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Basel Committee publishes discussion paper on digital fraud

The Basel Committee on Banking Supervision has issued a discussion paper on digital fraud and banking. The paper is a high-level assessment of the supervisory and financial stability implications of digital fraud for the global banking system, with the key purpose being to elicit comments and feedback from a broad range of stakeholders.

The paper is structured are three broad questions that they would like comments on:

  • What is digital fraud?
  • What are the supervisory and financial stability implications?
  • What is being done to mitigate digital fraud risks within the banking sector?

The Committee has invited comments on the paper by 16 February 2024.

Vida Fatemi