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Former BCBS Secretary General on RegTech and AI

Former BCBS Secretary General on RegTech and AI

by Starling Insights

Starling Insights Editorial Board

Jan 19, 2023

Observations

Regulatory Trends Regtech Innovation & Technology Innovative Approaches Regulatory Reporting

ICYMI: Bill Coen, former Secretary General of the Basel Committee on Banking Supervision, appeared on the NAB Digital Next podcast late last year to discuss the changing regulatory technology (regtech) landscape. In his conversation with Brad Carr, NAB Executive of Digital & Data Governance, Coen explained how regtech — including data science and AI — can improve compliance and risk management in the banking sector.

"Having effective strategic risk planning trumps everything," he said. "It is existential... [I]f you are in the c-suite or on the board, you have got to have good data and good analytics."

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