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.