ECB threatens banks with sanctions as a result of insufficient information administration | EUROtoday

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the ECB is dissatisfied with the banks' information administration? In the ultimate pointers revealed in May, the banking supervisory authority threatened sanctions if banks continued to fail to satisfy the requirements set by the Basel Committee nearly ten years in the past. Chief Risk Officer (CRO) and Chief Financial Officer (CFO) are accountable for guaranteeing that information from supervisory studies, monetary studies, key figures and the outcomes of the EBA stress exams can be found.

https://www.faz.net/aktuell/finanzen/ezb-droht-banken-wegen-mangelhaftem-datenmanagement-mit-sanktionen-19805826.html