Future-proofing Europe’s financial system
Why this matters
This regulatory update discusses the transformation of Europe's financial system driven by technological innovation, particularly in areas like distributed ledger technology and tokenization. It highlights the role of central banks in modernizing payment and settlement infrastructure to enable the use of central bank money in the digital age, while also regulating and supervising the evolving digital ecosystem to ensure safety and consumer protection. The update is of high urgency as it outlines key policy challenges and next steps for central banks in future-proofing Europe's financial system.
AI-generated classification rationale, not a full analysis. Verify with the original CBI source before acting. Full disclaimer.
What the CBI said
In his latest blog, Governor Gabriel Makhlouf argues that central banks must modernise their digital infrastructure and regulatory frameworks to ensure that central bank money remains the stable foundation of Europe's financial system whilst enabling private sector innovation in a digitally transformed ecosystem.
Published by CBI . Read the full notice at the source for the authoritative text.
Context
Central Bank of Ireland (CBI) — Ireland's central bank and financial services regulator. We track 287 updates from them.
Ireland's Central Bank regulates funds and banking sectors. Browse all Ireland updates.
This update is classified under Technology & Cyber, Prudential / Capital Requirements, Consumer Protection / Conduct and Banking & Credit.