Benefits from advanced technology infrastructure in supervision
By European Central Bank
The ECB has revolutionised banking supervision through advanced digital platforms and artificial intelligence (AI) tools, according to Frederik Hoppe. Key systems including the IMAS portal, CASPER and STAR have streamlined bank-supervisor interaction, while AI applications like Heimdall have reduced fit and proper assessment times from 109 days in 2023 to 97 days in 2024.
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