The Hong Kong Monetary Authority (HKMA) has used the final issue of its Regtech Watch series to lay out a three-year roadmap for the adoption of Supervisory Technology, or Suptech, aiming to enhance the effectiveness and forward-looking capability of its supervisory processes.
The Japanese Financial Services Agency (JFSA) has a bold plan to put Suptech (supervisory technology) to use in improving the sophistication and efficiency of its financial supervision.
Some ideas to make Asia a Fintech/Regtech/Suptech powerhouse, following the recent XBRL Asia Round Table meeting in Japan.
MAS announces regulatory reporting will be achieved machine-to-machine via structured data and that the regulator will work to eliminate duplication within their structured data collections.
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