Financial Sector Supervision in Digital Age: Transformation in Progress

Monkiewicz Jan () and Monkiewicz Marek ()
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Monkiewicz Jan: Warsaw University of Technology, Faculty of Management, Warsaw, POLAND
Monkiewicz Marek: Main School of Commerce, Institute of Risk and Insurance, Warsaw, POLAND

Foundations of Management, 2022, vol. 14, issue 1, 25-36

Abstract: 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.

Keywords: supervisory system; suptech; reporting process; supervisory reports; big data and artificial intelligence in supervision (search for similar items in EconPapers)
JEL-codes: G15 G21 G22 N20 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:founma:v:14:y:2022:i:1:p:25-36:n:1

DOI: 10.2478/fman-2022-0002

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