Article
ECB Single Supervisory Mechanism sets priorities for banks for 2022-2024
ECB Banking Supervision together with the national competent authorities has performed an assessment of the risk and vulnerabilities faced by the institutions under its surveillance and has set-up three main priorities for 2022-2024:
- Banks emerge from the pandemic healthy;
- Banks structural weaknesses are addressed via effective digitalization strategies and enhanced governance;
- Banks tackle emerging risks (climate-related and environmental risks, counterparty risk, IT & cyber risks).
In this alert you will read more about each priority, their associated strategic objectives and work programs.