We can build on a wealth of experience in this field, looking at best practices  BIS central bankers’ speeches  3  from the many central banks in Europe and around the world that combine supervisory and monetary policy functions. Independence and higher standards of accountability The second principle is the need to safeguard the ECB’s independence, implying higher standards of accountability.
If we do not properly manage our IT system, security and legal risks, the Bank of Korea’s external reputation can be greatly damaged. Before any adverse incident occurs there is a tendency for small problems to gradually appear that provide us with forewarnings.