We welcome the aim to streamline and harmonise any overlapping regulatory requirements or supervisory expectations. If the ESAs increasingly engage in supervising cloud providers, they must ensure that they do so in an efficient manner and without duplicating any work. One issue should be examined only once and by just one authority.
And, while there is a clearly defined objective that we as a central bank need to achieve, the means for achieving it are not strictly specified – though in Serbia, like in other countries of the region, it is often much more important to find a good excuse than to face reality.