CBDCs and commercial banks: Evolution or Revolution?
ING-DMI Digital Forum
As countries around the world accelerate the development of retail central bank digital currency, the impact on commercial banks and their role in this endeavour remain uncertain. OMFIF’s Digital Monetary Institute, in partnership with ING Group, convene a panel discussion to explore what a retail CBDC public-private partnership would look like and how this would shape banks’ business models.
The panel discusses the potential division of labour between central banks, commercial banks and technology companies. It also assesses how non-bank providers’ participation in a CBDC roll-out could impact traditional banks’ strategy and operations, as well as wider implications for global banks if digital currency is adopted for cross-border payments.
This virtual discussion is part of the OMFIF Digital Monetary Institute. OMFIF, the global central banking think tank, proudly announces the launch of the OMFIF Digital Monetary Institute on 5 May. The OMFIF Digital Monetary Institute creates a high-level college which convenes key policy-makers, technologists, financiers and regulators to explore the challenges, opportunities and implications of digital finance in the 2020s. See more information on OMFIF’s DMI here.
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