Highlights of the Policy Implementation Meeting on Fintech and Cyber Risk

The document gathers the findings and conclusions of the Policy Implementation Meeting on Fintech and Cyber Risk organized by the Association of Supervisors of Banks of the Americas (ASBA) and the Financial Stability Institute (FSI) of the Bank for International Settlements (BIS). This meeting sets the agenda for an active dialogue for the coming years on Fintech and Cybersecurity.

The discussion, which included the participation of ASBA member supervisors, a selection of foreign countries, and experts from the private sector, analyses the trend of new technologies in the financial sector, their integration into regulatory and supervisory frameworks, as well as, its potential impact on the strength and safety of the sector. All this, from a perspective on its impact on the financial landscape of the Americas.

This document addresses, among other issues, the new technologies identified as the most disruptive, the opportunities and challenges arising from the use of these new technologies in the financial sector, the role of users, and the entry of large technology companies (Big Tech) in the provision of financial services.