When central bank digital currency is the solution: Future of capital markets and wholesale payments

Virtual panel Virtual
Thu 19 Nov 2020 14:15 - 15:05

Central bank digital currency could transform interbank settlement, offering speed, resilience, and cost efficiency. The motivations for CBDC issuance vary across countries, as do the policy approaches and technical designs. While many central banks in advanced economies are exploring a retail cash-like digital instrument, the emergence of tokenised assets in securities, trade finance, and other wholesale markets is accelerating the demand for a wholesale CBDC as a liquid and free-risk settlement asset. At the same time, innovative payment solutions, platforms and upgrades are in development which do not require a wholesale CBDC.

OMFIF’s Digital Monetary Institute convenes a panel discussion to explore the evolution of the wholesale CBDC, debating its implications and importance for capital market and wholesale interbank payment innovations. The meeting explores alternative developments, such as stable coins, real-time gross settlement renewals and regional payment platforms, homing in on when and how a wholesale CBDC should be presented as a digital solution and the implications for market participants.

Speakers:

Moderator:
Chris Ostrowski, Commercial Director, OMFIF

Timings:
14:15-15:05 (London)
9:15-10:05 (New York)
22:15-21:05 (Singapore)

Please note this panel is a part of the Euroclear Collateral Conference 2020.

This meeting will be conducted under the OMFIF Rules. Registrant data will be shared with Euroclear for event administration purposes.

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.