CENTRAL BANK VIEWS

Brainard52
The future of retail payments in the US
Lael Brainard remains optimistic about the power of technology and innovation to deliver payments safely, immediately, and efficiently when the appropriate safeguards are in place
GPS52
Europe needs a fully-fledged CMU
Luis de Guindos, Fabio Panetta and Isabel Schnabel outline priority areas for reform to foster European capital markets
Bailey52
Reinventing the wheel (with more automation)
Andrew Bailey looks at recent innovations in payments and the challenges they bring, reiterating the Bank of England’s interest in CBDCs and stablecoins
Breeden57
Putting climate scenarios into action
Sarah Breeden shares lessons we have learned from designing and applying climate scenarios, as well as some thoughts on their future, including the vital contribution research needs to make
Panetta53
The two sides of the (stable)coin
Global stablecoins signal the need for change, but they can pose serious risks, says Fabio Panetta
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