Just imagine the significant synergies that could be achieved for example in the field of IT procurement, where the benefits would not only apply to pooling purchasing power but, at the same time, could bring the significant advantage of implementing systems/applications which are fully compatible across central banks which, in turn, would substantially enhance and facilitate cooperation.
Eurosystem central banks will participate in EPCO on a voluntary basis; and also non-euro area central banks have been invited to join this initiative. Central banks expressed their interest in hosting EPCO, and participated in a competitive process.