To this end, it is useful and reassuring that the EU Commission has started work in the area of regulation of financial conglomerates. Moreover, it has facilitated a round table discussion among the Chairs of the Committees of the different disciplines: banking, securities market and insurance.
To this end, it is ﬁrst and foremost up to the private sector to develop and provide innovative payment solutions. We central banks need to be at the cutting edge of technology as the payment systems rely on our infrastructure. This includes working on CBDC.