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Journal of the Banking Supervisor No. 72

The Evolving Role of Bank Supervision: A Focus on Sustainability, Technology, and Risk

The role of bank supervision is evolving to meet the challenges of a rapidly changing financial landscape. Supervisors are increasingly focused on sustainability, technology, and risk.

Banks play a crucial role in financing the transition to a low-carbon economy. Supervisors are working to ensure that banks have the necessary tools and capabilities to manage the risks associated with climate change and other sustainability issues.

Technology is transforming the banking industry at an unprecedented pace. Supervisors are working to keep pace with these changes and ensure that banks manage the associated risks effectively. This includes risks related to cybersecurity, fintech, and crypto assets.

Banks face various risks, including credit, market, and operational risks. Supervisors are working to ensure banks have robust risk management frameworks to identify, assess, and mitigate these risks.

The 72nd edition of the Journal of the Banking Supervisor highlights some of the key regulatory developments that have taken place in the Americas in recent months, including New Requirements for Disclosure of Sustainability-related Financial Information and Climate-related Disclosures, New capital requirements for banks exposed to crypto-assets;  Enhanced liquidity requirements for systemically important banks; Revised stress testing guidelines; New consumer protection regulations for digital financial services; Enhanced anti-money laundering and counter-terrorist financing regulations; and New regulations for open banking.

In addition to the articles featured in this edition of the Journal of the Banking Supervisor, the Members of the Association of Supervisors of Banks of the Americas (ASBA) also shares news and information on prudential and non-prudential financial regulations issued in their jurisdictions during the second quarter of 2023. Also, publications, technical reports, and other information that they consider relevant. This compilation is an effort to broaden communication and understanding among the countries of the Americas on the approaches used to address various issues of joint interest in financial regulation.

The 72nd edition of the Journal of the Banking Supervisor provides a comprehensive overview of the latest developments in the banking sector. It highlights the importance of collaboration and information sharing among regulators and supervisors in the Americas.

Categories: Journal of the Banking Supervisor
Author: ASBA