Interesting article in Computerworld UK titled "Bank of England doesn't need a Chief Digital Officer, claims CIO" citing Bank of England's recently appointed CIO John Finch.
One of the core sentences in this article: "Speaking at Gartner's Symposium in Barcelona this week, Finch detailed his vision for the BoE [Bank of England] to become a 'digital social enterprise', but said that this will be achieved by ensuring that the entire senior executive team is technology savvy."
Mr. Finch' statements (as cited in this article) promote a long-due paradigm shift in the self-understanding of senior managers, applicable not only at the Bank of England.
However, I take a slightly different view on what will be a must-have for senior managers to qualify as such in the future. In a nutshell: The business of any financial institution is nothing else but trading with information. Accordingly, it is indispensable that all senior executives are 'information-savvy' (not necessarily 'tech-savvy' which ought to be the IT's/CIO's domain) and assume responsibility for their respective business-area's information model aligned with the institution's Enterprise Data Architecture.