Effective supervision


Effective supervision of any regulatory measures that are implemented, and monitoring of fintech developments and consumer risks more broadly, will be essential to achieve underlying policy aims. This is by no means unique to fintech-related consumer issues and requirements.

  • The key building blocks of effective supervision: Adequate resourcing and capacity and appropriate strategies, tools and data to monitor financial sectors being expanded and changed by fintech entrants and offerings (including as-yet-unregulated providers and changed businesses of some already-regulated entities).
  • In a fintech context, the need for supervisors to be able to analyze and react to data from an expanding range of sources has become even more pressing. This includes consumer-side research, monitoring of social as well as traditional media, activity on digital platforms, and various types of industry-side data.