In order to maximize the benefits of digital technology while fully guarding against cybersecurity risk, which is the greatest threat to the digital world, it is becoming increasingly important for the public and private sectors to cooperate in further improving the DX environment. Against this background, the Bank announced its approach to Central Bank Digital Currency in October 2020.
One recent initiative will be of some help, notably the global initiative coordinated by the Committee on the Global Financial System (CGFS) and by the ECB, together with other central banks of the Eurosystem, which plans to launch a qualitative quarterly survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets.