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

• Authors: Dmitry Artemenko , Irina Bychkova

Abstracts

EN

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.

Keywords

EN

: risks; digitalisation; banking; supervision

• Publisher: Uniwersytet Gdański
• Journal: Financial Law Review
• Year: 2020
• Volume: 19
• Issue: 3
• Pages: 81-102

Dates

published

2020

Contributors

author

Dmitry Artemenko

• Higher School of Business, Southern Federal University

author

Irina Bychkova

• Higher School of Business, Southern Federal University

Identifiers

Biblioteka Nauki

1368289