Representatives from the Bundesbank, the Federal Ministry of Finance, the ﬁnancial industry, and the real economy are investigating and advancing the idea. One option may be to build a bridge from private blockchain networks to the existing payment infrastructure. Bundesbank experts are exploring the so-called “trigger solution”, which could allow smart contracts to trigger conventional TARGET2 transactions.
These three features of a shared deposit insurance scheme would strengthen the individual responsibility of Member States, banks and shareholders and further incentivise risk-based behaviour. And this would ultimately be to the benefit of the EU and all its member countries. 4. Finding a common way in Europe Ladies and gentlemen, I can’t say it often enough: Europe is our shared opportunity.