European Central Bank Banking Supervision published a Supervision Newsletter article setting out how its supervisory technology infrastructure supports the Single Supervisory Mechanism, including more digital interaction with supervised banks, faster processing of supervisory tasks and earlier identification of emerging risks. The overview describes the main bank-facing platforms for submissions and exercises, including the IMAS portal (launched in 2020), the centralised submission platform CASPER (widely adopted since 2022 for ECB ad hoc data collections beyond standard regulatory reporting) and the external stress tests account reporting (STAR) portal (introduced in 2017). It also highlights suptech tools used internally, including Heimdall for fit and proper assessments, which contributed to a reduction in average processing time from 109 days in 2023 to 97 days in 2024, more than one hundred robotic process automations that can complete tasks up to 15 times faster than manual processes, and Athena for AI-enabled translation and document analysis during supervisory work such as on-site inspections. Additional tools cited include OSICredit for credit risk on-site inspections, Agora as a unified supervisory data infrastructure, Navi for graph-based network analysis (including ownership structures and bank exposures to non-bank financial institutions), and Delphi for news-based monitoring with a planned extension to social media-based alerts. Looking ahead, the ECB points to further integration of data collection and interaction channels, including integrating the STAR portal with IMAS and CASPER and working towards a unified “SSM portal” that merges IMAS and external STAR while integrating more deeply with CASPER. It also references ongoing initiatives under the Olympus project to improve internal usability and integration of supervisory IT solutions, and additional generative AI projects under development (including compliance checks, programming support, and enhanced search and classification), with implementation framed by the EU AI Act risk framework and transparency requirements.
European Central Bank - Banking Supervision 2025-05-14
European Central Bank Banking Supervision outlines its suptech stack and plans to consolidate IMAS and STAR into an SSM portal
The European Central Bank Banking Supervision outlined enhancements to its supervisory technology infrastructure for the Single Supervisory Mechanism, focusing on digital interactions, faster task processing, and early risk identification. Key platforms include the IMAS portal, CASPER, and STAR, with suptech tools like Heimdall and Athena improving efficiency. Future plans involve integrating data collection channels and developing generative AI projects within the EU AI Act framework.