In 2021, the European Central Bank (ECB) launched a state-of-the-art cloud-based digital Virtual Lab to fast-track innovations in European banking supervision, across multidisciplinary and cross-national teams.

“To be a world-class supervisor, it is of great importance that we work together across the Single Supervisory Mechanism [SSM] to enhance our knowledge of new technologies and foster innovation in our processes,” says Daniela Schackis, deputy director general of SSM governance and