Regulators have only started to scratch the surface of the potential uses of, for example, Big Data in regulatory technology – also referred to as “RegTech”. Big Data techniques can assist us to understand the state of the economy and “identify trends in systemic risks” more accurately and quickly.
1 Hopefully, this will lead to further enhancements for policymaking and greater precision in supervisory interventions. The threat landscape and the role of regulatory authorities With an expanding digital footprint comes a growing threat landscape, providing greater opportunities and increasing entry points or vectors for cyberattacks.