With:
\n\n| Anneke Kosse, Senior Economist (Bank for International Settlements)
\n| Ajit Desai, Principal Data Scientist (Bank of Canada)
Given the substantial volume of transactions processed daily, finding anomalies is much like finding a needle in a haystack. So, how can Anneke Kosse and Ajit Desai’s novel machine-learning framework enhance transaction monitoring?
\n\nAnnke Kosse and Ajit Desai discuss their framework and how it significantly enhances the resiliency and efficiency of payment systems in this Payment Systems Broadcast.
","summary":"Annke Kosse and Ajit Desai discuss their framework and how it significantly enhances the resiliency and efficiency of payment systems in this Payment Systems Broadcast.","date_published":"2024-11-07T15:00:00.000+00:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/8ad9d840-9818-412c-a12e-5f738c55baa1.mp3","mime_type":"audio/mpeg","size_in_bytes":68773090,"duration_in_seconds":2863}]},{"id":"7caaf59b-1bae-45ea-8d00-49df912a3037","title":"CBDC Broadcast #28 - rCBDC Adoption: Consumers, Merchants and Intermediaries","url":"https://fna.fireside.fm/cbdcbroadcast-28","content_text":"The session follows Natsuki and Tunathon’s recent contribution to the IMF’s CBDC Virtual Handbook as we explored how strategic policy decisions and engaging intermediaries and end-users are key to addressing issues such as trust, public awareness and preference for existing payment methods. \n\nWe also looked at the recently introduced REDI Framework and how the regulatory strategies, educational initiatives, design, and deployment choices it outlines help pave the way towards CBDC adoption. \n\nThe session covered:\n\n\nThe Regulatory frameworks that offer the best prospects for fostering innovation while ensuring user protection \nThe IMF’s CBDC Virtual Handbook and the potential implications on global CBDC Strategies\nThe key opportunities and challenges that CBDCs present for cross-border transactions \nThe importance of public-private partnerships in supporting the successful implementation of CBDCs. \n","content_html":"The session follows Natsuki and Tunathon’s recent contribution to the IMF’s CBDC Virtual Handbook as we explored how strategic policy decisions and engaging intermediaries and end-users are key to addressing issues such as trust, public awareness and preference for existing payment methods.
\n\nWe also looked at the recently introduced REDI Framework and how the regulatory strategies, educational initiatives, design, and deployment choices it outlines help pave the way towards CBDC adoption.
\n\nThe session covered:
\n\nWith:
\n\n| David McKay (HSBC Innovation Bank)
\n| Chad Reimers (TransUnion)
As consumer scams and fraud become more sophisticated and complex, finding effective strategies and solutions to protect consumers becomes increasingly imperative.
\n\nIn session #16 of the Payment Systems broadcast, guests David McKay (HSBC Innovation Bank) and Chad Reimers (TransUnion) joined FNA to share their insights on how to effectively tackle the ever-evolving threat of fraud, safeguard consumers, and maintain trust in the financial system.
\n\nTogether, we explored the current trends and tactics organizations are deploying to combat fraud and the innovative technologies and strategies emerging to help protect consumers.
\n\nThe session covered:
\n\nWith:
\n\n| Arvinder Bharath (International Monetary Fund)
\n| Beju Shah (Bank for International Settlements)
Session #27 of FNA’s CBDC Broadcast delves into Project Polaris- a collaborative initiative focusing on the exploration and analysis of potential risk and mitigation strategies associated with tokenized securities and Central Bank Digital Currencies (CBDCs)
\n\nGuest Arvider Bharath (IMF) and Beju Shah (Bank for International Settlements) joined FNA to guide us through the project, which aims to provide a comprehensive understanding of how these emerging financial technologies can impact the stability of the financial system. We also discussed the role and importance of technologies like blockchain and international collaboration as guests shared case studies and lessons learned from the project.
\n\nWith:
\n\n| Cameron Nili (Accenture, World Economic Forum)
\n| Sandra Waliczek (World Economic Forum)
Overview
\nGuests Cameron Nili (Accenture, World Economic Forum) and Sandra Waliczek (World Economic Forum) joined FNA to give an insight into their newly published report, ‘Modernizing Financial Markets with wCBDC‘ as we took a closer look at the key concepts explored in the report, highlighted potential benefits and challenges associated with wholesale CBDCs, and discussed critical policy considerations for central banks.
The session covered:
\n\n| David Chaum (CEO Elixxir.io & Original Founder of XX.network)
\n| Animesh Ghosh (Founder & CEO, Currency Network)
In this session of FNA’s 60-minute webinar series, The CBDC Broadcast, guests David Chaum and Animesh Ghosh join us to offer insight into Currency Network’s vATM solution.
\n\nWe’ll hear how this innovative CBDC solution aims to break down the barriers to CBDC adoption by simplifying and reducing the cost of CBDC implementation as our guests discuss how the vATM solutions offer frictionless CBDC payments through the contactless PoS system while ensuring cash-like privacy by combining advanced cryptography with financial messaging.
\n\nThe session covered:
\n\nWith:
\n\n| Thomas Moser (Alternate Member of the Governing Board, Swiss National Bank)
\n\n| David Newns (Head of SIX Digital Exchange)
\n\nGuests Thomas Moser and David Newns joined FNA to explore the third phase of Project Helvetia, in which the Swiss National Bank and SIX test the introduction of a live CHF wholesale CBDC on a distributed ledger technology (DLT)- based financial market infrastructure.
\n\nIn this session, we focused on the liquidity management implications of settling tokenized assets in Central Bank money, assessing the impact on liquidity demands and liquidity fragmentation risk before considering the lessons learned from the pilot project so far.
\n\nThis third phase of Project Helvetia continues pivotal work previously undertaken alongside the Bank for International Settlements. The multi-phase project is a significant endeavour aiming to understand how central banks could offer settlement in central bank money.
","summary":"Guests Thomas Moser and David Newns explore the third phase of Project Helvetia, in which the Swiss National Bank and SIX test the introduction of a live CHF wholesale CBDC on a distributed ledger technology (DLT)- based financial market infrastructure","date_published":"2024-04-10T15:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/ad452a35-f7a0-4cdc-84e4-885772de1214.mp3","mime_type":"audio/mpeg","size_in_bytes":77966631,"duration_in_seconds":3247}]},{"id":"98e8fd7a-7eef-40d0-81cd-1f8d75887211","title":"Payment Systems Broadcast #15 - Safeguarding Digital Finance","url":"https://fna.fireside.fm/paymentsystemsbroadcast-15","content_text":"With:\n\n| Ivan Mortimer-Schutts (Advisor, SIMBAS)\n| David Rennie (Digital Identity & Data Assurance Specialist at IDEMIA & DPF Privacy & Identity Working Group Lead)\n\nIn today’s digital age, safeguarding payment systems against fraud, scams, and money laundering is paramount. This session brings together experts to explore the intricate nexus between these critical challenges.\n\nIn this session, guests Ivan Mortimer-Schutts (SIMBAS) and David Rennie (IDEMIA) joined FNA to explore the regulatory frameworks, emerging technologies, and best practices that harmonize fraud/scam prevention with robust anti-money laundering controls.\n\nTogether, Ivan and David shared their insights on how to strike the right balance between leveraging innovations like digital identity and data analytics while upholding principles of privacy and security.","content_html":"With:
\n\n| Ivan Mortimer-Schutts (Advisor, SIMBAS)
\n| David Rennie (Digital Identity & Data Assurance Specialist at IDEMIA & DPF Privacy & Identity Working Group Lead)
In today’s digital age, safeguarding payment systems against fraud, scams, and money laundering is paramount. This session brings together experts to explore the intricate nexus between these critical challenges.
\n\nIn this session, guests Ivan Mortimer-Schutts (SIMBAS) and David Rennie (IDEMIA) joined FNA to explore the regulatory frameworks, emerging technologies, and best practices that harmonize fraud/scam prevention with robust anti-money laundering controls.
\n\nTogether, Ivan and David shared their insights on how to strike the right balance between leveraging innovations like digital identity and data analytics while upholding principles of privacy and security.
","summary":" Ivan Mortimer-Schutts (SIMBAS) and David Rennie (IDEMIA) explore the regulatory frameworks, emerging technologies, and best practices that harmonize fraud/scam prevention with robust anti-money laundering controls.","date_published":"2024-03-27T08:00:00.000+00:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/98e8fd7a-7eef-40d0-81cd-1f8d75887211.mp3","mime_type":"audio/mpeg","size_in_bytes":79293858,"duration_in_seconds":3301}]},{"id":"400498ee-2ae1-44c9-865d-d77752164e0d","title":"CBDC Broadcast #23 - The CBDC Broadcast, Webinars, The Digital Pound: What’s Next","url":"https://fna.fireside.fm/cbdcbroadcast-23","content_text":"With:\n\n| Jannah Patchay (Executive Director, Policy Lead & Originating Member of the Digital Pound Foundation)\n| Elise Soucie (Director of Global Policy and Regulatory Affairs, Global Digital Finance)\n\nGuests Elise Soucie (Global Digital Finance) and Jannah Patchay (Digital Pound Foundation) joined the CBDC Broadcast to discuss what’s next for the Digital Pound as we asked how the Bank of England can build trust in the digital currency, what they can do to ensure appropriate safeguards are in place to maintain stability, and when we can expect to see a UK CBDC.\n\nThe session follows the Digital Pound Foundation’s submission to the Bank of England’s Discussion paper, outlining key considerations for developing a regulatory framework for digital forms of money, including stablecoins and CBDCs. \n\nWe’ll also look beyond the UK to explore what can be learned from other digital currency initiatives worldwide, to examine what advantages the UK has in pioneering this technology and the opportunity programmability brings for innovation and smart contracts.\n\nThe Session Covered: \n\n\nThe Digital Pound and how it differs from stablecoins\nHow the UK’s approach to CBDCs differs to other jurisdictions\nThe use cases for a wholesale and retail CBDC\nThe role of banks and other payment system providers in the Digital Pound Project\nHow a UK CBDC that is seamlessly interchangeable with other forms of money would work in practice\nThe UK and the digital financial and digital money landscape in 2024\n","content_html":"With:
\n\n| Jannah Patchay (Executive Director, Policy Lead & Originating Member of the Digital Pound Foundation)
\n| Elise Soucie (Director of Global Policy and Regulatory Affairs, Global Digital Finance)
Guests Elise Soucie (Global Digital Finance) and Jannah Patchay (Digital Pound Foundation) joined the CBDC Broadcast to discuss what’s next for the Digital Pound as we asked how the Bank of England can build trust in the digital currency, what they can do to ensure appropriate safeguards are in place to maintain stability, and when we can expect to see a UK CBDC.
\n\nThe session follows the Digital Pound Foundation’s submission to the Bank of England’s Discussion paper, outlining key considerations for developing a regulatory framework for digital forms of money, including stablecoins and CBDCs.
\n\nWe’ll also look beyond the UK to explore what can be learned from other digital currency initiatives worldwide, to examine what advantages the UK has in pioneering this technology and the opportunity programmability brings for innovation and smart contracts.
\n\nThe Session Covered:
\n\n| Perttu Korhonen, Qatar Financial Centre Regulatory Authority
\n| Matt Grasser, Cambridge Suptech Lab
Perttu Korhonen and Matt Grasser will join FNA’s Suptech Broadcast on Thursday, 14 December, for a session focusing on the complementary capabilities of regtech and suptech. First, they will explore how integrated architectures optimise risk management and advance supervisory objectives. Second, they will discuss what skills industry professionals need to effectively take advantage of new technologies shaping the regulatory and supervisory landscape.
","summary":"Perttu Korhonen and Matt Grasser focus on the complementary capabilities of regtech and suptech. ","date_published":"2024-01-31T11:00:00.000+00:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/d9924643-bb7e-4352-b3db-916226c2c98c.mp3","mime_type":"audio/mpeg","size_in_bytes":82708648,"duration_in_seconds":3445}]},{"id":"386b9636-4dde-4c2a-b480-8ce9221426ef","title":"Payment Systems Broadcast #14 - The Consequences of Atomic Settlement","url":"https://fna.fireside.fm/paymentsystemsbroadcast-14","content_text":"With:\n\n| Dirk Bullmann ( Global Head of Public Policy, CLS)\n\nAtomic settlement promises instant, simultaneous transactions, but does this represent a quantum leap for post-trade efficiency or a liquidity trap? In this session of the FMI Broadcast, Dirk Bullman cuts through the noise to make sense of what atomic settlement means and the benefits and drawbacks it offers as we ask whether molecular settlement could provide a solution that balances speed and liquidity needs.","content_html":"With:
\n\n| Dirk Bullmann ( Global Head of Public Policy, CLS)
\n\nAtomic settlement promises instant, simultaneous transactions, but does this represent a quantum leap for post-trade efficiency or a liquidity trap? In this session of the FMI Broadcast, Dirk Bullman cuts through the noise to make sense of what atomic settlement means and the benefits and drawbacks it offers as we ask whether molecular settlement could provide a solution that balances speed and liquidity needs.
","summary":" Dirk Bullman cuts through the noise to make sense of what atomic settlement means and the benefits and drawbacks it offers as we ask whether molecular settlement could provide a solution that balances speed and liquidity needs.","date_published":"2023-12-06T08:00:00.000+00:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/386b9636-4dde-4c2a-b480-8ce9221426ef.mp3","mime_type":"audio/mpeg","size_in_bytes":74824677,"duration_in_seconds":3114}]},{"id":"12cdbe5c-1fd1-4bcf-94fa-459bfe67b81f","title":"CBDC Broadcast #22 - The Next Frontier of Payments","url":"https://fna.fireside.fm/cbdcbroadcast-22","content_text":"With:\n\n| Joachim Samuelsson (CEO, Crunchfish)\n\n| Sunil Karkera (Product Director, Digital Payments IDFC First Bank)\n\nIn today’s digital world, consumers expect seamless omnichannel banking and payment experiences, including the ability to make transactions offline. However, enabling secure approaches to offline payments presents many technological challenges. We aim to address some of these challenges in Session #22 of the CBDC Broadcast, with guests Joachim Samuelsson (Crunchfish) and Sunil Karkera (IDFC First Bank) joining FNA to explore cutting-edge approaches to offline payments and how partnerships between fintechs and banks can deliver innovative solutions. \n\nOur guests shared insights into making offline payment systems scalable for mass adoption as we learned about the development and integration of such systems at an enterprise scale. Together, we also discussed considerations around consumer education and merchant onboarding when it comes to launching advanced payment technology.\n\nThe session covered:\n\n\nThe use-cases and stability of offline payments\nTechniques for encrypting data and verifying transactions securely offline\nThe technology behind offline transactions with the Digital Cash SKD to which IDFC First bank has access\nFeedback from pilot users and QR code technology for payments\n","content_html":"With:
\n\n| Joachim Samuelsson (CEO, Crunchfish)
\n\n| Sunil Karkera (Product Director, Digital Payments IDFC First Bank)
\n\nIn today’s digital world, consumers expect seamless omnichannel banking and payment experiences, including the ability to make transactions offline. However, enabling secure approaches to offline payments presents many technological challenges. We aim to address some of these challenges in Session #22 of the CBDC Broadcast, with guests Joachim Samuelsson (Crunchfish) and Sunil Karkera (IDFC First Bank) joining FNA to explore cutting-edge approaches to offline payments and how partnerships between fintechs and banks can deliver innovative solutions.
\n\nOur guests shared insights into making offline payment systems scalable for mass adoption as we learned about the development and integration of such systems at an enterprise scale. Together, we also discussed considerations around consumer education and merchant onboarding when it comes to launching advanced payment technology.
\n\nThe session covered:
\n\nWith:
\n\n| Bénédicte Nolens (BIS Innovation Hub)
\n| Rosie Hampson (Goldman Sachs)
How can collaboration and innovation accelerate the transition to sustainable finance?
\n\nGuests Rosie Hampson (Goldman Sachs) and Bénédicte Nolens (BIS Innovation Hub) joined FNA for Session #13 of the FMI Broadcast, sharing insights from Project Genesis 2.0 – a collaborative initiative exploring the technical feasibility of digital green bonds from a central and private banking perspective.
\n\nOur guests delved into Project Genesis 2.0, discussing key issues, including how AI/ML can improve sustainability data, regulatory challenges and opportunities for further collaboration before looking at how to drive further engagement in green initiatives to drive systemic change within the financial sector.
\n\n*This session covered:
\n*
With:
\n\n| Danny Russell (Bank of England)
\n| Catherine Gu (Visa)
There are many challenges surrounding the development of CBDCs, from maximizing interoperability to encouraging public-private sector collaboration and driving consumer adoption.
\n\nAiming to address these challenges is the BIS Innovation Hub London’s Project Rosalind- a joint experimentation with the Bank of England which aims to develop prototypes for an application programming interface that could best enable a Central Bank ledger to interact with private sector service providers to enable the safe provision of retail payments.
\n\nTo offer further insight into Rosalind- named after British Scientist Rosalind Franklin and her work regarding DNA sequencing, guests Danny Russell (Bank of England) and Catherine Gu (VISA) joined FNA for Session #21 of the CBDC Broadcast.
\n\nIn this session, we discussed the motivations behind the project and how it allows for further experimentation with CBDC design and interoperability, as well as the importance of public and private sector collaboration, drawing on the role of VISA and other private sector partnerships.
","summary":"Guests Danny Russell (Bank of England) and Catherine Gu (VISA) offer insight into Project Rosalind and how it aims to facilitate CBDC interoperability. ","date_published":"2023-10-25T14:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/e082ace9-eb89-4552-8e02-d5e433a64807.mp3","mime_type":"audio/mpeg","size_in_bytes":82550152,"duration_in_seconds":3439}]},{"id":"3def5eff-828b-4c5d-a989-2b1975fc6fbc","title":"Suptech Broadcast #9 - Bridging Data Divides","url":"https://fna.fireside.fm/suptechbroadcast-9","content_text":"| Matei Dohotaru, Senior Financial Sector Specialist (World Bank Group)\n| Julapa Jagtiani, Senior Economic Advisor Economist, Federal Reserve Bank of Philadelphia\n\nSession #9 of the Suptech Broadcast brought together Matei Dohotaru, Senior Financial Sector Specialist at World Bank Group and Julapa Jagtiani, Senior Economic Advisor and Economist at the Federal Reserve Bank of Philadelphia. Together, Matei and Julapa will discuss how suptech needs in advanced economies contrast to those in emerging markets and delve into global, collaborative suptech initiatives and their impact. ","content_html":"| Matei Dohotaru, Senior Financial Sector Specialist (World Bank Group)
\n| Julapa Jagtiani, Senior Economic Advisor Economist, Federal Reserve Bank of Philadelphia
Session #9 of the Suptech Broadcast brought together Matei Dohotaru, Senior Financial Sector Specialist at World Bank Group and Julapa Jagtiani, Senior Economic Advisor and Economist at the Federal Reserve Bank of Philadelphia. Together, Matei and Julapa will discuss how suptech needs in advanced economies contrast to those in emerging markets and delve into global, collaborative suptech initiatives and their impact.
","summary":"Matei Dohotaru and Julapa Jagtiani will discuss how suptech needs in advanced economies contrast to those in emerging markets and delve into global, collaborative suptech initiatives and their impact. ","date_published":"2023-09-23T11:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/3def5eff-828b-4c5d-a989-2b1975fc6fbc.mp3","mime_type":"audio/mpeg","size_in_bytes":75016646,"duration_in_seconds":3124}]},{"id":"7a6a8e07-e3e0-4cf4-ac51-436952560b2f","title":"CBDC Broadcast #20 - New Digital Currencies Shaping the Future of Money","url":"https://fna.fireside.fm/cbdcbroadcast-20","content_text":"With:\n| Sharmyn Powell, Chairperson, Fintech Working Group, East Caribbean Central Bank (ECCB)\n\nSharmyn Powell (ECCB) joined session #20 of The CBDC Broadcast to discuss the promise and perils of emerging digital currencies.\n\nDrawing upon her deep expertise, Sharmyn shared her perspective on how digital currencies, from rCBDCs to stablecoins and tokenized deposits, are changing the payment ecosystem and offered insight into the Dcash rCBDC project. \n\nThe session covered: \n\n\nThe main motivation for rolling out DCash and an update on DCash adoption\nThe factors driving/curbing DCash adoption, including education, internet access and use cases\nWhy digital monies like cryptocurrencies, stablecoins, and retail CBDCs have seen limited adoption so far\nThe role of regulators and supervisors regarding digital currencies\nHow digital currencies can foster innovation and benefit the public\nhow can CBDCs and vehicles like DCash replicate the benefit cash offers at-risk groups\n","content_html":"With:
\n| Sharmyn Powell, Chairperson, Fintech Working Group, East Caribbean Central Bank (ECCB)
Sharmyn Powell (ECCB) joined session #20 of The CBDC Broadcast to discuss the promise and perils of emerging digital currencies.
\n\nDrawing upon her deep expertise, Sharmyn shared her perspective on how digital currencies, from rCBDCs to stablecoins and tokenized deposits, are changing the payment ecosystem and offered insight into the Dcash rCBDC project.
\n\nThe session covered:
\n\nWith:
\n\n| Ramunas Baravykas, Director of Data and Statistics Department, CDC, Bank of Lithuania
\n| Jermy Prenio, Principal Advisor, Financial Stability Institution, Bank for International Settlements (BIS)
Technology innovation is rapidly transforming financial supervision.
\n\nSession #8 of the Suptech Broadcast brought together suptech specialists Jermy Prenio (Bank for International Settlements) and Ramunas Baravykas (Bank of Lithuania), who explored the emerging technology shaping the future of the suptech landscape.
\n\nJermy and Ramunas drew upon their extensive hands-on experience to offer a global and EU perspective on key topics, including data analytics, cross-border collaboration and the proportionality and ethics of AI to offer insight into how central bankers and policymakers can take advantage of the opportunities suptech for more effective oversight.
","summary":"Session #8 of the Suptech Broadcast brought together suptech specialists Jermy Prenio (Bank for International Settlements) and Ramunas Baravykas (Bank of Lithuania), who explored the emerging technology shaping the future of the suptech landscape.","date_published":"2023-08-30T12:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/664c8f1c-ed9d-472b-a6b0-b8c6917c4b7f.mp3","mime_type":"audio/mpeg","size_in_bytes":79277522,"duration_in_seconds":3302}]},{"id":"1dcb6f0d-671e-484c-bb55-a282269f4516","title":"Payment Systems Broadcast #12 - The Application of Digital Twins within Payment Systems","url":"https://fna.fireside.fm/paymentsystemsbroadcast-12","content_text":"| Kimmo Soramäki (FNA)\n| Martin Kyle (Payments Canada)\n\nMartin Kyle, Chief Information Security Officer at Payments Canada, joined FNA’s Kimmo Soramäki to discuss the value of Digital Twins and how digital replicas of payment systems are accelerating the ability to design better systems, reduce developmental costs, increase the speed of deployment and enable smoother regulatory approvals. Kimmo will also share insight into how this technology applies to other financial areas, including CBDC development and liquidity management.\n\nThe session covered:\n\n\nDigital Twins in the context of financial services and what use they offer\nHow closely can a Digital Twin replicate an existing system\nHow Digital Twins support the function of an FMI\nExamples of projects where Digital Twins have delivered value to payment and settlement systems\nThe data required and the purpose it serves\nDigital Twins and new innovations such as CBDCs and Digital Currencies\nThe requirements to develop a Digital Twin Capability\n\n","content_html":"| Kimmo Soramäki (FNA)
\n| Martin Kyle (Payments Canada)
Martin Kyle, Chief Information Security Officer at Payments Canada, joined FNA’s Kimmo Soramäki to discuss the value of Digital Twins and how digital replicas of payment systems are accelerating the ability to design better systems, reduce developmental costs, increase the speed of deployment and enable smoother regulatory approvals. Kimmo will also share insight into how this technology applies to other financial areas, including CBDC development and liquidity management.
\n\nThe session covered:
\n\n| Aniko Szombati, Chief Digital Officer, Magyar Nemzeti Bank
\n| Chris Ostrowski, Co-Founder and CEO, SODA
Guests Aniko Szombati, Chief Digital Officer Magyar Nemzeti Bank and Chris Ostrowski, Co-founder and CEO of SODA, joined FNA for Session #19 of the CBDC Broadcast, Testing DLT-based Central Bank Solutions.
\n\nIn this session, we delved into the Central Bank of Hungary and SODA’s joint project on the use of digital solutions, including rCBDCs and NFTs, as we gained valuable insights into the pivotal role of public engagement and hands-on experiences in shaping the development and adoption of rCBDs by leveraging NFTs and coin collecting to improve the understanding and implementation of digital currencies.
\n\nTogether, we explored how the Central Bank of Hungary is approaching adoption issues ahead of rolling out an rCBDC in an approach that cultivates the consumer use case for rCBDCs and prepares the public for the introduction of an rCBDC.
\n\nThe Session Covered:
\n\nWith:
\n\n| Samuel Eddie Mogensen, Digitalization Task Force Lead, Innovation & Secretariat Financial Stability, Danmarks Nationalbank
\n| Michal Vodrážka, Director of the Financial Market Regulation Division III, Czech National Bank
While some consider retail CBDCs as necessary instruments in a rapidly evolving financial landscape, capable of enhancing the retail payment ecosystem and the economy, some remain agnostic.
\n\nIn this session, guests from two prominent European Central Banks, Samuel Eddie Mogensen (Danmarks National Bank) and Michal Vodrážka (Czech Republic National Bank), joined FNA for a thought-provoking debate that took us back to the fundamental question, do we actually need a retail CBDC, as we examined divergent views on the potential rCBDCs offer with two jurisdictions who have no immediate plans to design or test one.
","summary":"Samuel Eddie Mogensen (Danmarks National Bank) and Michal Vodrážka (Czech Republic National Bank), join FNA for a thought-provoking debate that takes us back to the fundamental question, do we actually need a retail CBDC?","date_published":"2023-06-29T14:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/61cbf903-bbaa-4fbb-8a03-069c29d94b64.mp3","mime_type":"audio/mpeg","size_in_bytes":76572937,"duration_in_seconds":3189}]},{"id":"b3c4ff64-deb7-493d-9807-b3303db6f54d","title":"Suptech Broadcast #5 - Rethinking Cyber Resilience in Finance","url":"https://fna.fireside.fm/suptechbroadcast-5","content_text":"| Manit Sahib, Director of Global Intelligence & Offensive Operations, Picnic Corporation\n| Wiebe Ruttenberg, Director of Strategy, SecAlliance\n\nIn an era of rapidly evolving technology and ever-increasing cyber threats, the need to strengthen our defences and ensure the resilience of financial institutions has never been more pressing. These initiatives require regulatory authorities, supervisory agencies, and financial entities to proactively address cybersecurity risks and adopt robust measures to protect the integrity of our financial systems.\n\nIn this discussion, we delved into the critical topic of cybersecurity and digital resilience in the financial services sector, with a particular focus on the implications of the recently adopted EU frameworks, DORA and NIS2.\n\nThe session covered: \n\n\nThe steps regulatory authorities and supervisory agencies must take to ensure the requirements set by DORA and NIS2?\nHow DORA and NIS2 compare to similar initiatives around the world\nThe necessary collaborative efforts among multiple jurisdictions to enhance cyber resilience in the financial services sector \nWhether the interplay between people, processes and technology in strengthens cyber security and enhances digital resilience within the financial services sector \nHow supervisory technology can increase cybersecurity\nBest practices and lessons learned from other jurisdictions or industries that could be valuable in enhancing cybersecurity and digital resilience within the EU financial sector\nThe future trends or developments you would like to see in the realm of cyber resilience for the financial sector\n","content_html":"| Manit Sahib, Director of Global Intelligence & Offensive Operations, Picnic Corporation
\n| Wiebe Ruttenberg, Director of Strategy, SecAlliance
In an era of rapidly evolving technology and ever-increasing cyber threats, the need to strengthen our defences and ensure the resilience of financial institutions has never been more pressing. These initiatives require regulatory authorities, supervisory agencies, and financial entities to proactively address cybersecurity risks and adopt robust measures to protect the integrity of our financial systems.
\n\nIn this discussion, we delved into the critical topic of cybersecurity and digital resilience in the financial services sector, with a particular focus on the implications of the recently adopted EU frameworks, DORA and NIS2.
\n\nThe session covered:
\n\nWith:
\n\n| Neil Thomas, Managing Director, Goldman Sachs
\n| Alan James Anderson, Head of Liquidity Technolgy, Standard Chartered
It is imperative to remain ahead of the curve by embracing cutting-edge technological advancements and leveraging them to their full potential.
\n\nIn this session of the Treasury Broadcast, guests Neil Thomas (Goldman Sachs) and Alan James Anderson (Standard Chartered Bank) joined FNA to address the technological challenges in bank treasury, stretching across liquidity and funding management, collateral, capital and transfer pricing.
\n\nDuring the session, we focused on tackling the technology challenges encountered across each of these areas. Sharing their expertise, Neil and Alan guided us through effective strategies for addressing these challenges before providing their own take on how recent market events have impacted prioritization in their institutions.
\n\nIn this session, we discussed the following:
\n\nWith:
\n\n| Dr Tony Richards, Chair CBDC Committee, Digital Finance CRC
\n\n| Sonja Davidovic, CBDC Lead, BIS Innovation Hub Singapore
\n\nIn session #17 of the CBDC Broadcast, guests Dr Tony Richards and Sonja Davidovic offered valuable insight into their work exploring digital currencies and how they contribute to shaping the future of money.
\n\nWe gained insight into the RBA’s collaboration with DFCRC exploring rCBDC use cases in Australia, while Sonja discussed the BISIH’s Project Nexus investigating the scalability and interoperability of digital money, as well as cross-border transactions in the Asia-Pacific region.
\n\nThroughout the session, we addressed the key considerations and challenges associated with CBDCs, including technological considerations, regulatory frameworks, financial stability, and user adoption. We also looked at the importance of international collaboration among central banks, payment system operators and technology providers.
\n\nIn this session, we covered:
\n\n| Carmen Barandela, CBDC Solution Architect, Bank of England
\n| Johannes Turner, Director of the Department of Statistics, Austrian National Bank
The regulatory landscape is rapidly evolving, but what benefits does innovation offer, and how can organisations achieve the right balance between embracing innovation and ensuring consistency with relevant regulatory frameworks?
\n\nIn this session of the Suptech Broadcast moderated by Thomas Nilsson, guests Carmen Barandela (Bank of England PRA) and Johannes Turner (Austrian National Bank) focused on the challenges, initiatives and best practices in achieving efficient data flows, highlighting the importance of data consistency across financial institutions.
\n\nThe session also explored the role of regulatory innovation in promoting a more effective, efficient and resilient financial system crucial for supporting economic growth as Carmen and Johannes shared their insights, experience and perspectives with us.
","summary":"Carmen Barandela (Bank of England PRA) and Johannes Turner (Austrian National Bank) focus on the challenges, initiatives and best practices in achieving efficient data flows, highlighting the importance of data consistency across financial institutions.","date_published":"2023-05-30T12:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/ad79ada0-3dff-40ee-892d-96ea0fb2b093.mp3","mime_type":"audio/mpeg","size_in_bytes":79928748,"duration_in_seconds":3329}]},{"id":"292a1e6c-781a-4218-9538-f28ac0f014a0","title":"Payment Systems Broadcast #11 - CBDCs – the Potential to Transform Liquidity Management?","url":"https://fna.fireside.fm/paymentsystemsbroadcast-11","content_text":"With:\n\n| Richard Dzina (The Clearing House)\n| Stephen Wojciechowicz (Bank of New York Mellon)\n\nIn Session #11 of the Payment Systems Broadcast, guests Richard Dzina and Stephen Wojciechowicz join FNA as we examine whether CBDCs have the potential to transform liquidity management. The webinar will explore how retail and wholesale CBDCs could change how liquidity is exchanged and managed and evaluate the implications of CBDCs on Financial Market Infrastructures (FMIs) and Financial Institutions as we discuss the potential benefits, challenges and considerations associated with this potentially transformative shift.\n\nThe Session Covered:\n\n\nThe simulation testing and scenario modelling FMIs should conduct to prepare for CBDC integration and rollout\nThe CBDC design choices that impact integration with existing FMIs and infrastructures\nThe role RLN models play in designing resilience, such as redundancy and distributed architectures\nWhether the integration of CBDC systems requires changes to treasury and liquidity risk management processes at FMIs\nNew liquidity monitoring tools that may benefit the CBDC world\nHow settlement finality risks could be managed if CBDC transactions are settled in real-time\nWhat embedded programmability in CBDC systems could mean for collateral management and interest payment\nHow cross-border interoperability for CBDC systems could be achieved and the future role of FMIs as integrators.\n","content_html":"With:
\n\n| Richard Dzina (The Clearing House)
\n| Stephen Wojciechowicz (Bank of New York Mellon)
In Session #11 of the Payment Systems Broadcast, guests Richard Dzina and Stephen Wojciechowicz join FNA as we examine whether CBDCs have the potential to transform liquidity management. The webinar will explore how retail and wholesale CBDCs could change how liquidity is exchanged and managed and evaluate the implications of CBDCs on Financial Market Infrastructures (FMIs) and Financial Institutions as we discuss the potential benefits, challenges and considerations associated with this potentially transformative shift.
\n\nThe Session Covered:
\n\nWith:
\n\n| Beju Shah, Head of Nordic Centre, BIS Innovation Hub
\n| Dr Lars Hupel, CBDC Evangelist, Giesecke+Devrient
CBDC’s Offline capabilities is a crucial topic that holds significant implications for the future of digital payments and financial systems worldwide.
\n\nAs digital transformation rapidly reshapes the way we conduct transactions, it is imperative that we ensure inclusivity, accessibility, and privacy for every individual and business. CBDCs have emerged as a powerful tool in this transformative landscape, revolutionizing the way we think about money.
\n\nHowever, we must address a critical question: How can we ensure that CBDC systems work for everyone in society, regardless of their location or connectivity? The answer lies in exploring and understanding the offline capabilities of CBDCs. The ability to conduct transactions offline not only provides a layer of resilience but also supports crucial objectives, such as financial inclusion, accessibility, and privacy.
\n\nTo discuss the intricacies of CBDC offline capabilities, guests Beju Shah (BIS Innovation Hub) and Dr Lars Hupel (Giesecke+Devrient) joined FNA to explore the technologies, security threats and risks associated with offline payments and delve into the CBDC design criteria that enable privacy, inclusion and resilience.
","summary":"Guests Beju Shah (BIS Innovation Hub) and Dr Lars Hupel (Giesecke+Devrient) joined FNA to explore the technologies, security threats and risks associated with offline payments and delve into the CBDC design criteria that enable privacy, inclusion and resilience.","date_published":"2023-05-24T13:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/75ff1291-577d-41f0-8c94-47e3a114d1a2.mp3","mime_type":"audio/mpeg","size_in_bytes":79932810,"duration_in_seconds":3328}]},{"id":"d507f0eb-7422-4d98-9af6-b42d708acb6d","title":"Payment Systems Broadcast #10 - The Future of Money: Public Perspectives","url":"https://fna.fireside.fm/paymentsystemsbroadcast-","content_text":"With: \n| David Birch, (15mb Ltd)\n| John Kiff, (Satoshi Capital Advisors)\n\nAs the world becomes increasingly digital, there is growing interest in the potential of digital currencies and CBDCs to reshape the financial landscape. These new forms of money have the potential to facilitate faster, cheaper, and more secure transactions, while also promoting innovation in payments, financial inclusion and cross-border payments.\n\nIn this session, we have the privilege of hearing from two leading experts in this field, John Kiff (Satoshi Capital Advisors) and author and commentator David Birch (15Mb Ltd). Through their wealth of experience and knowledge, John and David will explore whether or not there is a case for new forms of digital currencies and how they could help address pressing issues in the financial system. We expect to have a view about how the future of money is being reshaped, and what benefits and drawbacks the public may perceive in these new systems.\n\nWithout any doubt, this discussion is essential for senior representatives of central and commercial banks, regulators, and policymakers who are looking to stay ahead of the curve and help shape the future of money.\n\nThe Session covered:\n\n\nThe use cases for digital currencies likes CBDCs and stablecoins\nThe benefits and drawbacks with various digital currencies compared to existing payment systems and traditional currencies.\nWhat needs to be done to help promote financial inclusion and facilitate cross-border payments\nThe measures that can be taken to address privacy and security concerns when developing and implementing a CBDC and other forms of digital money\nHow jurisdictions can reach the sweet spot of rCBDC adoption that doesn’t crowd out other payment instruments or cause an unbearable migration of deposits\n","content_html":"With:
\n| David Birch, (15mb Ltd)
\n| John Kiff, (Satoshi Capital Advisors)
As the world becomes increasingly digital, there is growing interest in the potential of digital currencies and CBDCs to reshape the financial landscape. These new forms of money have the potential to facilitate faster, cheaper, and more secure transactions, while also promoting innovation in payments, financial inclusion and cross-border payments.
