FDIC to Explore Opportunities to Leverage Big Data for Banking Sector
In line with an increasing focus on the application of financial technology, FDIC, along with the University of Santa Clara, plans to host a series of public webinars to explore the opportunities and challenges in leveraging big data for the banking sector. The webinars will be scheduled throughout the year to include industry leaders, academics, and technologists on the use of new data analytics to improve the efficiency, competitiveness, and security of the banking and financial system in the country. The webinars will cover topics such as application of new tools to identify patterns in data, ethics in the application of artificial intelligence, enabling open banking through application programming interfaces, and improving financial regulation through regtech and suptech. The events will feature academic paper presentations and policy-focused panels. The FDIC Chair Jelena McWilliams will kick-off the first webinar of the series on possibilities of big and alternative data in finance and banking on April 15, 2021.
Related Links
Keywords: Americas, US, Banking, Securities, Big Data, Fintech, Regtech, Suptech, Open Banking, Artificial Intelligence, FDIC
Previous Article
EBA Reports Examine Consistency of Internal Model Outcomes in 2020Related Articles
EBA Issues Erratum for Phase 2 Package of Reporting Framework 3.0
EBA published an erratum for the technical package on phase 2 of the reporting framework 3.0.
EBA Updates Lists of Entities for Use in Capital Calculations under SA
EBA published an erratum for the technical package on phase 2 of the reporting framework 3.0.
MAS Amends Notice on Related Party Transactions of Banks
MAS amended Notice 643A that addresses requirements for banks to prepare statements of exposures and credit facilities to related concerns or parties.
ECB Amends Guideline on Euro Short-Term Rate
ECB has published, in the Official Journal of the European Union, the Guideline 2021/565 on the euro short-term rate (€STR) and this guideline amends the previous ECB Guideline 2019/1265.
EBA Consults on Standards Related to FRTB-SA
EBA launched a consultation on the draft regulatory technical standards on the list of countries with an advanced economy for calculating the equity risk under the alternative standardized approach (FRTB-SA).
PRA Proposes Rules Related to IRB Approach for Credit Risk
PRA is proposing, via CP7/21, the approach to implementing new requirements related to the specification of the nature, severity, and duration of an economic downturn in the internal ratings-based (IRB) approach to credit risk.
BoE Outlines Regulatory Treatment of Recovery Loan Scheme of UK
The UK government launched the Recovery Loan Scheme (RLS) as part of its continued COVID-19 support for UK businesses, as announced by HM Treasury on March 03, 2021.
FSB Addresses G20 on COVID Measures, TBTF Reforms, and Climate Risks
FSB published a letter, from its Chair Randal K. Quarles, to the G20 Finance Ministers and Central Bank Governors, ahead of their virtual meeting on April 07, 2021.
OSFI Unwinds Temporary Increase to Covered Bond Limit for Banks
OSFI issued a letter to the deposit-taking institutions issuing covered bonds and announced the unwinding of the temporary increase to the covered bond limit for deposit-taking institutions, effective immediately.
EU Amends CRR and Securitization Regulation in Response to Pandemic
To support recovery from the COVID-19 crisis, EU has published two regulations to amend the securitization framework, as set out in the Securitization Regulation (2017/2402) and the Capital Requirements Regulation or CRR (575/2013).
