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The Basel Committee on Banking Supervision (BCBS) has published a report on the implications of digitalization in finance for banks and supervision. The report reviews the use of innovative technologies such as APIs, AI, DLT, and cloud computing, and considers the role of new suppliers and business models. The GHOS, the oversight body of the BCBS, also reaffirmed their commitment to implementing Basel III reforms and provided an update on the implementation of a cryptoasset standard.