UBS CEO says digital euro not risky if done properly
FILE PHOTO: Designated new CEO Ralph Hamers of Swiss bank UBS attends a news conference in Zurich, Switzerland, February 20, 2020. REUTERS/Arnd Wiegmann
MILAN: A digital euro would carry benefits in terms of "fast and cheaper" execution as well as trustworthiness, UBS Chief Executive Ralph Hamers said on Tuesday.
"It would ensure that there is integrity and with that trust in the system that upholds the euro," he told a student conference on financial education.
"It's not risky if done well."
Source: Reuters
