In-person event is over

CEPS’40th anniversary/A digital euro beyond impulse – think twice, act once

Finance

When
Wednesday
Where
CEPS
1, Place du Congrès - 1000 Brussels

This in-person event is free and open to the public but registration is mandatory.

In-person event

CEPS’40th anniversary/A digital euro beyond impulse – think twice, act once

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In-person event:


With the launch of an official digital euro, the ECB will enter into the uncharted territory of payment systems and bank accounts. This raises fundamental questions about the role of a central bank and the possible impact on the private provision of credit. It’s not out of the realm of possibility that retail client accounts with the ECB could become trigger for a new crisis. Before embarking on this ambitious endeavour, the ECB needs to stop and think twice.

As a retail CBDC, the digital euro is intended to serve different objectives, including as a new means of retail payment, as well as serving as a monetary anchor for the payments system, and increasing financial inclusion. Additionally, a digital euro – depending on its specific design features – has the potential to deliver benefits for end users (e.g. individuals, merchants and businesses) in terms of costs, settlement, privacy, and innovation. However, this combination of objectives and benefits comes with a set of complexities and risks, all of which require thorough consideration and a careful design.

Set up in April 2023 to examine how the digital euro could contribute to the future of payments and the role it should play in it, a dedicated CEPS Round Table brought together a balanced working group of market operators and infrastructure providers, central bank representatives, regulators, and academics to exchange views in several high-level discussions.

The report, ‘A digital euro beyond impulse – Think twice, act once’, explores how the digital euro could contribute to the objectives being pursued with the project and analyses the main challenges that will need to be addressed for it to succeed. The report puts forward recommendations on what is necessary to be done prior to making the final decision over whether to issue a digital euro, as well as the approach to be followed once such a decision has been made.

More speakers to be confirmed

This event is part of the “40th anniversary of CEPS” series, more information on the dedicated website

This event will be followed by a lunch

 

Host
Karel Lannoo Karel Lannoo
Karel Lannoo

Chief Executive Officer

Speakers list
Jose Antonio Alvarez

Chair of the Round Table; Vice Chairman, Santander

Teresa Mesquita

Chief Product Officer, SIBS

Peter Bofinger

Professor of International and Monetary Economics, University of Würzbürg

Miki Kuusinen

Adviser, Payment Systems Department, Bank of Finland

Michiel Hoogeveen

MEP

Bruno Monteil

Digital Currency Expert, Banque de France