Recent research suggests more than 90% of European insurers have already implemented measures to enhance digital capabilities, including data analytics and artificial intelligence, or have plans to do so within next twelve months.12 Other key shifts include our ageing society, the greater integration of Europe’s Single Market, the growing role of Asia in the global economy, and the impact of mankind on the world’s biodiversity, never mind climate change.
This is aimed at the provision by the Eurosystem of settlement facilities in central bank money for all euro-denominated securities transactions. Discussions with the banking and securities communities on this initiative are ongoing. Oversight The oversight of payment systems is a core central banking function.