The reliability and security of our critical infrastructures are thus of utmost importance to us. Therefore, the Bundesbank takes the outage of the ECB’s TARGET2 platform in October very seriously. I fully support the announced independent review on payments infrastructure. We need to identify lessons learned and take proper actions in order to continue providing highly eﬃcient and reliable infrastructures.
In the remainder of my talk, I would like to discuss some opportunities and risks of offering CBDC to the general public and also elaborate on other payment solutions – topics that will surely be discussed further in the course of this conference. 2 Opportunities and risks of retail CBDCs As such, digital money is not new.