Development of a platform where we could, so to say, in a ‘wiki’ mode create drafts of regulatory acts, and at the same time it would be expression of will by the authorities <…> Openness of the whole process, with logging of each step, understanding who introduced amendments. <…> Transition to such instruments would make it possible to adopt documents faster, more proficiently and, which is the most important thing, take responsibility for the proposed amendments — Savva Shipov, Deputy Minister of Economic Development of the Russian Federation.
The strategy that the Center for Strategic Research was drafting together with our colleagues, consists of several key components: it is digital law-making <…> it is reliance on data — Maria Shklyaruk, Vice-President, Centre for Strategic Research.
Digital accountability <…> here the regulatory rules and requirements <…> are frequently changing, and in order to help the market players to meet these requirements we use information technologies, elements of artificial intelligence. But <…> it is not the only way, for example, the central bank of Austria <…> is not using XBRL <…> it got access to the primary documents for credit agreements, based on which it transferred almost all oversight tasks online, <…> and they have no need to receive any statements from financial organizations <…> also, using elements of artificial intelligence, they can see the risks much earlier than they appear in documents — Tatyana Popova, Deputy General Director, IBS.