I would also like to take the opportunity today to acknowledge and all the respondents to the public consultation on the development of a national resolution framework for insurers and reinsurers for their contributions. Shortly after the launch of the consultation, the European Commission published its own proposal for a harmonised EU Insurance Recovery and Resolution Directive (IRRD).
Strict segregation of data between intermediaries and the Eurosystem, as well as privacy-enhancing techniques, would ensure that the Eurosystem cannot link any visible data to the identity of a digital euro user.10 The fact that settlement is performed by the Eurosystem does not imply that we would manage the accounts of users.