For instance, the branch network in Germany is still relatively close-knit and therefore expensive. Digitalisation may help banks to continue to reach a large number of customers, even with a less dense network of branches. I look forward to hearing what Mr Buschbeck and his panel have to say on this matter later. Digitalisation may ultimately also benefit risk management.
Making prompt, well-informed decisions is more challenging than ever. Just think of the increasingly complex connections between markets, countries and products, and the growing dynamism of the markets. Efficient IT architecture – by which I mean systems that are consistent, flexible and accurate 4  BIS central bankers’ speeches  – can give institutions a quick overview of their activities and risks.