{"id":19101,"date":"2022-06-09T13:20:17","date_gmt":"2022-06-09T11:20:17","guid":{"rendered":"https:\/\/ebi-europa.eu\/?p=19101"},"modified":"2022-06-09T13:23:41","modified_gmt":"2022-06-09T11:23:41","slug":"publication-working-paper-series-no-118","status":"publish","type":"post","link":"https:\/\/ebi-europa.eu\/publication-working-paper-series-no-118\/","title":{"rendered":"Publication: Working Paper Series No. 118"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"19101\" class=\"elementor elementor-19101\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-acf00b6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" data-id=\"acf00b6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6538e17\" data-id=\"6538e17\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f9b52a6 elementor-widget elementor-widget-text-editor\" data-id=\"f9b52a6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>EBI is happy to announce a contribution of <strong>David McNulty<\/strong> (Loughborough University), <strong>Dr.\u00a0Andrea Miglionico<\/strong> (University of Reading) and <strong>Prof.\u00a0Alistair Milne<\/strong> (Loughborough University) in the <strong><a href=\"https:\/\/ebi-europa.eu\/publications\/working-paper-series\/\">EBI Working Paper Series<\/a> No.\u00a0118<\/strong>. Their paper entitled <em><strong>\u201cTechnology and the \u2018New Governance\u2019 Techniques of Financial Regulation\u201d<\/strong><\/em> was published on 18th March 2022.<\/p><p>Modern data and information technologies are having a profound impact on financial services and opening new frontiers in regulation. This article explores the deployment of technology to embed regulatory objectives within the management and decision-making processes of financial firms. Technological innovations can enhance oversight of prudential and conducts risks, and substantially lower compliance costs. They can also address the information imbalances that limit the effectiveness of older approaches, in which the firm is a \u2018black box\u2019 that can only be externally supervised. The central challenge is establishing an appropriate governance of technology in regulated firms to ensure that these serve regulatory as well as business outcomes. Such an approach should be embedded as a development of the \u2018new governance\u2019 techniques of financial regulation. This perspective is developed by reviewing current debate on the use of technology and its application to a range of challenges in financial regulation and supervision.<\/p><p>To read the entire paper, please follow <a href=\"https:\/\/ssrn.com\/abstract=4054300\">https:\/\/ssrn.com\/abstract=4054300<\/a> or <a href=\"https:\/\/dx.doi.org\/10.2139\/ssrn.4054300\">https:\/\/dx.doi.org\/10.2139\/ssrn.4054300<\/a>.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>EBI is happy to announce a contribution of David McNulty (Loughborough University), Dr.\u00a0Andrea Miglionico (University of Reading) and Prof.\u00a0Alistair Milne (Loughborough University) in the EBI Working Paper Series No.\u00a0118. Their paper entitled \u201cTechnology and the \u2018New Governance\u2019 Techniques of Financial &hellip; <\/p>\n","protected":false},"author":3,"featured_media":18250,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[62],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/posts\/19101"}],"collection":[{"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/comments?post=19101"}],"version-history":[{"count":7,"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/posts\/19101\/revisions"}],"predecessor-version":[{"id":19108,"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/posts\/19101\/revisions\/19108"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/media\/18250"}],"wp:attachment":[{"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/media?parent=19101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/categories?post=19101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebi-europa.eu\/wp-json\/wp\/v2\/tags?post=19101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}