Legal Framework for Risk-based Banking Supervision in the Digital Age

Authors

  • Dmitry Artemenko Higher School of Business, Southern Federal University
  • Irina Bychkova Higher School of Business, Southern Federal University

Keywords:

risks, digitalisation, banking, supervision

Abstract

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.

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References

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Published

29.09.2020

How to Cite

Artemenko, D. ., & Bychkova, I. . (2020). Legal Framework for Risk-based Banking Supervision in the Digital Age. Financial Law Review, (19(3), 81–102. Retrieved from https://czasopisma.bg.ug.edu.pl/index.php/flr/article/view/5424

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Articles