Digital fraud and banking - BCBS publishes discussion paper - 15 November 2023
The Basel Committee on Banking Supervision (BCBS) has published a discussion paper on digital fraud and banking. The paper explores the supervisory and financial stability implications of digital fraud in banking, including existing data availability and measures to mitigate such risks. It is structured around three broad sets of questions: on the nature of digital fraud; its supervisory and financial stability implications; and measures being taken to mitigate risks to the banking sector.
The discussion paper is open for comments until 16 February 2024.
