FSB issues a report on the financial stability implications from FinTech

The FSB has been analysing the potential financial stability implications from FinTech with a view to identifying supervisory and regulatory issues that merit authorities’ attention.

In a Report released this week, the FSB identified ten areas, of which the following three are seen as priorities for international collaboration:

  1. the need to manage operational risk from third-party service providers;
  2. mitigating cyber risks; and
  3. monitoring macrofinancial risks that could emerge as FinTech activities increase.