- Funding Programme
- Year
- 2023
Development of a SupTech strategic plan for the Portugese Securities Commission (CMVM)
Develop a strategic plan for implementing SupTech at CMVM by identifying needs and developing a plan of initiatives, detailing their requirements, investment, duration, setting a roadmap and defining the principles underlying the governance structure. The plan gathered insights from NCAs in cooperation with EU institutions to define solutions to optimise and increase the depth and speed of CMVM’s supervision.
Context
The SupTech strategic plan for CMVM aligns with EU policy priorities, supporting the digital transformation of financial supervision by leveraging new technology, increasing security and efficiency. Influenced by the digitalization of the financial sector, the recommended plan intends to address the growing need to enhance capabilities to supervise entities such as markets, issuers, financial intermediaries, auditors and asset managers. These entities are increasing in both number and the volume of information produced, requiring innovative, data-driven approaches. Key challenges include integrating advanced technologies and adapting to evolving regulatory demands while maintaining operational resilience.
Support delivered
The provider, in collaboration with CMVM’s IT Department (DIT), supported the development of the SupTech Strategic Plan, ensuring that relevant information was provided to the Management Board and inputs were gathered, in particular, from the CMVM supervisory departments as well as from other NCAs. The project took place in Lisbon from September 2023 to February 2025 and followed v.2.0 and valuable insights. Celebrating milestones, ensuring adequate resources, managing risks, fostering continuous improvement, and tracking KPIs enable adaptation and sustained progress.
Expected results
The expected results of the project include the establishment of a recommended SupTech strategy that aims to enhance CMVM’s supervisory capabilities. This includes 28 proposed initiatives across various supervisory functions, improving data collection, analysis, and risk management processes. The four-year roadmap envisages a phased, sustainable rollout of SupTech solutions, with clear responsibility allocations and organizational alignment. The project aims at significantly strengthen CMVM’s ability to monitor an expanding number of entities and manage growing volumes of data, by promoting the use of new technologies.
Expected impact
The expected impact of the project is twofold: improved operational efficiency and enhanced capital markets oversight. By deploying advanced SupTech tools, CMVM will be better equipped to handle the complexity and evolution of the financial markets, and the large amount of information continuously generated by them. The project is supposed to improve CMVM's ability to proactively identify risks, ensure market integrity and protect investors. Additionally, the adoption of new technologies, under an adequate governance structure, will contribute to make CMVM’s operations more agile and responsive to future challenges, as well as to increase its productivity ratios. Ultimately, the project will contribute to the EU's broader goals of digital transformation and operational resilience in financial markets.
More about the project
You can read the documents related to the project here: