Overseeing major technology upgrades and associated risks

May 2022

In the first half of 2022, including meetings on April 6 in London and April 14 in New York, Bank Governance Leadership Network (BGLN) participants discussed how boards, management, and regulators are overseeing major technology investments and the associated risks, and what the growth of DeFi could mean for the industry. This ViewPoints synthesizes the key themes emerging from these discussions:

  • Moving on from legacy banking platforms
  • Assessing the efficacy of technology investment
  • Understanding the risks—and increased security and resiliency—of modern banking systems
  • Anticipating how DeFi could further disrupt traditional banking