022-04-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Foundations of Management |
| spelling | doaj.art-96df1dd4dcc246bb8c18969b720de26e2023-02-05T18:56:42ZengSciendoFoundations of Management2300-56612022-04-01141253610.2478/fman-2022-0002Financial Sector Supervision in Digital Age: Transformation in ProgressMonkiewicz Jan0Monkiewicz Marek1Warsaw University of Technology, Faculty of Management, Warsaw, POLANDMain School of Commerce, Institute of Risk and Insurance, Warsaw, POLANDThe paper aims at the identification and analysis of major issues facing financial sector supervision resulting from the digitalization of financial markets and the digitalization of supervisory architecture with the tool box applied. It is based on the desk research using foremostly industrial studies which provide necessary information on the current international accomplishments and plans. The paper indicates a growing application of new supervisory tool box and digital-based suptech instruments. It is reinforced by increased digitalization of supervisory analytics, application of big data, and artificial intelligence. Digitalization involves additionally changing relationships between supervisors and supervised entities. The findings of the paper allow for better understanding of the necessary adaptive actions to be taken by both supervisors and supervised entities. The issues raised by the paper are poorly documented by current research and may constitute a contribution to further research in the area.https://doi.org/10.2478/fman-2022-0002supervisory systemsuptechreporting processsupervisory reportsbig data and artificial intelligence in supervisiong15g21g22n20 |
| spellingShingle | Monkiewicz Jan Monkiewicz Marek Financial Sector Supervision in Digital Age: Transformation in Progress Foundations of Management supervisory system suptech reporting process supervisory reports big data and artificial intelligence in supervision g15 g21 g22 n20 |
| title | Financial Sector Supervision in Digital Age: Transformation in Progress |
| title_full | Financial Sector Supervision in Digital Age: Transformation in Progress |
| title_fullStr | Financial Sector Supervision in Digital Age: Transformation in Progress |
| title_full_unstemmed | Financial Sector Supervision in Digital Age: Transformation in Progress |
| title_short | Financial Sector Supervision in Digital Age: Transformation in Progress |
| title_sort | financial sector supervision in digital age transformation in progress |
| topic | supervisory system suptech reporting process supervisory reports big data and artificial intelligence in supervision g15 g21 g22 n20 |
| url | https://doi.org/10.2478/fman-2022-0002 |
| work_keys_str_mv | AT monkiewiczjan financialsectorsupervisionindigitalagetransformationinprogress AT monkiewiczmarek financialsectorsupervisionindigitalagetransformationinprogress |