On the finance track, we aim to expand the narrative beyond financial stability and financial integrity concerns to capture the cross-sectoral and macro-financial implications and risks. We are working towards strengthening financial institutions’ ability to manage third-party risks and outsourcing, inter alia, arising from BigTech and FinTech, and also enhancing global cooperation to strengthen the financial sector’s cyber resilience.
9 One of the channels through which managerial practices enhance firm performance has been found to be the increased capability of firms to absorb new technologies.10 Certainly there is potential to improve education systems in the euro area and thereby to give greater numbers of graduates the necessary technical and scientific skills.