Regulators supervising multilingual jurisdictions face challenges in applying machine learning in supervisory tasks, especially for tools requiring a high accuracy on linguistic capabilities, according to the Financial Stability Board (FSB) which has published a report on the use of supervisory technology (or suptech used by regulators) and regulatory technology (or regtech, used by regulated financial institutions). The report, which outlined…
Hong Kong’s multilingual environment poses difficulties for regs looking to use supervisory tech
