Introducing a central bank digital currency (CBDC) will have far-reaching implications for the operations of the issuing central bank and the risk it faces. Both will depend mainly on the particular design adopted and on a large range of factors internal and external to the central bank. This report analyses the operating, technology, thirdparty and business continuity risks for the issuing central bank. It therefore provides a useful complement to other work on CBDCs, which tends to focus on their implications for financial stability, monetary policy and the wider economy. The report proposes an integrated ... (full story)