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dc.contributor.authorKavassalis, Petros-
dc.contributor.authorStieber, Harald-
dc.contributor.authorBreymann, Wolfgang-
dc.contributor.authorSaxton, Keith-
dc.contributor.authorGross, Francis Joseph-
dc.date.accessioned2019-03-01T13:47:44Z-
dc.date.available2019-03-01T13:47:44Z-
dc.date.issued2018-
dc.identifier.issn1526-5943de_CH
dc.identifier.issn2331-2947de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/15742-
dc.description.abstractPurpose: The purpose of this study is to propose a bearer service, which generates and maintains a “digital doppelgänger” for every financial contract in the form of a dynamic transaction document that is a standardised “data facility” automatically making important contract data from the transaction counterparties available to relevant authorities mandated by law to request and process such data. This would be achieved by sharing certain elements of the dynamic transaction document on a bearer service, based on a federation of distribution ledgers; such a quasi-simultaneous sharing of risk data becomes possible because the dynamic transaction document maintain a record of state in semi-real time, and this state can be verified by anybody with access to the distribution ledgers, also in semi-real time. Design/methodology/approach: In this paper, the authors propose a novel, regular technology(RegTech) cum automated legal text approach for financial transaction as well as financial risk reporting that is based on cutting-edge distributed computing and decentralised data management technologies such as distributed ledger, distributed storage, algorithmic financial contract standards, automated legal text and document engineering methods and techniques. This approach is equally inspired by the concept of the “bearer service” and its capacity to span over existing and future technological systems and substrates. Findings: The result is a transformation of supervisors’capacity to monitor risk in thefinancial systembased on data which preserve informational content offinancial instruments at the most granular level, incombination with a mathematically robust time stamping approach using blockchain technology. Practical implications: The RegTech approach has the potential to contain operational risk linked toinadequate handling of risk data and to rein in compliance cost of supervisory reporting.de_CH
dc.language.isoende_CH
dc.publisherEmeraldde_CH
dc.relation.ispartofJournal of Risk Financede_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectSmart contractsde_CH
dc.subjectAlgorithmic standardsde_CH
dc.subjectDocument engineeringde_CH
dc.subjectRegTechde_CH
dc.subject.ddc005: Computerprogrammierung, Programme und Datende_CH
dc.titleAn innovative RegTech approach to financial risk monitoring and supervisory reportingde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Engineeringde_CH
zhaw.organisationalunitInstitut für Datenanalyse und Prozessdesign (IDP)de_CH
dc.identifier.doi10.1108/JRF-07-2017-0111de_CH
zhaw.funding.euNode_CH
zhaw.issue1de_CH
zhaw.originated.zhawYesde_CH
zhaw.pages.end55de_CH
zhaw.pages.start39de_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.volume19de_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
zhaw.webfeedFinTechde_CH
Appears in collections:Publikationen School of Engineering

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