19.12.2016

European Supervisory Authorities: Discussion Paper on the Use of Big Data by Financial Institutions

Joint Committee Discussion Paper on the Use of Big Data by Financial Institutions (pdf)
[...] The ESAs have assessed potential benefits and risks linked to the use of Big Data by financial institutions, with a view to determining at a later stage which, if any, regulatory and/or supervisory actions may be needed to mitigate the risks while at the same time harnessing the potential benefits. The ESAs are issuing this Discussion Paper in order to receive feedback from stakeholders on this preliminary high-level assessment. [...]
EBA, EIOPA, and ESMA (the ESAs) welcome comments on this Discussion Paper on the Use of Big Data by Financial Institutions and in particular on the specific questions set out herein. 
Source: ESMA