Regulators around the globe are eyeing tech to boost financial stability
Enhanced supervisory technology (SupTech) with strong governance and skilled human oversight could well have important benefits for financial regulators around the in efforts to increase economic stability in their nations and around the globe, said a report prepared for the G20.
“SupTech could improve oversight, surveillance and analytical capabilities, and generate real time indicators of risk to support forward looking, judgement based, supervision and policymaking,” regulators told the Financial Stability Board.
Importantly as well, real-time and non-traditional data may allow authorities to be more pro-active in their supervision, FSB said.
As an example of the efficiencies SupTech can provide financial regulation, the authors of the report pointed out the U.S. Securities and Exchange Commission has found
algorithms are five times better than random testing at identifying language in investment adviser regulatory filings that could merit further investigation for potential
As the globe warms, the atmosphere is becoming more unstable, but the oceans are becoming more stable, according to an international team of climate scientists, who say that the increase in stability is greater than predicted and a stable ocean will absorb less carbon and be less productive.
Stable conditions in the atmosphere favor fair weather. However, when the ocean is stable, the layers of the ocean do not mix. Cooler, oxygenated water from beneath does not rise up and deliver oxygen and nutrients to waters near the surface, and warm surface water does not absorb carbon dioxide and bury it at depth.
“The same process, global warming, is both making the atmosphere less stable and the oceans more stable,” said Michael Mann, distinguished professor of atmospheric sciences and director of the Earth System Science Center at Penn State. “Water near the ocean’s surface is warming faster than the water
While the power conversion efficiency of perovskite solar cells (PVSCs)—a future of solar cells—has already greatly improved in the past decade, the problems of instability and potential environmental impact are yet to be overcome. Recently, scientists from City University of Hong Kong (CityU) have developed a novel method which can simultaneously tackle the leakage of lead from PVSCs and the stability issue without compromising efficiency, paving the way for real-life application of perovskite photovoltaic technology.
The research team is co-led by Professor Alex Jen Kwan-yue, CityU’s Provost and Chair Professor of Chemistry and Materials Science, together with Professor Xu Zhengtao and Dr. Zhu Zonglong from the Department of Chemistry. Their research findings were recently published in the scientific journal Nature Nanotechnology, titled “2-D metal-organic framework for stable perovskite solar cells