02307cas a2200313 a 4500 AALejournalIMF021678 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513582344 1018-5941 BD-DhAAL BD-DhAAL Khan, Ashraf. Central Bank Risk Management, Fintech, and Cybersecurity / Ashraf Khan, Majid Malaika. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (75 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Based on technical assistance to central banks by the IMF's Monetary and Capital Markets Department and Information Technology Department, this paper examines fintech and the related area of cybersecurity from the perspective of central bank risk management. The paper draws on findings from the IMF Article IV Database, selected FSAP and country cases, and gives examples of central bank risks related to fintech and cybersecurity. The paper highlights that fintech- and cybersecurity-related risks for central banks should be addressed by operationalizing sound internal risk management by establishing and strengthening an integrated risk management approach throughout the organization, including a dedicated risk management unit, ongoing sensitizing and training of Board members and staff, clear reporting lines, assessing cyber resilience and security posture, and tying risk management into strategic planning.. Given the fast-evolving nature of such risks, central banks could make use of timely and regular inputs from external experts. Mode of access: Internet Foreign Exchange imf Informal Economy imf Monetary Systems imf Standards imf Underground Econom imf Malaika, Majid. IMF Working Papers; Working Paper ; No. 2021/105 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/105/001.2021.issue-105-en.xml IMF e-Library