Post by European Central Bank

In an uncertain risk environment, financial conglomerates or “bancassurers”: are navigating a much more complex landscape than stand-alone banks, says Supervisory Board member Anneli Tuominen. Their combined model creates additional risk channels – from cyber and AI vulnerabilities to geopolitical uncertainty and exposures via non-bank financial institutions – meaning shocks can spread faster and more intensely. To stay resilient, they need to: 🔹strengthen governance and risk oversight 🔹invest in operational resilience 🔹improve crisis communication, both internally and externally At the same time, regulators have a role to play – by simplifying rules and deepening European integration so that banks can focus on managing real risks, not complexity. Read the speech to learn more 👉 https://lnkd.in/dDT_J8ym