The European Central Bank (ECB) has appointed 30 senior business professionals from a range of financial institutions and related organizations to its market advisory group for the digital euro project, according to a media statement.

Fast facts

  • The appointment of industry members to the advisory group follows the ECB’s launch of its digital euro project in July. The investigation phase of the digital euro project is ongoing and is expected to last 24 months.
  • The 30 members include representatives from Deutsche Bank, Banque Populaire Caisse d’Epargne, European Payments Council, CaixaBank, National Association of German Cooperative Banks, Accenture Strategy & Consulting, La Banque Postale, Stripe, Nordea and Société Générale.
  • Members of the advisory group will act in a personal capacity and advise on the design and distribution of a potential digital euro, the statement said. Representatives from the European Commission and Eurosystem national central banks will also participate in the group.
  • “I am pleased that many high-quality experts from the private sector are willing to contribute to the digital euro project,” said ECB Board Member Fabio Panetta, chair of the Eurosystem’s high-level task force on Central Bank Digital Currency. “Their expertise will facilitate the integration of prospective users’ and distributors’ views on a digital euro during the investigation phase.”

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