What markets won't fix: do payments need public intervention?
Live: Tuesday 1 December, 15:30 - 16:30 (UK), 10:30 - 11:30 (NYC), 22:30 - 23:30 (SNG)
Payments systems worldwide are evolving, with central banks seeking to improve efficiency, strengthen resilience and ensure that payments systems continue to meet the needs of users across all segments of society. As stablecoins gain traction and cross-border payments continue to face challenges around cost, speed and reliability, central banks are considering where public intervention may be needed to support competition, inclusion and monetary sovereignty.
To explore how central banks are responding, OMFIF’s Digital Monetary Institute, in partnership with Giesecke+Devrient, has conducted a survey with central banks, examining their views on the challenges affecting their payments markets and their attitudes towards central bank digital currencies as a potential solution. The results of this survey will be featured in a forthcoming report, produced in partnership with G+D.
Join us to learn which payments issues central banks see as most urgent and discuss what it will take to build a more resilient and inclusive payments system.
Speakers
John Orchard
Wolfram Seidemann
Partners
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About the Digital Monetary Institute
OMFIF’s Economic and Monetary Policy Institute is a trusted forum that convenes a global community of central banks, finance ministries, regulators, banks, investors, consultants and other organisations to explore the future of the global economy.
The bedrock of EMP is our off-the-record roundtables with key policy-makers across the world, allowing members to actively discuss the factors shaping economic policy and market trends. In 2024, we hosted over 30 in-person membership events across the UK, Germany and the US as well as more than 20 virtually, with over 1,000 members across the public and private sector registering to attend.
Moreover, through our market-leading Global Public Investor series, we have engaged with 160 central banks, public pension funds and sovereign funds across the world to explore their main investment strategies. We aim to deepen our engagement in 2025 through a new working group on reserve management diversification strategies.
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