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Institutional Arrangements for Fintech Regulation: Supervisory Monitoring
Reflecting potential efficiency and inclusion gains, technology-enabled innovation in financial services has increased greatly over the past decade, and a regulatory response is needed to ensure that new risks are promptly and accurately identified and addressed. Fintech is being used across financial services to generate efficiencies and lower costs for firms, improve compliance (RegTech), and help regulatory authorities achieve their objectives (SupTech).
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