Aligning Technology with Policy: A look at the recent Oliver Wyman Forum and Amazon Web Services (AWS) Report
Wednesday 10th August 2022, 14:00 (BST)
In previous sessions of The CBDC Broadcast, we focused on the 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 private forms of digital currencies.
Session #8 of the CBDC Broadcast featured guests, Larissa de Lima from the Oliver Wyman Forum and Erica Salinas from Amazon Web Services, who joined FNA to discuss their joint report: Retail Central Bank Digital Currency: From Vision to Design. The report sets a framework to support policymakers in evaluating the interdependencies between policy and technological choices and highlights the importance of ensuring CBDC motivations, design principles and policy decisions are properly aligned.
The session covered:
- The importance of setting the CBDC vision first and the technical and operational parameters second
- The design principles that impact CBDC design choices and vice versa
- The benefits that including the private sector can have on CBDC design choices
- The three key policy trade-offs when designing a CBDC
- Ledger technologies and CBDCS- what should drive decisions
- The main risk of introducing a CBDC
- The integration of CBDCs and digital identity systems for citizens
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Session #8 Guests
![]() | Larissa de Lima Senior Fellow, Oliver Wyman Forum Larissa is a Senior Fellow with the Oliver Wyman Forum and co-leads the Future of Money initiative. She leads the Forum’s research on Central Bank Digital Currencies (CBDCs) and their impact on the future of financial systems and meets regularly with policymakers of major central banks to discuss those issues. She previously managed the Forum’s Future of Data Initiative, where she led research on attitudes toward sharing data during the pandemic on how value/profit is created and shared across data ecosystems. Prior to joining the Forum, she worked as a consultant for Oliver Wyman, advising financial services clients on adapting to technological and regulatory change. Larissa has a Master’s in Public Policy from the Harvard Kennedy School and an MBA from Harvard Business School. While pursuing her BA in computer science, she conducted research in artificial intelligence and computational neuroscience. She is an avid reader across genres and enjoys writing speculative fiction short stories. | |
![]() | Erica Salinas Global Technical Leader-Blockchain, AWS Erica is a principal-technical program manager and leads the digital assets initiatives within the worldwide public sector at Amazon Web Services (AWS). She is part of the global team that supports central banks and international financial institutions as they seek to achieve their mandates in the midst of rapidly changing technology. Erica finds joy in applying emerging tech to bend history gently in the right direction.
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Missed our previous sessions? Watch the series on-demand
![]() | 23rd February 2023 Project mBridge: Real-Value Transactions through a Cross-border CBDC Platform With: Daniel Eidan (Bank for International Settlements) & Ousmène Jacques Mendang (Accenture)
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![]() | 12th January 2023 Digital Currencies: Coexistence or Competition With: Catherine Gu (Visa) & Carmelle Cadet (EMTECH)
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![]() | 8th December 2022 CBDC Interoperability in Cross-border payments With: John Kiff (Satoshi Capital Advisors) & Simon Chantry (Bitt)
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![]() | 17th November 2022 CBDC Interoperability, Benefits and Implications- A U.S. Perspective With: Commissioner Hester M. Peirce (The U.S Securities and Exchange Commission) & Patrick McCarty (Georgetown University)
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![]() | 5th October 2022 Gaining Momentum: Options for access to and interoperability of CBDCs worldwide With: Anneke Kosse & Illaria Mattei (Bank for International Settlements)
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![]() | 29th September 2022 What CBDC features will drive consumers’ and merchants’ adoption? With: John Velissarios (Accenture) & Raoul Herborg (G+D)
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![]() | 10th August 2022 Aligning Technology and Policy: The Oliver Wyman Forum and Amazon Web Services (AWS) Report With: Larissa de Lima (Oliver Wyman Forum) & Erica Salinas (Amazon Web Services)
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![]() | 20th July 2022 CBDC Motivations and Challenges – A Perspective from Asia-Pacific With: Masaki Bessho (Bank of Japan) & Dr Steven Hu (Standard Chartered Bank)
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![]() | 30th June 2022 Central Banks and Private Money: The Past, Present and Future With: John Kiff (Satoshi Capital Advisors) & Harish Natarajan (The World Bank)
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![]() | 18th May 2022 CBDC Motivations and Challenges – A Perspective from Latin America With: Ludmilla Butueau Allien (Bank of the Republic of Haiti) & Dr Adolfo Sarmiento (Central Bank of Uruguay) |
![]() | 28th April 2022 CBDC Motivations and Challenges- A Perspective from the UK & Canada With: Dr Francisco Rivadeneyra (Bank of Canada) & Mehregan Ameri (Bank of England) |
![]() | 16th March 2022 HSBC & IBM’s Joint CBDC Project With: Mark Williamson (HSBC) & Soren Mortensen (IBM) |
![]() | 15th February 2022 Critical policy issues & Lessons Learned from UK and China With: Jean-Michel Godeffroy (JMG Consulting) & Keith Bear (University of Cambridge) |
![]() | 11th January 2022 Quantifying the Impact of CBDCs With: Dr Kimmo Soramäki (FNA) & Dr Carlos León (FNA) |