The bedrock of efforts to improve regulatory processes — and thereby promote a fairer and more inclusive financial system — is the adoption of a digitally focused approach to financial oversight by U.S. and international government agencies.

Regulators around the world are making substantial progress in educating personnel about core technology concepts and replacing outdated analog systems with digital solutions. However, there is still a long way to go before the regulatory community is fully able to handle the accelerated digital transformation of financial services. AIR works to support and guide government agencies, foster the establishment of Regulatory Technology (RegTech) and Supervisory Technology (SupTech) solutions, and create a new paradigm in how the government oversees the financial system.


WHITE PAPER • Regtech Manifesto: Redesigning Financial Regulation for the Digital Age

In 2020, the Alliance for Innovative Regulation published this road map for a gradual but urgent conversion of the financial regulatory framework to a digitally native design. One former U.S. agency head called it “the bible for every regulator.”

PODCAST • The MSRB’s Impressive Innovation Journey

Jo Ann’s discussion with Chief Data Officer Brian Anthony and Chief Technology Officer Adam Cusson explores the remarkable success of the Municipal Securities Rulemaking Board in converting to the cloud and redesigning its entire tech architecture.

PODCAST • OCC’s Michael Hsu on crypto policy: ‘We want to get it right’

Like all regulators, the head of the Office of the Comptroller of the Currency is focused on how to regulate cryptocurrencies. Hsu discusses crypto’s role in financial inclusion and his view that stablecoins should be the foundation for the crypto system.

PODCAST • ‘Bold and Boring’ Innovation: Fed Chief Innovation Officer Sunayna Tuteja

The first appointee to lead the Federal Reserve’s innovation office is focused on modernizing the technology of the central bank itself. Her goal is to bring the agency into the 21st century, and to keep it up-to-date as change accelerates.

WHITE PAPER • Solving the Regulators’ Dilemma

AIR partnered with the Buckley law firm on a white paper laying out key innovation hurdles for financial regulators. Among the challenges is that as innovation speeds up, regulatory agencies are often slowed down by laws and other limiting protocols that merit a fresh look.

PODCAST • Insights From Former Fed Vice Chair Randal Quarles

The Federal Reserve’s ex-vice chair for supervision shares candid and thoughtful insights from his tenure, including advice for other policymakers and lessons learned by serving through the COVID crisis.

PODCAST • Adrienne Harris and Michael Barr on the Central Bank of the Future

Jo Ann speaks with the two policy veterans about their initiative, funded through the Bill and Melinda Gates Foundation, to reimagine central banks to have an embedded goal to advance financial inclusion.

OP-ED • Bank Regulators Need to Overhaul Their Digital Capacity

There has never been a better time for agencies regulating the financial sector to prioritize their own digital makeover, argues AIR CEO Jo Ann Barefoot in an op-ed published by American Banker.

REPORT • AIR CEO Touts AI’s Benefits for Regulators in Brookings Paper

The Brookings Institution published a deep dive by Jo Ann Barefoot, CEO of the Alliance for Innovative Regulation, on multiple ways government agencies can use artificial intelligence to power their innovation strategies.

PODCAST • Ribbit Capital’s Mandelker on How to Modernize Government Technology

Former Treasury Undersecretary Sigal Mandelker speaks to Jo Ann with informed insight and candor about the need for the government to work better and the technology gap in financial regulation.

PODCAST • How New York Remains on Forefront of Crypto Oversight

Jo Ann welcomes Kaitlin Asrow and Peter Marton — two officials in the New York state Department of Financial Services — to discuss the state’s stablecoin guidance and how the agency is addressing the financial sector’s technology transformation.

EVENT • Developing the Digital Regulator: How Agencies Can Keep Pace With Rapid Change

As digitization and software revolutionize the financial system, AIR hosted an event in September 2021 addressing the challenges for regulators to establish a culture, and acquire the tools needed to catch up with this transformation.

PODCAST • Regtech Comes of Age: ING Bank’s Ian Hollowbread

Hollowbread, who works for ING’s Innovation group known as Neo, explains why regtech is the future of compliance, cites evidence that regtech startups are getting more traction and discusses efforts to make regtech solutions more interoperable.

PODCAST • Rep. Bill Foster on How AI Will Transform Finance

The Illinois Democrat was appointed chair of a House task force on artificial intelligence. He speaks with Jo Ann about banks’ efforts to be more tech savvy, digital identity issues and algorithmic bias, among other subjects.

PODCAST • The Future of Compliance: The RegTech Association’s CEO Deborah Young

Young speaks to Jo Ann about the alliance that she leads and how its innovative members are building the bridge from traditional compliance to digitized solutions.

PODCAST • Jack Henry’s CEO on How Community Banks Can Make Digital Leap

David Foss runs one of three core processors that small financial institutions rely on for tech services. He and Jo Ann discuss community banks’ tough times, how cores can help clients compete and the need for small banks to “plug in” to vendors.

OP-ED • How Policymakers Can Encourage Responsible Innovation

The pace of digital transformation in financial services is exponential. Regulators play a critical role to ensure that this technological change is used for good, according to an op-ed co-written by AIR Executive Director David Ehrich.

PODCAST • IIF’s Jessica Renier on Crypto Winter, CBDCs and Regulatory Overhauls

Renier, a veteran of both the Treasury and the Fed and now managing director of digital finance at the Institute of International Finance, speaks with Jo Ann about the recent correction in the crypto markets and the need for regulators to hone new digital tools to get ahead of the curve.

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