Furthermore, frequent and regular reporting to the board is necessary to ensure progress versus agreed targets is achieved. However, in order to develop ambitious, yet realistic strategies to reduce NPLs, boards first need to gain a clear understanding of the full context in which they operate. It is clear, at present, many boards have not yet established this.
What also needs to be organised is how a token-based CBDC (Central Bank Digital Currency) can be made interoperable with the traditional world of bank accounts. The most striking difference may concern how CBDC (Central Bank Digital Currency) is perceived by its users.