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ORCID

Tomasz Dziawgo 0000-0001-5910-8997

Abstract

After last global financial crisis from a decade ago, financial market have been experiencing significant increase in number of regulations. This was especially visible in the banking sector, in which number of post-crisis new regulations amounted to thousands per year. It was not only challenging for banks, that have been spending increasingly more financial resources on compliance, but also for supervisory entities that have to keep track of compliance for every entity on financial market. Due to the fact that supervisory process relies mostly on manual process, it can be both time consuming and inefficient. This is why, not only banks have been exploring new technologies in compliance with regulations (Reg Tech), but also supervisory authorities have been doing the same with the aim of increasing their efficiency (Sup Tech). The research paper aims to test hypothesis, which is as follows: – Sup Tech is becoming an innovative tool for banking supervision and is expected to have increasingly larger role in banking supervision For the purpose of the paper, the following methods have been applied: critical analysis of literature and research papers as well as descriptive method and comparative analysis of presented data.

First Page

5

Last Page

13

Page Count

9

Received Date

11 January 2021

Revised Date

18 March 2021

Accept Date

9 April 2021

Online Available Date

30 April 2021

DOI

10.7172/2353-6845.jbfe.2021.1.1

JEL Code

E42; G21; O14

Publisher

University of Warsaw

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