Daily Banking News
$42.39
-0.38%
$164.24
-0.07%
$60.78
+0.07%
$32.38
+1.31%
$260.02
+0.21%
$372.02
+0.18%
$78.71
-0.06%
$103.99
-0.51%
$76.53
+1.19%
$2.81
-0.71%
$20.46
+0.34%
$72.10
+0.28%
$67.30
+0.42%
industry

EU Central Bank Pushes Drive For Supervisory Technology


Law360, London (May 27, 2021, 6:25 PM BST) — A senior European Central Bank official said Thursday that national bank regulators must adapt to lenders increasingly embracing advances in technology, saying doing so could help supervisors gain a quicker understanding of risks to the sector.

Banks have increased their use of technology to improve services, and the increase in home working during the COVID-19 pandemic saw them relying on remote solutions to handle business, Pentti Hakkarainen, member of the supervisory board of the central bank, said.

Factors such as customer demand and the competitive challenge from financial technology companies and the big tech firms also mean banks’ adoption of technology…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS



Read More: EU Central Bank Pushes Drive For Supervisory Technology

Get real time updates directly on you device, subscribe now.

You might also like More from author
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

We respect your privacy and take protecting it seriously