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The Basel Committee’s ‘Sound Practices’ report of February 2018 states that technologies such as AI/ML and advanced data analytics may also have the potential to improve supervisory efficiency and effectiveness, and that supervisors exploring such technologies could enhance safety and soundness; it uses the term ‘suptech’. Copy claim link
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Date 2018-02 · publication Records dated 2018 → Role Articulation Register (kind of text) Nonfiction Scope and limits Not earliest located; the report itself cites earlier texts. It describes supervisors’ involvement with suptech as nascent and names lack of transparency of AI as a barrier.
The evidence 02 primary source Supports the claim
Sound Practices: Implications of fintech developments for banks and bank supervisors ↗ Basel Committee on Banking Supervision (Bank for International Settlements) · 2018-02
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Source excerpt “The same technologies that offer efficiencies and opportunities for fintech firms and banks, such as AI/ML/advanced data analytics, DLT, cloud computing and APIs, may also have the potential to improve supervisory efficiency and effectiveness.” Location in source PDF p. 36 (printed p. 35), section C ‘Suptech opportunities’, Implication 8
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Basel Committee on Banking Supervision Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 bc4a965c27f5455262507b2d4b95d0bc6ca0acba1b7d01f521605d33c1552734). Retrieved again at admission on 2026-11-06 (same file). PDF as served on 2026-11-02 (requested at https://www.bis.org/bcbs/publ/d431.pdf, redirected to the landing page whose PDF link is the address given) Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Basel Committee on Banking Supervision, “Sound Practices: Implications of fintech developments for banks and bank supervisors”, 2018-02. Reuse No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution. Check notes Candidate pack passage, AI and money (research/ai-money). The quotation (34 words) matched a fresh retrieval of 2026-11-06 (the same file the candidate pack read). Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. No human editorial review. primary source Supports the claim
Sound Practices: Implications of fintech developments for banks and bank supervisors ↗ Basel Committee on Banking Supervision (Bank for International Settlements) · 2018-02
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Source excerpt “Safety and soundness and financial stability could be enhanced by supervisors investigating and exploring the potential of new technologies to improve their methods and processes” Location in source Same page, Consideration 8
How it was read Retrieved directly from the publisher
Machine-checked · 2026-11-06
Source details and check notes Authors Basel Committee on Banking Supervision Version Retrieved for the candidate pack on 2026-11-02 (SHA-256 bc4a965c27f5455262507b2d4b95d0bc6ca0acba1b7d01f521605d33c1552734). Retrieved again at admission on 2026-11-06 (same file). PDF as served on 2026-11-02 (requested at https://www.bis.org/bcbs/publ/d431.pdf, redirected to the landing page whose PDF link is the address given) Canonical address Open the canonical source ↗ Accessed 2026-11-06 Language English (en) Attribution Basel Committee on Banking Supervision, “Sound Practices: Implications of fintech developments for banks and bank supervisors”, 2018-02. Reuse No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution. Check notes Candidate pack passage, AI and money (research/ai-money). The quotation (25 words) matched a fresh retrieval of 2026-11-06 (the same file the candidate pack read). Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. No human editorial review. Status and meaning Editorial status. Machine-checked . Machines found this record and checked it against its sources; no person accepted it individually. Each evidence record above shows how it was checked.
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Record ID am-u09-bcbs-2018-sound-practices-fintech