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 Finalizes Templates for One-Off Climate Risk Scenario Analysis
The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.
EBA Mulls Inclusion of Environmental & Social Risks to Pillar 1 Rules
The European Banking Authority (EBA) recently published a report that recommends enhancements to the Pillar 1 framework, under the prudential rules, to capture environmental and social risks.
BCBS Consults on Disclosure of Crypto-Asset Exposures of Banks
As a follow on from its prudential standard on the treatment of crypto-asset exposures, the Basel Committee on Banking Supervision (BCBS) proposed disclosure requirements for crypto-asset exposures of banks.
BCBS and EBA Publish Results of Basel III Monitoring Exercise
The Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA) have published results of the Basel III monitoring exercise.
PRA Updates Timeline for Final Basel III Rules, Issues Other Updates
The Prudential Regulation Authority (PRA) recently issued a few regulatory updates for banks, with the updated Basel implementation timelines being the key among them.
US Treasury Sets Out Principles for Net-Zero Financing
The U.S. Department of the Treasury has recently set out the principles for net-zero financing and investment.
EC Launches Survey on G7 Principles on Generative AI
The European Commission (EC) launched a stakeholder survey on the draft International Guiding Principles for organizations developing advanced artificial intelligence (AI) systems.
ISSB Sustainability Standards Expected to Become Global Baseline
The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.
IOSCO, BIS, and FSB to Intensify Focus on Decentralized Finance
Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.
BCBS Assesses NSFR and Large Exposures Rules in US
The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.
