The ECB Podcast
The ECB Podcast
European Central Bank
How tech is shaping banking supervision
17 minutes Posted Sep 28, 2023 at 9:00 am.
– Digitalisation in banking supervision
– Using suptech to sort data
– Artificial intelligence (AI)
– The people behind new technologies
– Our guest’s hot tip
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17:40
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Show notes
How can new technologies improve banking supervision? What challenges do they bring for supervisors? And how will artificial intelligence make Europe’s banks safer?
Our new host Stefania Secola explores this topic with Supervisory Board member Elizabeth McCaul.
A warm welcome to Stefania and a big thanks for standing in for Katie Ranger, who is away for a while.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 28 September 2023 and recorded on 22 September 2023.
In this episode:
How are technological changes affecting supervision? What kinds of supervisory technology – also known as suptech – are we using? And will robots end up supervising banks?
How do supervisors use technology to analyse big amounts of data? Why is this important? And how does this help bank customers?
How do we use technology to make sure banks are run by the right people? Is human judgment still important when using artificial intelligence?
How do different supervisory teams cooperate? And how does technology help fight financial crime?
Supervisory Board member, Elizabeth McCaul, shares her hot tips with our listeners.
Additional material:
Technology, data and innovation – shaping the future of supervision. Keynote speech by Elizabeth McCaul
https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp230920_1~9315562707.en.html
Supervision Newsletter – Digital transformation requires strong governance and steering
https://www.bankingsupervision.europa.eu/press/publications/newsletter/2023/html/ssm.nl230517_3.en.html
The ECB Podcast: Let's get digital on inflation, climate and the euro
https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod220811_episode39.en.html
The ECB Blog by Myriam Moufakkir: Machines help to crunch the numbers, 28 September 2023
https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230928~3f76d57cce.en.html
European Central Bank
www.ecb.europa.eu
European Banking Supervision
www.bankingsupervision.europa.eu