Looking at the changing nancial services landscape, I will set out how we, in the Central Bank of Ireland, will deliver our mandate through these challenges, and what we think can be done by you – leaders of rms and businesses – to best manage and mitigate the risks and challenges.
One variant is electronic central bank money, which offers access to a limited group of users such as banks, among whom it is used for funds settlement. This variant, called "wholesale CBDC," adopts new information technologies such as distributed ledger technology (DLT) in settlements using central bank deposits, or central bank liabilities which have been digitized.