Page 23 - Annual Report 2022 EN
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Risk Assessment Visits (RAVs) SupTech and Innovation
Arising from its risk assessment activities, the BIS During 2022, the division welcomed new data scientists
supervisory programme focused on the following to support the adoption of self-service analytics
priority areas based on the results of risk assessments: and the Supervision 2030 vision for AI-augmented
supervisory processes. The team provided supervisors
• Credit risk and asset quality
with training in KNIME, a no-code analytics platform,
• Operational resilience and business continuity
and delivered analytical enhancements for Approved
• Governance and risk management arrangements; and
Individuals and AML/CFT. The team also presented
• Liquidity and solvency reviews.
their work on automated, machine-learning-powered
BIS conducted 5 RAVs at banks and insurers in risk scores for banks at the European Central Bank’s
2022. Overall, the results of the RAVs conducted Supervision Innovators Conference in September 2022.
were satisfactory and in line with previous years.
The QFCRA’s Financial Analysis and Innovation team
started a tendering process for a partner to build a
Thematic reviews Supervisory Master Data Management solution. The
solution, which will utilise a graph database, natural
BIS conducted a thematic review on reasonable and
language processing, and collaborative workflows, will
customary rates to understand better the process
integrate datasets across a range of internal and external
and rationale for arriving at the reimbursement
resources and support several further solutions.
rate for customers’ medical claims using out-of-
network providers, and the adequacy of disclosures
made by insurers in this regard to better protect
the customers and ensure they are treated fairly.
