Shopping Cart

No products in the cart.

SupTech at the ECB: A case study in banking supervision 

Europe’s Single Supervisory Mechanism was established a decade ago to gather fragmented national banking systems under a safe and secure environment. As the financial landscape has evolved, the European Central Bank has turned to the latest supervisory technologies to transform its operations, capabilities and culture.

In a landscape marked by rapid changes and emerging risks, Europe’s Single Supervisory Mechanism (SSM) has become a pioneer by integrating technology into the fabric of supervisory practices. This article focuses on the SSM’s digital transformation, showcasing the strategic initiatives and supervisory technology (SupTech) tools and giving a glimpse into what lies ahead for supervisors. 

The SSM, which comprises the European Central Bank (ECB) and National Competent Authorities (NCAs) from 21 participating countries, ensures the safety and soundness of the European banking system. Since its inception in 2014, the SSM has prioritized robust IT systems to support supervisory processes via workflows, to provide data and analytics, and to facilitate seamless communication between banks and supervisors. 

Continue reading with one of our memberships:

  • Annual membership

    ✔️ Unlimited access for one year
    ✔️ Renews automatically unless canceled

    $ 250.00 / year

  • Monthly membership

    ✔️ One month of unlimited access
    ✔️ Renews automatically unless canceled

    $ 23.50 / month

Sign in

If you are already a member, sign in to view this post.

Authors

  • Lukasz Kubicki is the Head of the Supervisory Technology Section at the European Central Bank. His team is responsible for leading the innovation strategy and implementation of cutting-edge technologies across the European Banking Supervision. Since 2023, he has also served as Co-Chair of the SupTech, RegTech, and MonPolTech Working Group of the BIS Innovation Network. Mr. Kubicki previously held different roles at McKinsey & Company, managing engagements in strategy and digitalization within the banking sector. He earned his PhD in Economics from the Warsaw School of Economics.

    View all posts

  • Daniela Schackis is Deputy Director General in Banking Supervision at the European Central Bank. The Directorate General (DG) SSM Governance & Operations ensures the efficient decision-making process of the Supervisory Board and its structures. The DG acts as gatekeeper for new players entering the market, withdraws banking licenses and investigates alleged breaches of prudential regulations. Ms. Schackis joined the ECB in July 1998, holding various positions in Human Resources, risk management and statistics. Prior to the ECB, she worked at Eurostat. She holds a master’s degree in economics from the University Erlangen-Nürnberg, Germany.

    View all posts

Related Posts