\n\nIn this session, we have the privilege of hearing from two leading experts in this field, John Kiff (Satoshi Capital Advisors) and author and commentator David Birch (15Mb Ltd). Through their wealth of experience and knowledge, John and David will explore whether or not there is a case for new forms of digital currencies and how they could help address pressing issues in the financial system. We expect to have a view about how the future of money is being reshaped, and what benefits and drawbacks the public may perceive in these new systems.
\n\nWithout any doubt, this discussion is essential for senior representatives of central and commercial banks, regulators, and policymakers who are looking to stay ahead of the curve and help shape the future of money.
\n\nThe Session covered:
\n\nWith:
\n\n| David Minch-Dixon, Deutsche Bank
\n| Peter Left, Lloyds Banking Group
Guests David Minch-Dixon and Peter Left joined FNA for the first session of our new webinar series, the Treasury Broadcast, exploring the key liquidity challenges and risks facing the banking industry today.
\n\nAs two experienced bank treasurers, David and Peter offered an insight into their risk management strategies and how they have since evolved to face challenging market dynamics. We also explored the effectiveness of risk mitigation strategies in response to market events and how they have fostered a risk-aware culture within their organisations.
","summary":"Guests David Minch-Dixon and Peter Left join FNA for the first session of our new webinar series, the Treasury Broadcast, exploring the key liquidity challenges and risks facing the banking industry today. ","date_published":"2023-04-26T11:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/4b170f0c-f361-4e3c-94f2-40350e144f7d.mp3","mime_type":"audio/mpeg","size_in_bytes":85059249,"duration_in_seconds":3543}]},{"id":"ac8bd56e-1f64-4093-acd0-c25e603666c0","title":"Suptech Broadcast #6 - Charting a course for Suptech Innovation","url":"https://fna.fireside.fm/suptechbroadcast-6","content_text":"| Arthur Yuen, Deputy Chief Executive, Hong Kong Monetary Authority\n| Kimmo Soramäki, Founder & CEO, FNA\n\nAs technology continues to transform the financial landscape, regulatory authorities are working to keep pace with the rapidly evolving ecosystem. Many are also seeking to provide leadership in the innovation agenda for the financial communities in their countries and in harnessing technologies for use in their own organizations.\n\nFor this session, guest Arthur Yuen joins FNA’s Founder and CEO, Kimmo Soramäki, to offer perspectives on the role of suptech in financial regulation and supervision and explore key challenges and opportunities facing the industry. \n\nArthur joins the broadcast from the Hong Kong Monetary Authority (HKMA), an early leader in Supervisory Technology and the use of technology across the institution through its Digitalisation Programme. Our second guest, FNA’s founder and CEO, Kimmo Soramäki, is a former longtime central banker and known pioneer in Suptech analytics since long before Suptech was called Suptech. \n\nThe session will explore emerging trends in Suptech innovation, including the application of artificial intelligence, machine learning and blockchain and will examine how these technologies can help regulators to better monitor and manage risks in the financia system. We will also share insights on the importance of collaboration and partnership between regulators, industry participants, and technology providers in driving suptech innovation and shaping the future of financial regulation. ","content_html":"| Arthur Yuen, Deputy Chief Executive, Hong Kong Monetary Authority
\n| Kimmo Soramäki, Founder & CEO, FNA
As technology continues to transform the financial landscape, regulatory authorities are working to keep pace with the rapidly evolving ecosystem. Many are also seeking to provide leadership in the innovation agenda for the financial communities in their countries and in harnessing technologies for use in their own organizations.
\n\nFor this session, guest Arthur Yuen joins FNA’s Founder and CEO, Kimmo Soramäki, to offer perspectives on the role of suptech in financial regulation and supervision and explore key challenges and opportunities facing the industry.
\n\nArthur joins the broadcast from the Hong Kong Monetary Authority (HKMA), an early leader in Supervisory Technology and the use of technology across the institution through its Digitalisation Programme. Our second guest, FNA’s founder and CEO, Kimmo Soramäki, is a former longtime central banker and known pioneer in Suptech analytics since long before Suptech was called Suptech.
\n\nThe session will explore emerging trends in Suptech innovation, including the application of artificial intelligence, machine learning and blockchain and will examine how these technologies can help regulators to better monitor and manage risks in the financia system. We will also share insights on the importance of collaboration and partnership between regulators, industry participants, and technology providers in driving suptech innovation and shaping the future of financial regulation.
","summary":"Arthur Yuen joins FNA’s Founder and CEO, Kimmo Soramäki, to offer perspectives on the role of suptech in financial regulation and supervision and explore key challenges and opportunities facing the industry. ","date_published":"2023-04-23T15:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/ac8bd56e-1f64-4093-acd0-c25e603666c0.mp3","mime_type":"audio/mpeg","size_in_bytes":83160392,"duration_in_seconds":3464}]},{"id":"9ea56ac6-83de-4fa1-b0a5-fb35e6887df3","title":"Suptech Broadcast #4 - Suptech as a Strategic Institutional Priority","url":"https://fna.fireside.fm/suptechbroadcast-4","content_text":"As the financial industry continues to evolve, the adoption of suptech has become increasingly important for Central Banks as well as financial authority bodies globally. Successfully implementing suptech requires careful consideration of key components such as regulatory efficiency and effectiveness, talent and technology investment, and collaboration with industry stakeholders.\n\nIn Session #4 of the Suptech Broadcast, two seasoned practitioners, Rafael Gomes, Managing Director at Accenture and Oliver Wünsch, Partner at Oliver Wyman, joined FNA to continue the discussion on the critical factors that contribute to a successful suptech strategy, offering examples of success stories to provide inspiration for those looking to adopt these solutions.","content_html":"As the financial industry continues to evolve, the adoption of suptech has become increasingly important for Central Banks as well as financial authority bodies globally. Successfully implementing suptech requires careful consideration of key components such as regulatory efficiency and effectiveness, talent and technology investment, and collaboration with industry stakeholders.
\n\nIn Session #4 of the Suptech Broadcast, two seasoned practitioners, Rafael Gomes, Managing Director at Accenture and Oliver Wünsch, Partner at Oliver Wyman, joined FNA to continue the discussion on the critical factors that contribute to a successful suptech strategy, offering examples of success stories to provide inspiration for those looking to adopt these solutions.
","summary":"Rafael Gomes, Managing Director at Accenture and Oliver Wünsch, Partner at Oliver Wyman continue the discussion on the critical factors that contribute to a successful suptech strategy. ","date_published":"2023-03-09T15:00:00.000+00:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/9ea56ac6-83de-4fa1-b0a5-fb35e6887df3.mp3","mime_type":"audio/mpeg","size_in_bytes":77634474,"duration_in_seconds":3233}]},{"id":"18a50394-f9bf-4d19-9d18-f37753001248","title":"Payment Systems Broadcast #9 - Where is Digital Money Heading in 2023","url":"https://fna.fireside.fm/paymentsystemsbroadcast-9","content_text":"Nowadays, it seems everything can be tokenized, from securities to real estate, commodities to equity. More recently, in response to retail CBDCs and stablecoins, tokenising bank deposits has emerged as a new form of money based on commercial bank money.\n\nIn Session #9 of the FMI Broadcast, guests Keith Bear (University of Cambridge) and Philip Enness (JP Morgan) joined FNA to explore the motivations, benefits, challenges and main issues that arise from the tokenization of bank deposits. We discussed how the issuers of tokenized deposits, namely licensed depositary institutions, could become challenger FMIs aimed at issuing a new form of money.\n\nThe session covered:\n\n\nAn introduction to the new concept of Tokenized Deposits\nThe advantages and opportunities that Tokenized Deposits offer\nThe risks associated with deposit tokenization and who bears the risk\nJP Morgan Coin as a live case of deposit tokens\nWhether deposit tokens are complementary to CBDCs but an answer to stablecoins issued by non-banks\nWhether licensed depository institutions issuing deposits could be considered as FMIs and whether they should be regulated as banking institutions\nCDBCs, Stablecoins and deposit tokens, what does the future look like?\n","content_html":"Nowadays, it seems everything can be tokenized, from securities to real estate, commodities to equity. More recently, in response to retail CBDCs and stablecoins, tokenising bank deposits has emerged as a new form of money based on commercial bank money.
\n\nIn Session #9 of the FMI Broadcast, guests Keith Bear (University of Cambridge) and Philip Enness (JP Morgan) joined FNA to explore the motivations, benefits, challenges and main issues that arise from the tokenization of bank deposits. We discussed how the issuers of tokenized deposits, namely licensed depositary institutions, could become challenger FMIs aimed at issuing a new form of money.
\n\nThe session covered:
\n\nCross-border payments are traditionally slow, expensive and opaque. So, how is the Bank for International Settlements proposing to overcome these challenges through a multi-CBDC platform based on DLT technology?
\n\nIn session 14 of FNA’s monthly webinar series, The CBDC Broadcast, guests Daniel Eidan (Bank for International Settlements) and Ousmène Jacques Mandeng (Accenture) join FNA to discuss Project mBridge, which aims to solve the challenges associated with cross-border payments through a CBDC platform based on new blockchain technology.
\n\nThe platform aims to facilitate cheap, real-time peer-to-peer cross-border payments and foreign exchange transactions using multiple CBDCs while ensuring compliance with regulations set by each jurisdiction.
\n\nThe session covered:
\n\nHow are new regulations contributing to the operational resilience of decentralized payment systems in wholesale banking? Patrick Papsdorf (Head of Payments Oversight, European Central Bank) and Claudine Hurman (Director of Infrastructures, Innovation and Payments, Banque de France) joined the Payment Systems Broadcast to discuss.
\n\n*The session covered: *
\n\n| Saskia Devolder, (SWIFT)
\n\n| John Jackson, (Bank of England)
\n\nISO 20022 is expected to create a global and open message standard across all business lines of the financial industry. Several long-lived financial communication standards, such as ISO 15022 (cross-border securities settlement), ISO 8583 (credit and debit transactions), and MT messages (SWIFT propriety for correspondent banking and FX transactions), will be replaced with a new standard. ISO 20022 is here, with migration beginning in November 2022 and expected to be completed by November 2025.
\n\nIn Session #7, guests Saskia Devolder (SWIFT) and John Jackson (Bank of England) joined FNA to discuss the key features and expectations around adopting the ISO 20022 standard. Together, we explored what ISO 20022 means for organisations and how it could change the financial ecosystem as we know it.
\n\nThe Session Covered:
\n\nWith:
\n\n| Catherine Gu, Visa
\n| Carmelle Cadet, Emtech
Digital money is not a new thing. It’s been around for decades in the form of reserves at the central bank and commercial bank money. But today, we have additional forms of digital money, such as rCBDCs. We also have what we call challenger forms of money with stablecoins as the main example. With the new entrants to the money ecosystem, we must ask: How will the different forms of money interact? Are they substitutes or complements? Is it competition or coexistence?
\n\nTo answer these questions, FNA was joined by guests Catherine Gu (Visa) and Carmelle Cadet from EMTECH.
\n\nThe session covered:
\n\nGuests Patrica C Mosser (School of International Public Affairs, Columbia University) and Jason Healey (School of International Public Affairs, Columbia University and National Management Centre, US Cybersecurity and Infrastructure Security Agency) joined FNA to provide insights into the various types of cyber risks as we discussed the new responsibilities mitigating cyber risks creates and how it is shaping the future direction of Suptech.
\n\nThe session covered:
\n\nWith:
\n\n| Simon Chantry, Bitt
\n| John Kiff, Satoshi Capital Advisors
Many central banks are studying, designing, prototyping, or rolling out retail CBDCs. Motivations differ significantly across jurisdictions, but there is one potential advantage that could be common to all cases.
\n\nIf central banks agree on some basic technological foundations, retail CBDCs could interoperate and become a solution to cross-border retail payments. Is this an overlooked potential benefit of retail CBDCs?
\n\nWe asked guests Simon Chantry (Co-founder & CIO, Bitt) and John Kiff (Head of CBDC/ Digital Captial Markets Advisory, Satoshi Capital Advisors), who joined session #12 of the CBDC Broadcast, to discuss.
\n\nThe session covered:
\n\nWith:
\n\n| Commissioner Hester M. Pierce, U.S. Securities and Exchange Commission
\n| Professor Patrick McCarty, Georgetown University Law Center
We are in the midst of studying and discussing the potential effects of a digital dollar, a digital liability issued by the Federal Reserve, available to everyone in the United States-in other words, a retail CBDC for the United States of America.
\n\nTheoretical benefits around the idea of a CBDC include greater efficiency and redundancy in the payments ecosystem, a field for innovation, greater financial inclusion, and the potential to lay the foundations for better cross-border transactions. But not only are those benefits still to be verified, but there are also risks as well in the form of financial instability, operational, reputational, surveillance, and money laundering risks. The devil is in the details, and CBDCs are not the exception, If a digital dollar is issued, its regulation and design will be particularly responsible for its success.
\n\nHaving explored CBDC motivations and challenges from an Asia-pacific, Latin American, UK and Canadian perspective, we now turn our attention to the United States. In this session, guests Commissioner Hester M. Peirce from the U.S. Securities and Exchange Commission (SEC) and Professor Patrick McCarty, Adjunct Professor, Derivatives/ICOs and Cryptocurrencies at Georgetown University Law Center join FNA to offer an insight into CBDC deployment and its relationship with other digital forms of payment and benefits/implications of a national rollout from a U.S. perspective.
\n\nThe session covered:
\n\nWith
\n| Perttu Korhonen, Qatar Financial Centre Regulatory Authority)
\n| Clara Machado, Banco de la República
Session #2 of The Suptech Broadcast featured guests Perrtu Korhonen (Qatar Financial Centre Regulatory Authority) and Clara Machado (Banco de la República), who joined FNA to explore how payments data analytics and anomaly detection have evolved over recent years, focusing on the integration of new datasets for RTGS Stress Testing.
","summary":" Guests Perrtu Korhonen (Qatar Financial Centre Regulatory Authority) and Clara Machado (Banco de la República), explore how payments data analytics and anomaly detection have evolved over recent years, focusing on the integration of new datasets for RTGS Stress Testing.","date_published":"2022-11-14T15:00:00.000+00:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/c7abdba9-5697-4429-a866-93dd2e826129.mp3","mime_type":"audio/mpeg","size_in_bytes":81288194,"duration_in_seconds":3385}]},{"id":"dbae8004-d8bf-409d-8cf8-1925f60bfdff","title":"Payment Systems Broadcast #6 - The Relevance of Liquidity Savings in a Real-Time World","url":"https://fna.fireside.fm/paymentsystemsbroadcast-6","content_text":"| Richard Dzina, The Clearing House\n| Stephen Wojciechowicz, BNY Mellon\n\nOn the 10th of November, guests Richard Dzina (The Clearing House, TCH) and Stephen Wojciechowicz (Bank of New York Mellon) joined FNA to discuss the Relevance of Liquidity Savings in a real-time World.","content_html":"| Richard Dzina, The Clearing House
\n| Stephen Wojciechowicz, BNY Mellon
On the 10th of November, guests Richard Dzina (The Clearing House, TCH) and Stephen Wojciechowicz (Bank of New York Mellon) joined FNA to discuss the Relevance of Liquidity Savings in a real-time World.
","summary":"Richard Dzina and Stephen Wojciechowicz discuss the Relevance of Liquidity Savings in a real-time World.","date_published":"2022-11-10T08:00:00.000+00:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/dbae8004-d8bf-409d-8cf8-1925f60bfdff.mp3","mime_type":"audio/mpeg","size_in_bytes":77594685,"duration_in_seconds":3230}]},{"id":"f2c05eb0-f92d-440f-ac01-b6f2b28ad380","title":"CBDC Broadcast #10 - Gaining momentum, options for access to and interoperability of CBDCs worldwide","url":"https://fna.fireside.fm/cbdcbroadcast-10","content_text":"With: \n\n| Anneke Kosse, Bank for International Settlements\n| Illaria Mattei, Bank for International Settlements\n\nToday, 90 per cent of central banks are exploring Central bank digital currencies, with over half already developing digital currencies or conducting experiments.\n\nIn Session #10 of FNA’s 60-minute webinar series, The CBDC Broadcast, guests Anneke Kosse and Ilaria Mattei from the Bank for International Settlements joined FNA to discuss the recent report ‘Gaining Moment – Results of the 2021 BIS Survey on Central Bank Digital Currencies and the report “Options for access to and interoperability of CBDCs for cross-border payments.”\n\nThe session covered:\n\n\nThe current state of CBDCs\nEmerging trends surrounding bank engagement, motivations and intentions\nThe critical questions to address when developing a CBDC\nCommon interoperability models and the likelihood they are to succeed\nWholesale CBDCs and cross-border payments\nThe cross-border frictions CBDCs could address\nThe importance of international cooperation to the success of a CBDC\n","content_html":"With:
\n\n| Anneke Kosse, Bank for International Settlements
\n| Illaria Mattei, Bank for International Settlements
Today, 90 per cent of central banks are exploring Central bank digital currencies, with over half already developing digital currencies or conducting experiments.
\n\nIn Session #10 of FNA’s 60-minute webinar series, The CBDC Broadcast, guests Anneke Kosse and Ilaria Mattei from the Bank for International Settlements joined FNA to discuss the recent report ‘Gaining Moment – Results of the 2021 BIS Survey on Central Bank Digital Currencies and the report “Options for access to and interoperability of CBDCs for cross-border payments.”
\n\nThe session covered:
\n\nWith:
\n\n| John Velissarios, Accenture
\n| Raoul Herborg, Giesecke + Devrient
CBDC is a very particular product. An extremely successful rollout, with massive adoption, could affect financial stability as deposits could migrate to CBDCs. On the other hand, poor adoption could mean a reputational risk event for the central bank. Therefore, unlike most central bank products, it looks like CBDC design should be user-oriented, with consumers and merchants as the main users and commercial banks as distributors. This means that before CBDCs are rolled out, there has to be a design phase that studies under which design options the CBDC will be used will be convenient, as well as safe, reliable, and efficient.
\n\nGuests John Velissarios (Accenture/DEA/DDP) and Raoul Herborg (Giesecke + Devrient) joined FNA for session #9 of The CBDC Broadcast as we discussed how some design options could shape the rollout and adoption of CBDCs. The session played close attention to the particular balance CBDCs must achieve to be successful, that is, being effectively adopted without jeopardizing the stability of the financial system.
\n\nThe session covered:
\n\nWith:
\n| Jan Schoombee, Fnality
Financial markets face unprecedented challenges. These challenges include fragmented and inefficient post-trade processes, liquidity constraints and complex and costly risk management.
\n\nTo address these challenges, Fnality is developing a peer-to-peer payment system underpinned by Distributed Ledger Technology to enable quicker and safer exchanges of value.
\n\nIn session #5 of The Payment Systems Broadcast, Jan Schoombee (Fnality) joined FNA to discuss the success of a project exploring liquidity savings calculations and what this means for banks looking to optimise their balance sheet.
\n\nThe session covered:
\n\n| Claudi Ceresani, DGT Solutions
\n\n| Phil Mochan, Nomos
\n\nCross-border payments have always been in the spotlight, often criticized for being slow and costly and unable to cope with the demands for efficient payments among individuals, firms and financial institutions from different jurisdictions.
\n\nChallenger financial market infrastructures are trying to solve this long-lived claim for efficient cross-border payments. New technologies and access to flexible and affordable computing services have encouraged the development of solutions that aim to fulfil the demand for better retail and wholesale cross-border payments.
\n\nIn this session of The Payment Systems Broadcast, we’ll continue the discussion on how challenger FMIs are contributing to solving the cross-border payments conundrum with guests Phil Mochan from Nomos, a new global FMI that supports correspondent banking and Claudio Ceresani from DGT Solutions. Join us as we explore the extent to which FMIs are influencing the cross-border payments ecosystem.
\n\nThe session covered:
\n\nWith:
\n\n| Larissa de Lima, Oliver Wyman Forum
\n| Erica Salinas, Amazon Web Services
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.
\n\nSession #8 of the CBDC Broadcast featured guests Larissa De Lima (Oliver Wyman Forum) and Erica Salinas (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.
\n\nThe session covered:
\n\nWith:
\n\n| Masaki Bessho, Bank of Japan
\n| Dr Steven Hu, Standard Chartered Bank, Singapore
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 private forms of digital currencies.
\n\nEach country has a different set of features and objectives that make the CBDC’s design and roll-out a tailor-made process.
\n\nIn the seventh session of FNA’s CBDC Broadcast, we talked to two guest speakers from the Bank of Japan and Standard Chartered Bank Singapore, who offer an insight into CBDCs from an Asia-Pacific perspective.
\n\nThe Session Covered
\n\nThroughout 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 later.
\n\nToday, as new technologies and innovations continue to emerge with the potential to transform the financial system, such as CBDCs, we ask, what historical and modern lessons are shaping the future of CBDCs?
\n\nTo answer this question guests John Kiff, Managing Director at the CBDC Think Tank and Harish Natarajan, Lead Financial Sector Specialist, Finance, Competitiveness & Innovation at The World Bank joined FNA for Session #6 of The CBDC Broadcast.
\n\nThe session covered:
\n\nWith:
\n\n| Ludmilla Buteau Allien, Bank of the Republic of Haiti
\n| Dr Adolfo Sarmiento, Central Bank of Uruguay
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 private forms of digital currencies.
\n\nEach country has a different set of features and objectives that make a CBDC’s design and roll-out a tailor-made process. Having heard about the challenge and motivation from a G7 perspective in Session #4 with the Bank of England and the Bank of Canada, we turn our attention to Latin America as we hear from Ludmilla Buteau Allien (Bank of the Republic of Haiti) and Dr Adolfo Sarmiento (Central Bank of Uruguay)
","summary":"We hear from Ludmilla Buteau Allien (Bank of the Republic of Haiti) and Dr Adolfo Sarmiento (Central Bank of Uruguay)","date_published":"2022-05-18T11:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/46f542da-d487-45b8-a91d-34505f01fc68.mp3","mime_type":"audio/mpeg","size_in_bytes":75165128,"duration_in_seconds":3130}]},{"id":"8fe30d4e-cb09-438c-b9ae-bfb60fd18556","title":"CBDC Broadcast #4 - CBDC Motivations, Challenges and Design Choices- A Perspective from the UK and Canada","url":"https://fna.fireside.fm/cbdcbroadcast-4","content_text":"With: \n\n| Francisco Rivadeneyra, Bank of Canada\n| Mehregan Ameri, Bank of England\n\nThere 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 private forms of digital currencies.\n\nEach country has a different set of features and objectives that influence a CBDC’s design, making the roll-out a tailored process.\n\nIn this fourth session of FNA’s CBDC Broadcast, we talk to Dr Francisco Rivadeneyra from the Bank of Canada and Mehregan Ameri from the Bank of England to gain an insight into CBDCs from a G7 perspective","content_html":"With:
\n\n| Francisco Rivadeneyra, Bank of Canada
\n| Mehregan Ameri, Bank of England
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 private forms of digital currencies.
\n\nEach country has a different set of features and objectives that influence a CBDC’s design, making the roll-out a tailored process.
\n\nIn this fourth session of FNA’s CBDC Broadcast, we talk to Dr Francisco Rivadeneyra from the Bank of Canada and Mehregan Ameri from the Bank of England to gain an insight into CBDCs from a G7 perspective
","summary":"In this fourth session of FNA’s CBDC Broadcast, we talk to Dr Francisco Rivadeneyra from the Bank of Canada and Mehregan Ameri from the Bank of England to gain an insight into CBDCs from a G7 perspective.","date_published":"2022-04-28T11:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/8fe30d4e-cb09-438c-b9ae-bfb60fd18556.mp3","mime_type":"audio/mpeg","size_in_bytes":82774939,"duration_in_seconds":3448}]},{"id":"1c44ad7b-60d7-4582-b870-ffae554ab87f","title":"CBDC Broadcast #3 - HSBC and IBM’s joint CBDC Project","url":"https://fna.fireside.fm/cbdcbroacast-3","content_text":"\nThe successful test of an advanced token and digital wallet settlement capability encompassing direct transactions between two central bank digital currencies (CBDCs) in a hybrid cloud environment\nHow the project executed a complex, multi-asset transactional scenario across ledgers\nMulti-assets: CBDCs, eBonds (primary and secondary DvP), FX (PvP)\nLedgers: IBM’s Hyperledger Fabric & R3’s Corda, integrated using IBM’s Research’s Weaver interoperability tool\nThe key to reducing time and market risks and improving security for transactions between central banks, commercial banks and clients.\n","content_html":"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:
\n\nAdrian Waddy, Data Consultant at Australian Prudential Regulation Authority and Developer at the Bank of England, joins host Adam Csabay to discuss his contribution to the Risk books publication, Data Science in Economics and Finance for Decision-makers.
\n\nAdrian's chapter, Implementing Big Data Solutions, provides an insight into implementing Big Data platforms and the decisions that must be made along the way to ensure the platform is efficient, effective and user-friendly.
\n\nThe book, published in March this year, edited by the ECB's Per Nymand-Andersen, provides an overview of how digital transformation and Data Science can support decision making. It offers a variety of perspectives, from over 20 contributors to manage digital data.
\n\nFNA'ers Kimmo Soramäki, Ivana Ruffini, Mikhail Oet, Tomas Takko and Adam Csabay and David Bolder from Nordic Investment Bank also feature in the publication. The latter also discusses his chapter in a previous FNA Talks episode.
\n\nEpisode breakdown:
\n1:10: An introduction to Adrian’s background
\n1:50: What does David’s chapter cover and why is the topic important?
\n3:00: What are the two main insights for demystifying Data Science
\n4:42: What are the key takeaways from the chapter, and what advice would you give to decision makers starting Data Science?
\n6:37: What are the two main lessons you would draw from your chapter?
\n7:49: What is your vision for Data Science and its evolution?
In this latest episode of the FNA Talks podcast series, David Bolder, Director of Model Development and Economic Capital and FNA’s Central Bank and Academia Programme Manager, Will Towning, discuss one of the most awaited Fintech publications of 2021: Data Science in Economics and Finance for Decision Makers, edited and co-authored by the ECB’s Per Nymand-Andersen.
\n\nDavid – who co-authored the book – and Will review the key themes of David’s contributions, highlighting the practical implications and demystifying common disillusions of where data science fits into a decision maker’s tool kit.
\n\nThe book, published in March this year, provides an overview of how digital transformation and data science can support decision making and offers a variety of perspectives on managing digital data.
\n\nContributions from FNA’ers Kimmo Soramäki, Ivana Ruffini, Mikhail Oet, Tuomas Takko and Adam Csabay also featured in the book. The chapter FNA authored, Prudential Stress Testing in Financial Networks, provides a taxonomy of organizational problems facing firms operating in financial markets, and offers a comprehensive approach to information system design that addresses stress testing in networks.
\n\nThe FNA Team’s work sits amongst contributions from over 20 global experts from both the private and public sectors.
\n\nThe book can be purchased here: https://riskbooks.com/data-science-in-economics-and-finance
\n\n0:00 – Introductions
\n2:05 – What David’s chapter covers and why it is important for decision-makers
\n4:13 – Two insights for demystifying data science
\n6:48 – Advice for decision-makers for starting data science
\n9:23 – Core lessons decision-makers should draw from David’s chapter
\n13:05 – David’s vision for data science and its evolution
It's the one topic that's been on everyone's mind since the start of 2020, Covid-19. But what impact have Covid-19 disruptions had on the financial sector, and what technological innovations have arisen as a result?
\n\nIn this episode of FNA Talks, Kevin Gardiner, Managing Director and Global Investment Strategist at Rothschild & Co joins host Adam Csabay to highlight the key lessons from the Covid-19 crisis, assess its impact on the future of Fintech and explore the implications of CBDCs on the roles and responsibilities of Central Banks and Financial Services providers.
\n\n00:00: Introduction
\n\n01:19: To what extent has your business been affected by the COVID-19 crisis, and what key lessons would you highlight for our listeners?
\n\n04:05: Has Fintech- or innovative technology in general- provided any useful tools for tackling these disruptions?
\n\n05:13: Which key areas should fintech innovation focus on going forward?
\n\n08:12: In what ways will the financial industry be affected by developments related to CBDCs and the rise of digital money in general?
\n\n11:04: Can the Libras- or digital money issued by BigTechs- challenge Central Banks’ monopoly over monetary policy?
","summary":"Kevin Gardiner, Managing Director and Global Investment Strategist at Rothchild & Co joins host Adam Csabay to discuss the impact of the Covid-19 crisis and Technological Innovations. ","date_published":"2021-07-15T10:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/629e4b22-d766-4461-91fe-596c4612bb63.mp3","mime_type":"audio/mpeg","size_in_bytes":16348939,"duration_in_seconds":909}]},{"id":"5288beec-d01e-413b-8a7c-aa675eac9a25","title":"FNA Talks Women in Fintech & Suptech with Clair Mills, Bank of England","url":"https://fna.fireside.fm/women-in-fintech-and-suptech-bank-of-england","content_text":"Together, Clair and Bella, discuss Clair’s diverse career leading up to her current role as Chief Operating Officer for the Prudential Regulation Authority within the Bank of England, her experience of gender diversity and advice to women interested in a career in finance and technology. \n\nClair Mills is currently, the Chief Operating Officer for the Prudential Regulation Authority (PRA), within the Bank of England. Clair is responsible for the PRA operations, this includes the delivery of the PRA’s Operating Strategy, Budget, Internal Communications and Investment Portfolio. Other areas of responsibility include managing Data innovation, Regulatory and Business Change, Workforce planning and Diversity and Inclusion. \n\nClair has over 20 years’ expensive financial services experience, operating at board level and leading successful strategic and transformational change in a number of complex organisations, having started her career in the Building Society and Retail Banking sector, before moving into Operational and Technological Change Management Consultancy. \n\nClair joined the Financial Services Authority in 2011 to lead the Internal Twin Peaks programme to transition to the PRA and FCA regulatory model, moving across to the Bank of England with the PRA. \n\nIn her current role, as well as providing the leadership, management and vision necessary to support the business and to ensure that the proper operational controls are in place. Clair is also responsible for driving a demand-led data approach for the PRA, this includes giving keynote speeches both in the UK and internationally on topics such as Regulatory Technology (RegTech) and how regulators can take advantage of the advances in technology in the work we do. Clair is one of the few senior women in Central Banking and Regulation that work in the sphere. \n\nAlongside this role, Clair is a trustee for two charitable organisations, the Addington Fund and the Chartered Institute of Securities and Investments, where she also sits on the Audit and Risk Committee. \n\nClair’s home is a working farm in rural Devon, which she shares with her husband and son. Her passion since childhood is horses, together with helping out on the farm, this provides a great way to recharge batteries and is a very different challenge. \n\n00:16: What is your background and how did you come to work in your current role?\n08:39: Would you say that your current role is more FinTech, RegTech or SupTech oriented?\n11:24: Do you think diversity is a problem in the industry anecdotally? \n14:37: Has the lack of diversity affected your actions?\n16:37: Why is diversity important especially in managerial positions and finance and technology?\n19:34: Did you notice this diversity gap in your education or in entering the workforce or was there a time where it became more apparent to you?\n21:20: Are there any steps we as a generation can take to minimise the gap?\n25:20: How do you see the role of women in fintech evolving over the next few years?\n26:26 What steps can younger generations of women interested in STEM take to be more proactive about creating changes?\n28:43: What advice would you give to young women int arrested in finance or technology?","content_html":"Together, Clair and Bella, discuss Clair’s diverse career leading up to her current role as Chief Operating Officer for the Prudential Regulation Authority within the Bank of England, her experience of gender diversity and advice to women interested in a career in finance and technology.
\n\nClair Mills is currently, the Chief Operating Officer for the Prudential Regulation Authority (PRA), within the Bank of England. Clair is responsible for the PRA operations, this includes the delivery of the PRA’s Operating Strategy, Budget, Internal Communications and Investment Portfolio. Other areas of responsibility include managing Data innovation, Regulatory and Business Change, Workforce planning and Diversity and Inclusion.
\n\nClair has over 20 years’ expensive financial services experience, operating at board level and leading successful strategic and transformational change in a number of complex organisations, having started her career in the Building Society and Retail Banking sector, before moving into Operational and Technological Change Management Consultancy.
\n\nClair joined the Financial Services Authority in 2011 to lead the Internal Twin Peaks programme to transition to the PRA and FCA regulatory model, moving across to the Bank of England with the PRA.
\n\nIn her current role, as well as providing the leadership, management and vision necessary to support the business and to ensure that the proper operational controls are in place. Clair is also responsible for driving a demand-led data approach for the PRA, this includes giving keynote speeches both in the UK and internationally on topics such as Regulatory Technology (RegTech) and how regulators can take advantage of the advances in technology in the work we do. Clair is one of the few senior women in Central Banking and Regulation that work in the sphere.
\n\nAlongside this role, Clair is a trustee for two charitable organisations, the Addington Fund and the Chartered Institute of Securities and Investments, where she also sits on the Audit and Risk Committee.
\n\nClair’s home is a working farm in rural Devon, which she shares with her husband and son. Her passion since childhood is horses, together with helping out on the farm, this provides a great way to recharge batteries and is a very different challenge.
\n\n00:16: What is your background and how did you come to work in your current role?
\n08:39: Would you say that your current role is more FinTech, RegTech or SupTech oriented?
\n11:24: Do you think diversity is a problem in the industry anecdotally?
\n14:37: Has the lack of diversity affected your actions?
\n16:37: Why is diversity important especially in managerial positions and finance and technology?
\n19:34: Did you notice this diversity gap in your education or in entering the workforce or was there a time where it became more apparent to you?
\n21:20: Are there any steps we as a generation can take to minimise the gap?
\n25:20: How do you see the role of women in fintech evolving over the next few years?
\n26:26 What steps can younger generations of women interested in STEM take to be more proactive about creating changes?
\n28:43: What advice would you give to young women int arrested in finance or technology?
Julapa Jagtiani, Senior Economic and Economist at the FRB Philadelphia, joins Bella to discuss Julapa’s career and her experience of gender diversity in finance and the steps we can take to increase diversity in the finance and technology sector.
\n\nAs well as a Senior Economic Advisor and Economist at the FRB Philadelphia, Julapa Jagtiani, is also a Fellow member of the Wharton Financial Institutions Centre, and a Central Bank Research Fellow at the Bank for International Settlements (BIS). At the Federal Reserve, Julapa has conducted research and participated in several supervisory policies and implementation projects, including Basel capital requirements for banks, CCAR bank stress testing, and more recently Fintech innovations and regulatory policies. She is a member of the Fintech Subgroup of the Risk Council. Julapa has published influential research articles in top finance journals. Her recent research has focused on issues relating to Fintech innovations, the roles of alternative data and AI/ML in the new financial landscape, small business lending, and various consumer finance issues. Jagtiani has a PhD in finance and an MBA from New York University’s Stern School of Business, where she held the Rockefeller Foundation Fellowship.
\n\n00:17: What is your current role and how did you start working in it?
\n04:45: Would you say that your role is currently more Fintech, Suptech or Regtech oriented?
\n06:53: What is your background and education and how does this relate to your role and the research you’ve done?
\n08:51: Do you think that there’s a diversity problem in the industry anecdotal speaking?
\n10:30: How has the lack of diversity affected your actions subconsciously or subconsciously?
\n13:21: Why is diversity important, especially in the financial and technology field?
\n14:37: Would you say that there’s any association between women and their skillsets as it pertains to different roles?
\n15:47: What steps can his generation take to minimise the gap that you’ve seen?
\n17:47: What advice would you give to young women interested in finance and technology?
Stacey Cunningham, President of the New York Stock Exchange joins host, Bella for the third instalment of FNA’s podcast mini-series, Women in Fintech & Suptech.
\n\nStacey Cunningham joins host, FNA’s Isabella Ivanov, to discuss Stacey’s role at the New York Stock Exchange and her experience as a woman in a traditionally male-dominated sector.
\n\nStacey Cunningham is President of the NYSE Group and a member of the executive management committee of the parent company, Intercontinental Exchange (NYSE: ICE). NYSE Group includes the New York Stock Exchange, the world’s largest equity exchange and premier venue for capital raising, as well as a diverse range of equity and equity options exchanges.
\n\nPrior to being named NYSE President, Cunningham served as NYSE Chief Operating Officer and has held several senior positions at global exchanges. Cunningham has a degree in Industrial Engineering from Lehigh University and currently sits on the Board of Directors for Catalyst, and the Partnership of New York City.
\n
\nWith conversations and advice from influential women across the Fintech sector, the FNA Talks mini-series, Women in Fintech, aims to bring awareness to the role women play within the financial industry and the importance of gender diversity within the sector.
00:00:21: Stacey’s Background and Role
\n00:03:12: Current work focus and day to day role
\n00:05:44: Is Gender diversity an issue?
\n00:10:26: How has the lack of diversity influenced your actions?
\n00:14:00: Importance of diversity in finance
\n00:16:24: Steps we can take to minimize the gender gap
\n00:19:12: Role of women in Finance over the next 10 years
\n00:20:03: What steps can women in the younger generations take?
