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Despite the resilience of supervised institutions over the last year, the operating environment remains uncertain, as it continues to be shaped by the impact of the COVID-19 pandemic. Against this background, ECB Banking Supervision, in cooperation with the national competent authorities, has set its strategic priorities for the next three years.
Full impact of the pandemic may only be felt in the medium term, after expiration of emergency aid;
Ensuring that bank sector stays resilient is crucial.
The pandemic has exacerbated structural vulnerabilities of the banking sector;
Focused initiatives to address persisting deficiencies both in the area of digital transformation and in the steering capabilities of management bodies.
Banks are being challenged by a number of emerging and evolving risks;
Necessity of proactive mitigation and monitoring of the situation.