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
EC Consults on PSD2 and Open Finance; EU Reaches Agreement on DORA
The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.
EC Mandates ESAs to Propose Amendments to SFDR Technical Standards
The European Commission (EC) has issued two letters mandating the European Supervisory Authorities (ESAs) to jointly propose amendments to the regulatory technical standards under Sustainable Finance Disclosure Regulation or SFDR.
EBA Examines Supervisory Practices, Issues Deposits Reporting Template
The European Banking Authority (EBA) published its annual report on convergence of supervisory practices for 2021. Additionally, following a request from the European Commission (EC),
US Agency Publications Address Basel, Reporting, and CECL Developments
The Farm Credit Administration published, in the Federal Register, the final rule on implementation of the Current Expected Credit Losses (CECL) methodology for allowances
SEC Extends Comment Period on Climate Risk Disclosures
The U.S. Securities and Exchange Commission (SEC) looks set to intensify focus on crypto-assets and cyber risk and extended the comment period on the proposed rules to enhance and standardize climate-related disclosures for investors.
APRA Reduces Committed Liquidity Facility, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility and issued an update on the operational preparedness for zero and negative market interest rates.
CMF Consults on Basel Rules, Presents Roadmap to Address Climate Risks
The Commission for the Financial Market (CMF) in Chile published capital adequacy ratios (as of February 2022, January 2022, and December 2021) for 17 banks and for the banking system.
PRA Issues Statement on NPEs and Policy on Trading Activity Wind-Down
The Prudential Regulation Authority (PRA) issued a statement on the European Banking Authority (EBA) guidelines on management of non-performing exposures (NPEs) and forborne exposures.
EBA Updates Standards for 2023 Benchmarking of Internal Approaches
The European Banking Authority (EBA) updated the implementing technical standards that specify the data collection for the 2023 supervisory benchmarking exercise in relation to the internal approaches used in market risk, credit risk, and IFRS 9 accounting.
EIOPA Responds to Stakeholder Views on Blockchain in Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) published a feedback statement on the responses received to the consultation on blockchain and smart contracts in insurance.