This holds particularly true for a potential wholesale version. 5 Conclusion Developments in the financial system and requirements for a stable financial architecture are being dealt with by the Center for Financial Studies, the Institute for Monetary and Financial Stability and the Leibniz Institute for Financial Research SAFE (Sustainable Architecture for Finance in Europe).
I am sure that the institutions will continue their critical observation of the necessary considerations and potential steps towards digital central bank money. The work that is being done here is extremely valuable to us as central banks. Because even in an increasingly digital environment, it remains clear that a stable, resilient financial system is crucial to prosperity in Europe.