Mario Draghi: European banking supervision three years on Welcome remarks by Mr Mario Draghi, President of the European Central Bank, at the second ECB Forum on Banking Supervision, Frankfurt am Main, 7 November 2017. * * * It is my pleasure to welcome you to this second ECB Forum on Banking Supervision.
Along with financial innovation, the risk management systems of banking organizations also began to evolve around this time because of advances in information technology, which significantly reduced the cost of obtaining and analyzing data and increased the sophistication of risk management models. More sophisticated risk management systems gave banking institutions a more accurate view of their risk-adjusted returns on capital.