\n00:22:11: Final advice for women in STEM
Carlos León at Banco de la República and Gilberto Chavez-Velazquez at Deutsche Bank join FNA's Mohesen Namazi and Kimmo Soramäki to share their perspectives on approaches to Intraday Liquidity stress testing.
\n\n00:00:00: Introduction
\n00:02:13: Approaches to applying stress testing to intraday liquidity
\n00:09:42: What are some of the data and operational challenges in quantifying and measuring stress testing from an Intraday liquidity perspective
\n00:18:02: Important considerations when building a successful programme to address regulatory requirements
\n00:24;02: new techniques and consideration in intraday liquidity stress testing programme
European Banking Authority's Slavka Eley joins host FNA's Isabella Ivanov to discuss her experience as a woman in finance and the role women will play in the industry in the future.
\n
\nSlavka Eley joined the European Banking Authority in 2013 and currently leads the Banking Innovation and Products Unit, responsible for the EBA's work on financial Innovation, digital finance, capital market union and sustainable finance. As part of her current role, she leads the EBA project team on sustainable finance. Additionally, Slavka represents the EBA at European and international working groups, including the FSB Financial Innovation Network, the European Commission's Platform on Sustainable Finance and Basel Committee's Taskforce on Climate Risk.
Over the past few years, Slavka has chaired different working groups at the EBA, such as the Network on Sustainable Finance, the Sub-group on Risk Assessment Systems, the mandate to develop the European Supervisory framework and the Subgroup on supervisory Effectiveness and Convergence.
\n\nBefore joining the EBA, Slavka worked for the National Bank of Slovakia as the Head of Supervisory Division for Banks with Advanced Risk Management Approach, responsible for supervising all large banks in Slovakia.
\n\nSlavka holds an MBA in general management from the City University of Seattle and a Master's degree in Mathematics and Physics from the Comenius University Bratislava.
\n\n00:00:00 Introduction
\n00:00:26 Slavka's Role at EBA and Introduction to EBA
\n00:02:02: What topics are you focusing on under the Digital Finance work
\n00:03:31: Education and the background to your current role
\n00:07:40: Is diversity an issue in the industry anecdotally speaking
\n00:12:53: Importance of diversity in Technology and finance
Bank of Lithuania's, Jekaterina Govina joins host, FNA's Isabella Ivanov, to discuss women in the Financial industry, Jekaterina’s own personal experiences throughout her career as a lawyer within fintech and advice to young women interested in finance and fintech.
\n\nFor four years, Jekaterina has developed policies for the fintech industry in Lithuania and prior to her appointment as Executive Director of Supervision Services, she worked as a coordinator of Lithuanian Fintech Strategy and Head of the Innovation Committee.
\n\nJekaterina has previously worked as a lawyer across various divisions within the Bank of Lithuania. Responsibilities included insurance, payments, lending, peer-to-peer lending and crowd-funding regulations.
\n\nShe holds various accolades and was awarded Public Sector Lawyer of the Year for developing the concept of crowdfunding regulation in Lithuania, and for preparing a dwarf law on crowdfunding. Jekaterina has also been acknowledged by Lattice80 as one of the Top 100 Women in Fintech.
\n\nWith conversations and advice from influential women across the Fintech sector, the FNA Talks miniseries, Women in Fintech & Suptech, aims to bring awareness to the role women play within the financial industry and the importance of gender diversity within the sector.
","summary":"The first instalment of the Women in Fintech & Suptech podcast mini-series features Jekaterina Govina, Executive Director of Supervision Services at the Lietuvos Bankas (Bank of Lithuania). \r\n","date_published":"2021-05-17T06:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/e5f459de-5971-4826-88f9-4eb1c7d2783b.mp3","mime_type":"audio/mpeg","size_in_bytes":42173054,"duration_in_seconds":1293}]},{"id":"4ce0ed95-5740-4526-89f3-11897e78421c","title":"Data Science in Economics and Finance for Decision Makers","url":"https://fna.fireside.fm/-data-science-in-economics-and-finance-for-decision-makers","content_text":"In this latest episode of the FNA Talks podcast series, the ECB’s Per Nymand-Andersen joins FNA’s Suptech Lead, Adam Csabay to discuss one of the most awaited Fintech publications of 2021: Data Science in Economics and Finance for Decision Makers. \n\nPer - who edited and co-authored the book - and Adam review the key themes of the book and highlight its practical contributions, as well as discuss the role that data science will play in the post-Covid world. \n\nIndex: \n00:00 - Introduction\n\n01:08 - Why does data science matter for decision-makers in 2021?\n\n05:01 - How can data science help us tackle the impacts and implications of disruptions like the Covid-19 crisis?\n\n08:31 - In what ways is data science transforming the work of central banks?","content_html":"In this latest episode of the FNA Talks podcast series, the ECB’s Per Nymand-Andersen joins FNA’s Suptech Lead, Adam Csabay to discuss one of the most awaited Fintech publications of 2021: Data Science in Economics and Finance for Decision Makers.
\n\nPer - who edited and co-authored the book - and Adam review the key themes of the book and highlight its practical contributions, as well as discuss the role that data science will play in the post-Covid world.
\n\nIndex:
\n00:00 - Introduction
01:08 - Why does data science matter for decision-makers in 2021?
\n\n05:01 - How can data science help us tackle the impacts and implications of disruptions like the Covid-19 crisis?
\n\n08:31 - In what ways is data science transforming the work of central banks?
","summary":"FNA Talks Data Science in Economics and Finance for Decision Makers with ECB’s Per Nymand-Andersen. ","date_published":"2021-04-16T15:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/4ce0ed95-5740-4526-89f3-11897e78421c.mp3","mime_type":"audio/mpeg","size_in_bytes":19535559,"duration_in_seconds":1168}]},{"id":"4ef9ee88-42c9-46c4-be62-a8e7f1cb3c51","title":"Digital Currencies and Crypto Assets in 2021- Impacts, Implications and Regulatory Responses","url":"https://fna.fireside.fm/8-digital-currencies-and-crypto-assets-in-2021","content_text":"Digital Currencies and Crypto Assets in 2021: Impacts, Implications and Regulatory Responses\n\nThe first FNA Talk of the year focuses on one of the most prominent FinTech themes of 2021. Join Adam as he chats with with Moad Fahmi, Senior Advisor (Financial Technology) from the Bermuda Monetary Authority. Bermuda is one of the first jurisdictions with a regulatory framework designed specifically for digital asset businesses. We will be discussing the impacts and implications of digital currencies and crypto assets and highlight the new roles and responsibilities of central banks and financial authorities.\n\nIndex\n\n00:00 - Introduction\n\n01:24 - How is digital money changing the landscape of financial services including payments and settlements?\n\n07:18 - What are the particularities of the digital assets regulation and sector in Bermuda?\n\n12:14 - How do regulators and central banks need to change to be able to supervise and regulate the digital assets businesses?\n\n18:20 - What are the key prerequisites for a successful regulation of digital currencies and digital assets on the cross-jurisdictional level?\n\n23:46 - What are the potential implications of the digital money being issued by a variety of entities including the BigTechs?","content_html":"Digital Currencies and Crypto Assets in 2021: Impacts, Implications and Regulatory Responses
\n\nThe first FNA Talk of the year focuses on one of the most prominent FinTech themes of 2021. Join Adam as he chats with with Moad Fahmi, Senior Advisor (Financial Technology) from the Bermuda Monetary Authority. Bermuda is one of the first jurisdictions with a regulatory framework designed specifically for digital asset businesses. We will be discussing the impacts and implications of digital currencies and crypto assets and highlight the new roles and responsibilities of central banks and financial authorities.
\n\nIndex
\n\n00:00 - Introduction
\n\n01:24 - How is digital money changing the landscape of financial services including payments and settlements?
\n\n07:18 - What are the particularities of the digital assets regulation and sector in Bermuda?
\n\n12:14 - How do regulators and central banks need to change to be able to supervise and regulate the digital assets businesses?
\n\n18:20 - What are the key prerequisites for a successful regulation of digital currencies and digital assets on the cross-jurisdictional level?
\n\n23:46 - What are the potential implications of the digital money being issued by a variety of entities including the BigTechs?
","summary":"Maod Fahmi, Senior Advisor (Financial Technology) from the Bermuda Monetary Authority joins Suptech Lead, Adam Csabay for the first podcast of 2021","date_published":"2021-02-11T12:00:00.000+00:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/4ef9ee88-42c9-46c4-be62-a8e7f1cb3c51.mp3","mime_type":"audio/mpeg","size_in_bytes":30199582,"duration_in_seconds":1879}]},{"id":"5f39660b-d73a-44a2-b6aa-7d0b94e73ae0","title":"Intraday Liquidity Management in Banking - Technology Landscape in Focus ","url":"https://fna.fireside.fm/7-intraday-liquidity-in-banking-technology-landscape-in-focus","content_text":"Intraday Liquidity Management in Banking - Technology Landscape in Focus\n\nToday's FNA Talk is dedicated to one of the most important topics for the banking sector, with FNA's President Phillip Straley and Tucker Dona, Head of Business Development and Client Success at Baton Systems, examining the technological considerations of intraday liquidity.\n\nIndex\n\n00:00 - Introduction\n\n02:19 - What does the landscape of technology look like for intraday liquidity management for banks in today's market?\n\n05:08 - From a technology enablement perspective what are some of the main building blocks for intraday liquidity?\n\n07:18 - Looking at the evolution of intraday liquidity technology at banks what are some of the key elements that define operational maturity?\n\n10:45 - Looking forward to the next 1-2 years, what are some of the key priorities that banks need to keep in mind to maintain a robust intraday liquidity management program?","content_html":"Intraday Liquidity Management in Banking - Technology Landscape in Focus
\n\nToday's FNA Talk is dedicated to one of the most important topics for the banking sector, with FNA's President Phillip Straley and Tucker Dona, Head of Business Development and Client Success at Baton Systems, examining the technological considerations of intraday liquidity.
\n\nIndex
\n\n00:00 - Introduction
\n\n02:19 - What does the landscape of technology look like for intraday liquidity management for banks in today's market?
\n\n05:08 - From a technology enablement perspective what are some of the main building blocks for intraday liquidity?
\n\n07:18 - Looking at the evolution of intraday liquidity technology at banks what are some of the key elements that define operational maturity?
\n\n10:45 - Looking forward to the next 1-2 years, what are some of the key priorities that banks need to keep in mind to maintain a robust intraday liquidity management program?
","summary":"Tucker Dona, Head of Business Development and Client Success at Baton Systems joins FNA President Philip Straley to examine the technological considerations of intraday liquidity. ","date_published":"2020-11-17T11:00:00.000+00:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/5f39660b-d73a-44a2-b6aa-7d0b94e73ae0.mp3","mime_type":"audio/mpeg","size_in_bytes":17570175,"duration_in_seconds":1008}]},{"id":"9f8cf733-e4b4-40b3-b20d-0ea07f5ee4fe","title":"Intraday Liquidity Management in Banking: Key Trends and New Opportunities","url":"https://fna.fireside.fm/6-intraday-liquidity-management-in-banking","content_text":"Intraday Liquidity Management in Banking: Key Trends and New Opportunities\n\nToday's FNA Talk is dedicated to one of the most important topics for the banking sector - with FNA's President Phillip Straley, and Jesse Drennan, Senior Vice President at HSBC, discussing key developments in the area of intraday liquidity management.\n\nIndex\n\n00:00 - Introduction\n\n02:33 - How do you see the market dynamics of 2020 having impacted the plans of large global banks?\n\n05:13 - What have been the key focuses related to intraday liquidity in the market over the last 2-3 years, and what do you see as priorities for the next year or two?\n\n09:39 - How are challenger financial institutions impacting the market & banks’ thinking? - particularly from the standpoint of impact on client expectations and systemic risks?\n\n14:54 - Looking forward… Can you describe \"End State\" outcomes in the market ? And what does this mean for individual large bank’s capabilities?\n\n19:10 - Could you provide a summary of how you see internal processes optimized, plus any final points on the broader ecosystem?","content_html":"Intraday Liquidity Management in Banking: Key Trends and New Opportunities
\n\nToday's FNA Talk is dedicated to one of the most important topics for the banking sector - with FNA's President Phillip Straley, and Jesse Drennan, Senior Vice President at HSBC, discussing key developments in the area of intraday liquidity management.
\n\nIndex
\n\n00:00 - Introduction
\n\n02:33 - How do you see the market dynamics of 2020 having impacted the plans of large global banks?
\n\n05:13 - What have been the key focuses related to intraday liquidity in the market over the last 2-3 years, and what do you see as priorities for the next year or two?
