These challenges and risks include the need of reaching consensus among a wide range of stakeholders, the complexity of governance arrangements, and the concentration of operational and cyber risks. At the same time, the increasing digitalization of our economies – including the development and potential introduction of central bank digital currencies – offers large potential opportunities, ones that have yet to be fully explored.
These risks and opportunities will be considered later today in the panel session on “New Payment Infrastructures” and in the session that will follow, which will take a closer look at some operational facets of two new technologies, namely, DLTs and CBDCs.