4 in an increasingly complex risk landscape, this gives supervisors more time to focus on the most material risks facing banks. 1 / 3 bis - central bankers'speeches so, embedding a strong data culture in supervision is no longer a choice. it is an unquestionable business need. but how exactly do we go about it? supervision at your fingertips : suptech tools clearly, not all supervisors are data scientists. their job is to scrutinise the health of the banks they supervise. bearing in mind the challenges they may face, our goal must be to implement data - driven solutions in a safe and user - friendly way. at ecb banking supervision, a key element of our new digital strategy 2024 - 28 is the idea of "'supervision at your fingertips ". the aim is to enable supervisors to access key information about the risks facing the banks they supervise in just a few clicks, combining the powers of technology, data and innovation. think of it as a " smartphone for supervisors " with a wide range of applications that supervisors can customise to their tasks and preferences. over the past three years, we have been working with national supervisors to develop supervisory technology ( suptech ) tools in order to address a number of pressing business needs. 5 more than a dozen of these tools have already gone live and are making the daily work of supervisors easier. today, over 3, 500 colleagues across european banking supervision can use them to improve risk analysis, the consistency of decision - making and collaboration. athena, a platform driven by artificial intelligence, is one example. it helps supervisors find, extract and compare information from a wide variety of sources, ranging from bank documents and supervisory reports to news articles and other external data. think of it as chatgpt for supervision – helping supervisors identify patterns, extract key insights and improve the quality of their work. but with the development of generative ai, we are also entering uncharted waters. as with any new technology, it brings the challenge of the unknown. this means we have to take all the necessary steps to guard against potential risks. for this reason, athena operates in a safe and secure environment tailored to our supervisory needs, providing supervisors with robust results while ensuring data confidentiality. moreover, we have been clear that supervisors will remain in the driving seat when it comes to taking final supervisory decisions. supervisory judgement is – and always will be – at the core of effective, risk - based supervision. at the same time,

##holm, k., radde, s. and vladu, a., “ tracing the impact of the ecb ’ s asset purchase programme on the yield curve ”, working paper series, ecb, forthcoming. 6 see ecb ( 2018 ), ecb decides on technical parameters for the reinvestment of its asset purchase programme, press release, 13 december. because our holdings of some sovereign bonds at the end of our net purchase phase exceeded the amount implied by the share of these countries in the capital key, we communicated last december that we would start to gradually adjust monthly purchase volumes under the reinvestment phase with a view to reducing cumulated deviations from the capital key without adversely affecting financial conditions. 7 see cœure, b. ( 2017 ), “ bond scarcity and the ecb ’ s asset purchase programme ”, speech at the club de gestion financiere d ’ associes en finance, paris, 3 april. 8 see ecb ( 2019 ), ecb announces details of new targeted longer - term refinancing operations ( tltro iii ), press release, 6 june. 9 further efforts to build a true capital markets union would help extend these improvements by, for example, allowing firms to further diversify their investor base or to issue securities on a pan - european level. see also cœure, b. ( 2018 ), “ the euro area ’ s three lines of defence ”, speech at the conference “ deepening of emu ”, ljubljana, 2 february ; and cœure, b. ( 2018 ), “ the role of the european union in fostering convergence ”, speech at the conference on european economic integration ( ceei ), vienna, 26 november. 14 / 14 bis central bankers'speeches