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Bank Of England: Minutes Of The CBDC Engagement Forum - November 2021 - First Meeting Of The CBDC Engagement Forum

<div class="section-heading"> <h2 id="chapter-0"><span>Minutes</span></h2> <p><span>Date: 2 November 2021</span></p> </div> <div class="section-heading"> <h3 id="chapter-0-0"><span>Item 1: Objectives and format of the Engagement Forum meetings</span></h3> <p><span>Co-chairs Gwyneth Nurse and Jon Cunliffe welcomed the Members and attendees to the first CBDC Engagement Forum meeting. They noted that exploration of CBDC is a multi-year project that is now in the research phase, with the goal of clearly identifying the objective for a UK CBDC, determining the strength of any case for it, the nature of risks, and analysing the possible design, function, and operating model of any CBDC. The Bank of England and HMT&rsquo;s aim is to move towards a stance on whether or not a CBDC is needed in the

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