Open Banking Expo: CBDC Event

If the prospect of Central Bank Digital Currencies interests you, join our virtual event, 28 April. It is free to attend and features leading visionaries from HSBC, Payments Canada, Sveriges Riksbank, The World Bank, Bank of England, Deutsche Bank & BIS With more movement on Central Banks prioritising digital currencies, join us and delve into the latest projects to understand the CBDC perspectives of both central and commercial banks. Speakers Include: Oliver Sigrist, Advisor, BIS Will Lovell, Head of Future Technology, Bank of England James Pomeroy, Global Economist, HSBC Harish Natarajan, Lead – Payment Systems Development Group, The World Bank Marion Laboure, Macro Strategist, Deutsche Bank Cyrielle Chiron, Head, Research and Strategic Foresight, Payments Canada Johan Schmalholz, Advisor Payment Infrastructure/Senior Economist, Sveriges Riksbank Segun Bewaji, Team Lead, Senior Economist, Payments Canada Event Highlights: Review both wholesale and retail CBDC projects to understand where the industry stands on CBDC and how this is likely to progress over the next 5 years Analyse the need for CBDCs by considering the value proposition such as financial inclusion, payment infrastructure and digital exchanges With the potential benefits in mind, discuss the risks and uncertainties of CBDC such as regulation, consumer protection and financial stability Explore the design elements of CBDCs and share innovative ideas around what the framework should look like Examine the other solutions to CBDC such as cryptocurrencies and stable coins to understand if CBDC is the only answer or these elements can work in tandem Event Agenda: 10:30am GMT BIS Presentation: Project Helvetia: Settling Tokenised Assets in Central Bank Money Gain an overview of Project Helvetia and explore lessons learned Provide insights into the ongoing work of the project Put the project in context with broader developments in the wholesale CBDC space Oliver Sigrist, Advisor, BIS 11:00am GMT Panel Discussion: Wholesale CBDCs – The Future or a Complex Solution? Review the most important wholesale CBDC projects to determine whether CBDC will move out of exploration and experimental stages to transform the traditional wholesale environment Explore the value proposition for wholesale CBDCs including digital exchanges, cross border payments and wider payments systems Consider and understand the framework for a wholesale CBDC delving into the design, the use of DLT, and interoperability Consider the uncertainty around wholesale CBDC to understand if the benefits of CBDCs outweigh the risks: Regulatory questions, Coexisting with fiat currency, Taxonomy and global standardisation, Ecosystem development, Other solutions than CBDCs to improve wholesale inefficiencies James Pomeroy, Global Economist, HSBC Segun Bewaji, Team Lead, Senior Economist, Payments Canada Will Lovell, Head of Future Technology, Bank of England 12:00pm GMT Panel Discussion: Retail CBDC: Weighing up the Benefits and Risks Explore how retail CBDC will need to coexist with; and complement fiat currency, and how digital currencies will be classified – will this be e-money? Consider the use cases for retail CBDCs and weigh up if digital currencies are the best solution to improve the likes of financial inclusion, payment systems and cross border payments Delve into the technical and design questions when building CBDCs and discuss how this system will work Discuss the risks associated with retail CBDCs including regulation and legislation between geographies, consumer protection and trust, and financial stability Touch on how/if retail CBDCs can complement Open Banking initiatives to ensure current regulation doesn’t suffer from new innovation Cyrielle Chiron, Head, Research and Strategic Foresight, Payments Canada Johan Schmalholz, Advisor Payment Infrastructure/Senior Economist, Sveriges Riksbank Harish Natarajan, Lead – Payment Systems Development Group, The World Bank Marion Laboure, Macro Strategist, Deutsche Bank