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The European Central Bank (ECB) is inviting payments and financial services experts to express their interest in contributing to the drafting of a rulebook for a digital euro scheme.
To support the drafting of a scheme rulebook, obtain market input and gain an industry perspective, the Eurosystem has announced that it is establishing a digital euro scheme Rulebook Development Group.
Advertised on January 3, this group will be composed of market representatives with relevant experience, as well as Eurosystem staff.
The Rulebook Development Group will be mandated to assess the design decisions taken by the ECB’s Governing Council in regards to the digital euro programme.
It will report to the Chair of the Rulebook Development Group, Christian Schäfer, who will, in turn, report directly to the Digital Euro programme manager, Evelien Witlox.
Candidates who want to put themselves forward are required to apply with a CV, as well as answering a series of questions:
- What interest does your nominating stakeholder association have in the success of a digital euro in general and the Rulebook in particular?
- What professional experience qualifies you to participate in the drafting of the digital euro scheme Rulebook?
- What specific knowledge (e.g. technical or payment standards knowledge) will you and the stakeholder association you represent be able to contribute to the drafting of the rulebook?
- How do you plan to coordinate with the stakeholder association you represent?
- What motivates you and the stakeholder association you represent to participate in a group dedicated to creating a scheme rulebook for a digital euro?
To participate, market representatives will also need to be nominated by a relevant European stakeholder association representing key players in the European retail payments market.
The ECB says it is looking for candidates from both the supply side, including banks, payment service providers and e-money institutions, as well as consumers, retailers and businesses from the demand side to partake.
Candidates will be selected by the Digital Euro team based on their managerial experience in retail payments and the skills required for the role, according to the ECB’s announcement.
Successful candidates meanwhile will become members of the digital euro scheme Rulebook Development Group, representing their respective stakeholder association, once it begins its work in February.
Applicants have until January 20 to apply.
