ABSTRACT This article first explores how the prudential regulatory framework may be drastically changed as a result of the adoption of regtech and suptech innovations. The adoption of a shared data architecture, whereby the regulator is provided with seamless access to the accounts of regulated firms, may result in the development of a centralized approach to regulatory modelling, thus bypassing the existing partition between internal models and standardized approaches. Secondly, this article discusses how, thanks to the adoption of advanced predictive analytics, non-bank fintech lenders can gain insights into borrowers’ creditworthiness irrespective of banks’ control over traditional sources of information for credit scoring. This, though, may give rise to a new type of strategic gaming, this time by borrowers keen to maximize their chances of being granted a loan. In any case, preventing banks from adopting these new methods for the purpose of regulatory modelling might weaken their competitiveness. Thirdly, this article explores whether the transition to a centralized approach for credit risk management would conflate the distinction between microprudential and macroprudential interventions, in particular with respect to the countercyclical macroprudential policy. Finally, the article argues that non-bank (fintech) firms could be persuaded to coalesce behind endorsement of the new regulatory shared data platform in return for the support from the central bank. In this way, the regulatory perimeter could be extended in order to steer the adoption of financial innovations in a manner that benefits society overall.

中文翻译：

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审慎监管框架的破坏

摘要 本文首先探讨了审慎监管框架如何因采用 regtech 和 Suptech 创新而发生巨大变化。采用共享数据架构，向监管机构提供对受监管公司账户的无缝访问，可能会导致开发一种集中的监管建模方法，从而绕过内部模型和标准化方法之间的现有划分。其次，本文讨论了由于采用了先进的预测分析，非银行金融科技贷方如何能够深入了解借款人的信用状况，而不受银行控制传统信用评分信息来源的影响。不过，这可能会引发一种新型的战略博弈，这一次，借款人热衷于最大限度地提高获得贷款的机会。无论如何，阻止银行采用这些新方法来进行监管建模可能会削弱它们的竞争力。第三，本文探讨了向集中式信用风险管理方法的过渡是否会混淆微观审慎干预和宏观审慎干预之间的区别，特别是在逆周期宏观审慎政策方面。最后，文章认为，可以说服非银行（金融科技）公司联合支持新的监管共享数据平台，以换取中央银行的支持。通过这种方式，可以扩大监管范围，以引导金融创新的采用，从而使整个社会受益。