\n\n09:39 - How are challenger financial institutions impacting the market & banks’ thinking? - particularly from the standpoint of impact on client expectations and systemic risks?
\n\n14:54 - Looking forward… Can you describe "End State" outcomes in the market ? And what does this mean for individual large bank’s capabilities?
\n\n19:10 - Could you provide a summary of how you see internal processes optimized, plus any final points on the broader ecosystem?
","summary":"Jesse Drennan, Senior Vice President at HSBC joins FNA's President Phillip Straley to discuss key developments in the area of intraday liquidity management.","date_published":"2020-10-21T11:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/9f8cf733-e4b4-40b3-b20d-0ea07f5ee4fe.mp3","mime_type":"audio/mpeg","size_in_bytes":22497063,"duration_in_seconds":1404}]},{"id":"eaf32936-249d-4b60-a23b-f6a327821fc0","title":"Maintaining Resilience during Systemic Disruptions: A User Guide for FMIs and Overseers - Part 2 ","url":"https://fna.fireside.fm/5-maintaining-resilience-during-systemic-disruptions-2","content_text":"Maintaining Resilience during Systemic Disruptions: A User Guide for FMIs and Overseers - Part 2\n\nIn today’s FNA Talk, John Hagon, Chief Operating Officer at CLS and FNA’s Adam Csabay focus on how to maintain resilience during systemic disruptions. In the second part of the episode,John discusses whether the COVID-19 Crisis has changed his team's approach to business and operational resilience; outlines his views on the implications for coordination and collaboration between the FMIs and their overseers; as well as highlights the sources of systemic disruptions that will need to be paid attention as a priority to going forward.\n\nIndex\n\n00:00 - Introduction\n\n01:25 - What lessons has the COVID-19 crisis taught us in relation to systemic disruptions, and the processes and procedures for tackling their impact?\n\n04:08 - What will be the implications for coordination and collaboration between the FMIs and the authorities that oversee them?\n\n06:49 - Which sources of systemic disruptions should the FMIs and overseers focus on as a priority going forward?\n\n09:32 - How will the future of work change in Finance in response to the current pandemic?","content_html":"Maintaining Resilience during Systemic Disruptions: A User Guide for FMIs and Overseers - Part 2
\n\nIn today’s FNA Talk, John Hagon, Chief Operating Officer at CLS and FNA’s Adam Csabay focus on how to maintain resilience during systemic disruptions. In the second part of the episode,John discusses whether the COVID-19 Crisis has changed his team's approach to business and operational resilience; outlines his views on the implications for coordination and collaboration between the FMIs and their overseers; as well as highlights the sources of systemic disruptions that will need to be paid attention as a priority to going forward.
\n\nIndex
\n\n00:00 - Introduction
\n\n01:25 - What lessons has the COVID-19 crisis taught us in relation to systemic disruptions, and the processes and procedures for tackling their impact?
\n\n04:08 - What will be the implications for coordination and collaboration between the FMIs and the authorities that oversee them?
\n\n06:49 - Which sources of systemic disruptions should the FMIs and overseers focus on as a priority going forward?
\n\n09:32 - How will the future of work change in Finance in response to the current pandemic?
","summary":"In part two, John Hagon joins Adam Csabay to discuss the impact the COVID-19 Crisis has changed his team's approach to business and operational resilience. ","date_published":"2020-07-09T11:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/eaf32936-249d-4b60-a23b-f6a327821fc0.mp3","mime_type":"audio/mpeg","size_in_bytes":13962480,"duration_in_seconds":852}]},{"id":"b74d6a58-a740-49a4-807a-305abb3ba577","title":"Maintaining Resilience during Systemic Disruptions: A User Guide for FMIs and Overseers - Part 1","url":"https://fna.fireside.fm/4-maintaining-resillience-during-systemic-disruptions","content_text":"Maintaining Resilience during Systemic Disruptions: A User Guide for FMIs and Overseers - Part 1\n\nIn today's FNA Talk, John Hagon, Chief Operating Officer at CLS and FNA's Adam Csabay discuss how to maintain resilience during systemic disruptions. The first part of the episode focuses on the impact of the COVID-19 Crisis on the FMI landscape, the implications for CLS' operations and the taxonomy of its response; as well as the practical applicability of technology-based tools and frameworks.\n\nIndex\n\n00:00 - Introduction\n\n01:25 - How has the COVID-19 crisis impacted the FMI landscape?\n\n04:06 - What were the implications on CLS's operations? And which areas have been the most affected ones?\n\n08:56 - What immediate steps has the operations team taken to tackle the impact of the COVID related disruptions?\n\n11:58 - Has FinTech - or innovative technology in general - provided any useful tools or frameworks","content_html":"Maintaining Resilience during Systemic Disruptions: A User Guide for FMIs and Overseers - Part 1
\n\nIn today's FNA Talk, John Hagon, Chief Operating Officer at CLS and FNA's Adam Csabay discuss how to maintain resilience during systemic disruptions. The first part of the episode focuses on the impact of the COVID-19 Crisis on the FMI landscape, the implications for CLS' operations and the taxonomy of its response; as well as the practical applicability of technology-based tools and frameworks.
\n\nIndex
\n\n00:00 - Introduction
\n\n01:25 - How has the COVID-19 crisis impacted the FMI landscape?
\n\n04:06 - What were the implications on CLS's operations? And which areas have been the most affected ones?
\n\n08:56 - What immediate steps has the operations team taken to tackle the impact of the COVID related disruptions?
\n\n11:58 - Has FinTech - or innovative technology in general - provided any useful tools or frameworks
","summary":"John Hagon, Chief Operating Officer at CLS and FNA's Adam Csabay discuss how to maintain resilience during systemic disruptions. ","date_published":"2020-07-02T11:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/b74d6a58-a740-49a4-807a-305abb3ba577.mp3","mime_type":"audio/mpeg","size_in_bytes":16903335,"duration_in_seconds":1022}]},{"id":"bc61efa7-42e3-447b-8772-c9ef8cb9d45f","title":"Five Digital Currency Questions for 2020 - Part 2","url":"https://fna.fireside.fm/3-five-digital-currency-questions-for-2020-2","content_text":"Five Digital Currency Questions for 2020\n\nPart 2 - Impact of Digital Currencies on the Use of Cash, Financial Stability and Monetary Policy\n\nToday’s FNA Talk is dedicated to one of the most prominent FinTech themes of 2020. Together with Daniel Heller from Fnality International we discuss Digital Currencies and their impact and implications. In the second part of the episode, we focus on the Impact of Digital Currencies on the Use of Cash, Financial Stability and Monetary Policy.\n\nIndex\n\n00:00 – Introduction\n\n01:31 – What will digital currencies mean for the use of cash?\n\n03:54 – Which traditional cash related risks can digital currencies help to solve?\n\n06:33 – What will be the implications of digital currencies for financial stability?\n\n09:14 – In what ways will the existing regulatory and supervisory procedures need to change?\n\n10:38 - How will digital currencies impact formulation and implementation of monetary policy?\n\n14:05 - Can the Libras (digital currencies issued by the BigTechs like Facebook) challenge central banks’ monopoly over monetary policy?","content_html":"Five Digital Currency Questions for 2020
\n\nPart 2 - Impact of Digital Currencies on the Use of Cash, Financial Stability and Monetary Policy
\n\nToday’s FNA Talk is dedicated to one of the most prominent FinTech themes of 2020. Together with Daniel Heller from Fnality International we discuss Digital Currencies and their impact and implications. In the second part of the episode, we focus on the Impact of Digital Currencies on the Use of Cash, Financial Stability and Monetary Policy.
\n\nIndex
\n\n00:00 – Introduction
\n\n01:31 – What will digital currencies mean for the use of cash?
\n\n03:54 – Which traditional cash related risks can digital currencies help to solve?
\n\n06:33 – What will be the implications of digital currencies for financial stability?
\n\n09:14 – In what ways will the existing regulatory and supervisory procedures need to change?
\n\n10:38 - How will digital currencies impact formulation and implementation of monetary policy?
\n\n14:05 - Can the Libras (digital currencies issued by the BigTechs like Facebook) challenge central banks’ monopoly over monetary policy?
","summary":"Daniel Heller from Fnality International joins FNA to discuss Digital Currencies and their impact and implications ","date_published":"2020-06-18T11:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/bc61efa7-42e3-447b-8772-c9ef8cb9d45f.mp3","mime_type":"audio/mpeg","size_in_bytes":16291647,"duration_in_seconds":1021}]},{"id":"f8f6bbb3-7970-4abe-8132-6208f72389e6","title":"Five Digital Currency Questions for 2020 - Part 1","url":"https://fna.fireside.fm/2-five-digital-currency-questions-for-2020-1","content_text":"Five Digital Currency Questions for 2020\n\nPart 1 - Taxonomy of Digital Currencies and the Impact on Payments and Settlements\n\nToday’s FNA Talk is dedicated to one of the most prominent FinTech themes of 2020. Together with Daniel Heller from Fnality International, we discuss Digital Currencies and their impact and implications. In the first part of the episode, we focus on the Taxonomy of Digital Currencies and their Impact on Payment and Settlement Systems and Infrastructures.\n\nIndex\n\n00:00 - Introduction\n\n01:31 - Taxonomy: How to distinguish between various types of Digital Currencies?\n\n05:55 - Central Banks' response to the non-bank providers of money\n\n08:21 - How are digital currencies changing traditional payment and settlement systems and infrastructures?\n\n11:57 - How to ensure that the benefits of Digital Currencies are not outweighed by their risks?","content_html":"Five Digital Currency Questions for 2020
\n\nPart 1 - Taxonomy of Digital Currencies and the Impact on Payments and Settlements
\n\nToday’s FNA Talk is dedicated to one of the most prominent FinTech themes of 2020. Together with Daniel Heller from Fnality International, we discuss Digital Currencies and their impact and implications. In the first part of the episode, we focus on the Taxonomy of Digital Currencies and their Impact on Payment and Settlement Systems and Infrastructures.
\n\nIndex
\n\n00:00 - Introduction
\n\n01:31 - Taxonomy: How to distinguish between various types of Digital Currencies?
\n\n05:55 - Central Banks' response to the non-bank providers of money
\n\n08:21 - How are digital currencies changing traditional payment and settlement systems and infrastructures?
\n\n11:57 - How to ensure that the benefits of Digital Currencies are not outweighed by their risks?
","summary":"With Daniel Heller from Fnality International, we discuss Digital Currencies and their impact and implications ","date_published":"2020-06-03T10:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/f8f6bbb3-7970-4abe-8132-6208f72389e6.mp3","mime_type":"audio/mpeg","size_in_bytes":14554112,"duration_in_seconds":901}]},{"id":"03e1cc01-457d-4c1c-a685-3d98571eb338","title":"Financial Cartography in RegTech & SupTech during COVID-19 & Beyond","url":"https://fna.fireside.fm/1-financial-cartograph-in-reg-tech","content_text":"In the first episode of the FNA Talk series we focus on the RegTech & SupTech applications of financial cartography; with Kimmo Soramäki and Adam Csabay discussing how this technology can be used to better understand the impact of systemic disruptions like the COVID-19 crisis, and help to build and maintain the financial as well as operational resilience of systems and players.\n\nIndex\n\n00:00 – Introduction to FNA Talk\n\n01:34 – Financial Cartography\n\n05:01 – Maps of Trade Networks\n\n10:47 – Maps of Financial Markets\n\n15:31 – Maps of Financial Market Infrastructures","content_html":"In the first episode of the FNA Talk series we focus on the RegTech & SupTech applications of financial cartography; with Kimmo Soramäki and Adam Csabay discussing how this technology can be used to better understand the impact of systemic disruptions like the COVID-19 crisis, and help to build and maintain the financial as well as operational resilience of systems and players.
\n\nIndex
\n\n00:00 – Introduction to FNA Talk
\n\n01:34 – Financial Cartography
\n\n05:01 – Maps of Trade Networks
\n\n10:47 – Maps of Financial Markets
\n\n15:31 – Maps of Financial Market Infrastructures
","summary":"In the first episode of the FNA Talk series we focus on the RegTech & SupTech applications of financial cartography;","date_published":"2020-05-05T10:00:00.000+01:00","attachments":[{"url":"https://aphid.fireside.fm/d/1437767933/6cd00773-f4ec-44b1-88d4-d0045143e495/03e1cc01-457d-4c1c-a685-3d98571eb338.mp3","mime_type":"audio/mpeg","size_in_bytes":24950934,"duration_in_seconds":1380}]}]}