CBDC as a unified and integrated currency system: wholesale, retail and financial sector interoperability
Wholesale and retail central bank digital currencies both have the potential to improve efficiency and financial innovation. Policy-makers and central banks are now increasingly acknowledging the opportunities that CBDCs present for the digital economy but are also assessing likely challenges.
OMFIF’s Digital Monetary Institute, in collaboration with Giesecke+Devrient, is convening a private roundtable to explore how central banks can leverage a unified and integrated digital currency system for wholesale and retail transactions while ensuring interoperability. By issuing CBDCs, central banks can introduce a safe, trusted and widely accessible digital means of payment for both business and the wider public while paving the way for a tokenised monetary architecture.
This in-person roundtable provides a forum for informal exchanges and a deeper understanding of participants’ perspectives.
Speakers
José Manuel Marqués
Director Financial Innovation and Market Infrastructures Department
Banco de España
José Manuel Marqués
Director Financial Innovation and Market Infrastructures Department
Banco de España
José Manuel Marqués is Head the Financial Innovation and Market Infrastructures Department Bank of Spain (Banco de España). In this position, he coordinates the contribution from Bank of Spain to Infrastructures related with the TARGET Services (Target 2 Securities and Eurosystem Collateral Management System) and Market Activities Processing System. He also coordinates the analysis of the main trends transforming the financial system: Big tech and Fintech, Cryptocurrencies, CBDC, Artificial Intelligence and Machine Learning, Blockchain and DLT. Marqués has joined Bank of Spain in 1996 and has written a number of articles on financial markets and is chair of the Working Group of Green Finance in the BIS Innovation Network and represent Bank of Spain on the High Level Taskforce on the digital euro, the CEMLA Foro Fintech. He has a BA in Economics and Business from University of Zaragoza, and an MSc from University Pompeu Fabra, Barcelona.
John Orchard
Chairman, Digital Monetary Institute
OMFIF
John Orchard
Chairman, Digital Monetary Institute
OMFIF
Wolfram Seidemann
Chief Executive Officer
Giesecke+Devrient Currency Technology
Wolfram Seidemann
Chief Executive Officer
Giesecke+Devrient Currency Technology
Dr. Heike Winter
Head of Department: Analysis, Policy, Ecosystem Digital Euro
Deutsche Bundesbank
Dr. Heike Winter
Head of Department: Analysis, Policy, Ecosystem Digital Euro
Deutsche Bundesbank
Sponsors
