How Challenger FMIs are revolutionizing Cross-border Payments Thursday 23rd June 2022 Cross-border payments have always been in the spotlight. They have been criticized for being slow and costly, unable to cope with the demands for efficient payments among individuals, firms and financial institutions from different jurisdictions. Challenger financial market infrastructures are trying to solve […]
Central Banks and Private Money: The Past, Present and Future Thursday 30th June 2022, 14:00 (BST) Throughout history, technological developments, economic growth and the requirement for the effective execution of payments have driven changes to currencies and the financial system- from the first transatlantic cable to the rise of ATMs and credit cards 100 years […]
How Challenger FMIs are revolutionising Cross-border Payments Thursday 23rd June 2022 Cross-border payments have always been in the spotlight. They have been criticized for being slow and costly, unable to cope with the demands for efficient payments among individuals, firms and financial institutions from different jurisdictions. Challenger financial market infrastructures are trying to solve […]
About the Series The payments and FMI landscape are rapidly evolving as new technologies, digital currencies, and disrupters emerge. FMIs and their members must understand the impact of these changes to safely ensure financial and economic stability. Following on from the success of FNA’s monthly CBDC Broadcast, The FMI Broadcast will follow a similar 60-minute format, as it helps […]
The Bank of England’s RTGS CHAPS Renewal Programme Wednesday 25th May 2022 Real-time Gross Settlement (RTGS) systems are the backbone of the repayment system. As the FMI is where key payments settle, the efficient and safe function of an RTGS system is critical in ensuring a stable economy. As the payment landscape evolves, so […]
CBDC Motivations, Challenges and Design Choices- A perspective from Latin America Wednesday 18th May 2022, 14:00 (BST) There are many motivations for rolling out a CBDC, from achieving higher financial inclusion and higher transactional efficiency to preserving monetary sovereignty by compensating for the declining use of cash and by countering the entrance of new […]
About the series The introduction of CBDCs is getting closer, with over 60 central banks looking to introduce digital currencies in the near future. However, there are still many outstanding questions concerning topics such as financial stability, fee income, deposit outlays, disintermediation and, monetary policy. Covering the latest CBDC-related news, events and input from the […]
CBDC Motivations, Challenges and Design Choices- A perspective from the UK and Canada Thursday 28th April 2022 There are many motivations for rolling out a CBDC, from achieving higher financial inclusion and higher transactional efficiency to preserving monetary sovereignty by compensating for the declining use of cash, and by countering the entrance of new […]
The FMI Ecosystem: Recent Developments and the Road Ahead Wednesday 27th April 2022 Technically speaking, Financial Market Infrastructures (FMIs) are multilateral systems used to clear, settle and record payments, securities, derivatives or other financial transactions. Loosely speaking, they are regarded as the plumbing of the financial system, allowing financial institutions to connect to each […]
HSBC and IBM’s joint CBDC Project 16th March 2022 HSBC and IBM recently announced that they successfully designed and tested an interoperable multi-ledger CBDC, securities and foreign exchange settlement capability. Session #3’s guests, HSBC’s Mark Williamson and IBM’s Soren Mortensen joined host Will Towning to offer their views and insights into the project, which […]
Critical policy issues & Lessons Learned from UK and China 15th February 2022 In February’s webinar, guests Jean-Michel Godeffroy and Keith Bear explore critical policy issues surrounding CBDCs and take a look at lessons learned from projects and researchers in China and the UK. The presentations covered: The difference between retail CBDC and Wholesale […]
Quantifying the Impact of CBDCs 11th January 2022 Dr Kimmo Soramäki and Dr Carlos León joined host Will Towning to explain how central banks, commercial banks and other organisations can use simulation technology to understand the impacts of introducing a CBDC? The presentations covered: A brief introduction to simulating payment systems The advantages of […]
