4.9  Information technology system integration  Information technology systems should be able to provide management information that is accurate, timeous and relevant to manage the bank’s risks. A bank’s system should be integrated, there should be minimal manual intervention, and the risks emanating within various departments or divisions should be consolidated in the management reports.
A Portuguese bank has triggered turmoil on the European markets. Are the euro area and its banks still a cause for concern despite all the firewalls that have been put in place? The banking union that the European Central Bank is actively preparing for will boost confidence in the euro area’s banks. BIS central bankers’ speeches  3