Two important aspects are the resolutionof already impaired assets, and better accounting for impaired assets for the future. Despite recent progress, the level of non-performing loans (NPLs) on European banks’ balance sheets remains high.7 At the end of 2016, the stock of gross NPLs in the EU banking sector was around € trillion.
A 2006 study conducted by The Standish Group found that only 35 percent of all IT projects succeeded while the remainder (65 percent) were either challenged or failed. Many surveys have consistently revealed that 20 to 70 percent of large‐scale investments in IT‐enabled change are wasted.