Project owner | HELLENIC CAPITAL MARKET COMMISSION (LEGAL PERSON GOVERNED BY PUBLIC LAW) |
Project operator | Ministry of Finance |
Budget | €11,883,000.00 (exclusive of VAT) |
What is the object of the project?
The object of the project consists in upgrading the IT and Security Systems of the Hellenic Capital Market Commission by procuring additional mainframe equipment (data storage, network and security equipment) and system software, as well as by procuring and/or developing information systems for the needs of the Hellenic Capital Market Commission and providing related services and cybersecurity services.
More specifically, the object of the project and, by way of extension, the contractor’s obligations include the following:
- Supply of equipment and system software.
- Supply, installation and configuration of the Market Surveillance Information System.
- Development, installation and configuration of the Information System for data collection, processing, analysis and monitoring.
- Cybersecurity services to ensure the defence and resilience of the Hellenic Capital Market Commission’s systems in cyberspace.
- Services for preparing the Project Implementation Study.
- Initialisation services for the environment in which the new information systems are to be installed.
- Installation, configuration and optimisation services for the operation of the equipment, system software and information systems.
- Services for data migration to the new information systems.
- Additional services to support the operation of Hellenic Capital Market Commission and, where appropriate, to extend the functionality of the information systems.
- Training services.
- Pilot operation services.
- Productive operation services.
- Help Desk services.
- Project management services.
- Warranty and maintenance services.
What are the purpose and objectives of the project?
The project aims to optimise, through digital modernisation, the digital capabilities of the Hellenic Capital Market Commission and to strengthen its digital internal processes and organisation.
More specifically, the Hellenic Capital Market Commission aims to ensure the strengthened supervision of capital markets through digital transformation, as well as to ensure legal reform and the digitisation of its internal procedures and organisation.
As the Hellenic Capital Market Commission’s existing information systems are unable to fully cover the needs resulting from recent supervisory trends and new regulations, given the limited resources available to the Hellenic Capital Market Commission in recent years, the Hellenic Capital Market Commission aims to restructure and develop its existing information systems, in terms of high cybersecurity, with a view to ensuring efficient management of data received, stored and processed in relation to capital market participants, which are subject to its supervision.
The Hellenic Capital Market Commission aims to improve its operational capacities, in respect of data management in particular, and to make structural changes. These changes will allow the Hellenic Capital Market Commission to streamline procedures, to bring its different directorates closer to each other, and to exploit technology and adopt state-of-the-art technological solutions in data management and data analysis, which will allow it to strengthen its role as a supervisory authority of the Greek market.
What are the expected benefits from the implementation of the project?
The upgrading of the Information and Cybersecurity Systems of the Hellenic Capital Market Commission will result in a number of benefits, such as:
- Increased capital market supervision capabilities.
- Increased productivity through faster processing.
- Increased efficiency and effectiveness of procedures.
- Release of production capacity with a view to improving the quality of the Hellenic Capital Market Commission’s control and supervisory procedures.
- Modernisation of the functioning of the Hellenic Capital Market Commission and of how capital markets are supervised.
- Enhanced data protection and security.
- Saving of resources by reducing operating costs.