The Financial Stability Board (FSB) published a report on the use of supervisory and regulatory technology (SupTech and RegTech) by FSB members and regulated institutions, including 28 case studies giving practical examples. The opportunities offered by SupTech and RegTech have been created by the substantial increase in availability and granularity of data, and new infrastructure such as cloud computing and application programming interfaces (APIs), which allow large data sets to be collected, stored and analysed more efficiently. Authorities and regulated institutions have both turned to these technologies to help them manage the increased regulatory requirements that were put in place after the 2008 financial crisis. SupTech is a strategic priority for an increasing number of authorities. Most respondents had a SupTech, innovation, or data strategy in place. Authorities are concerned about possible risks that could arise from the use of SupTech and RegTech – particularly around resourcing, followed in importance by cyber risk, reputational risk, and data quality. A particular risk is over-reliance on methods built on historic data, which could lead to incorrect inferences about the future, and the potential for limited transparency of SupTech and RegTech tools. The importance of data standards and effective governance frameworks for the use of SupTech and RegTech was also emphasised.