Thanks, Jorge, for sharing this article with the CuriousAI forum. ECB has published an article title "Benefits from advanced technology infrastructure in supervision" by Frederik Hoppe.1. Improving interaction between banks and supervisors
Hoppe explains how digital platforms like IMAS, CASPER, and the external STAR portal have revolutionized communication and data exchange.
IMAS (since 2020) provides a secure gateway for banks to submit supervisory applications, monitor their status, and receive updates—all online—reducing manual effort and boosting transparency.
CASPER (since 2022) handles both ad hoc and regulatory data collections, with user-friendly templates, instant validation, and API imports to minimize errors and streamline workflows.
The STAR portal (introduced in 2017) supports stress test submissions with pre-validation, Q&A support, and internal/external data collaboration, ensuring consistent and comparable stress-testing across banks. Integration work is underway for a unified portal experience (IMAS + CASPER + STAR).
2. Speeding up the performance of supervisory tasks
Supervision is more efficient thanks to suptech tools:
Heimdall automates “fit & proper” assessments with machine reading, reducing processing time from 109 to 97 days in one year. It flags issues, translates, and supports comparisons across candidates.
Robotic Process Automations (RPAs) handle repetitive tasks—like Pillar 2 Guidance calculations—up to 15× faster while improving accuracy.
Athena, using NLP and generative AI, helps inspectors analyse onsite documentation in multiple languages—translating, summarizing, and answering questions to accelerate risk identification.
3. Boosting efficiency and managing the cost of supervision
Cost-effective supervision is vital. Two notable tools:
Delphi consolidates news and market indicators for early warning of bank-specific issues—soon extending to social media monitoring. Together, these tools streamline processes while managing operational costs.
4. Outlook and conclusion
Hoppe underlines how digital innovation has enhanced supervisory methods—making them more interactive, faster, cost-efficient, and proactive. Future developments include:
Olympus: a unified supervisory cockpit integrating previous tools.
Generative AI expansion: to power compliance checks, code assistance, data classification, search capabilities—while staying human-led and compliant with the EU AI Act.
SSM portal vision: a single entry point merging IMAS, CASPER, and STAR to simplify processes for banks.
Thanks, Jorge, for sharing this article with the CuriousAI forum. ECB has published an article title "Benefits from advanced technology infrastructure in supervision" by Frederik Hoppe. 1. Improving interaction between banks and supervisors
Hoppe explains how digital platforms like IMAS, CASPER, and the external STAR portal have revolutionized communication and data exchange.
IMAS (since 2020) provides a secure gateway for banks to submit supervisory applications, monitor their status, and receive updates—all online—reducing manual effort and boosting transparency.
CASPER (since 2022) handles both ad hoc and regulatory data collections, with user-friendly templates, instant validation, and API imports to minimize errors and streamline workflows.
The STAR portal (introduced in 2017) supports stress test submissions with pre-validation, Q&A support, and internal/external data collaboration, ensuring consistent and comparable stress-testing across banks. Integration work is underway for a unified portal experience (IMAS + CASPER + STAR).
2. Speeding up the performance of supervisory tasks
Supervision is more efficient thanks to suptech tools:
Heimdall automates “fit & proper” assessments with machine reading, reducing processing time from 109 to 97 days in one year. It flags issues, translates, and supports comparisons across candidates.
Robotic Process Automations (RPAs) handle repetitive tasks—like Pillar 2 Guidance calculations—up to 15× faster while improving accuracy.
Athena, using NLP and generative AI, helps inspectors analyse onsite documentation in multiple languages—translating, summarizing, and answering questions to accelerate risk identification.
3. Boosting efficiency and managing the cost of supervision
Cost-effective supervision is vital. Two notable tools:
OSICredit (launched 2020) supports end-to-end credit risk inspections.
Delphi consolidates news and market indicators for early warning of bank-specific issues—soon extending to social media monitoring. Together, these tools streamline processes while managing operational costs.
4. Outlook and conclusion
Hoppe underlines how digital innovation has enhanced supervisory methods—making them more interactive, faster, cost-efficient, and proactive. Future developments include:
Olympus: a unified supervisory cockpit integrating previous tools.
Generative AI expansion: to power compliance checks, code assistance, data classification, search capabilities—while staying human-led and compliant with the EU AI Act.
SSM portal vision: a single entry point merging IMAS, CASPER, and STAR to simplify processes for banks.