CBDCs: Potential Impact on Bank Profitability, Asset and Risk Management and Financial Stability

Publication Date
Systemic Risk Centre Special Papers SP 22
Publication Date
Financial Markets Group Special Papers SP 264
Publication Authors

In this paper we discuss whether or not the introduction of CBDCs may impact the profitability of banks and their ability to accumulate capital buffers. We also asses wider financial stability risks, including those potentially deriving from cyber attacks to central banks and discuss the implications for asset and risk management and for monetary policy.