Data Science and the Future of Financial Supervision — Remarks by Superintendent Jeremy Rudin

Data Science and the Future of Financial Supervision — Remarks by Superintendent Jeremy Rudin to the 11th Symposium on Asian Banking and Finance, San Francisco, California, June 25, 2018

“In my view, data science will have a major impact on how we supervise financial institutions. My message to fellow supervisors is this: data science is too important to leave to the data scientists alone. As supervisors, we need to understand what data science can, and cannot do to assist us. If we fail to understand how to use data science wisely, we will fail to gain the full benefits of these powerful techniques.”