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MNI BRIEF: Tech Investment A Must For ECB Regulators - McCaul

Regulators must keep pace with technological innovation, ECB supervisory board member says.

Continuous investment in technology  is key for ECB Banking Supervision to keep pace with changes in the banking landscape and to address emerging supervisory risks, Supervisory Board member Elizabeth McCaul said Thursday.

McCaul said the ECB's Digital Strategy, which includes the expansion into a digital currency, must be delivered successfully to give supervisors "the best line of sight into risks and help them act promptly on our key supervisory priorities, such as governance and risk culture, in their day-to-day work", helping keep the ECB to keep the European banking system safe.

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Continuous investment in technology  is key for ECB Banking Supervision to keep pace with changes in the banking landscape and to address emerging supervisory risks, Supervisory Board member Elizabeth McCaul said Thursday.

McCaul said the ECB's Digital Strategy, which includes the expansion into a digital currency, must be delivered successfully to give supervisors "the best line of sight into risks and help them act promptly on our key supervisory priorities, such as governance and risk culture, in their day-to-day work", helping keep the ECB to keep the European banking system safe.

Keep reading...Show less