As members of the ECB’s Governing Council, we aim to speak with one voice or to “sing from the same hymn sheet” when we communicate to the public the Eurosystem’s policies that we have jointly decided.
Similarly, the Federal Reserve is committed to ensuring that our supervision is well positioned with appropriate staffing, training, and resources to understand and effectively examine cyber risk. We recognize that expertise in this area is critical for our success as well, and the Reserve Banks have been actively recruiting seasoned cybersecurity and IT specialists, while also working to develop in-house expertise.