Alignment of IT and business, alignment of IT and HR and alignment of IT and organizational structure. These are all critical to derive true value. Working in silos deprives several benefits. All this should culminate in IT governance as an important component of corporate governance. Security in an IT-based transaction processing environment is also critical. Adequate security controls must be in place.
These objectives of the Union as laid down in Article 3 of the Treaty include especially the goal of high employment and adequate economic growth. So the mandate of the ECB sets clear priorities, but it does not ignore macroeconomic perspectives. Given the experience of the last years, we now again see a far-ranging discussion on monetary policy frameworks and especially monetary policy targets.