The CBDC Revolution: Global Implications of Central Bank Digital Currencies

The CBDC Revolution: Global Implications of Central Bank Digital Currencies

What are the latest developments in Central Bank Digital Currencies and how will they impact on our economies both nationally and globally?

By Digital Pound Foundation

Date and time

Monday, April 24, 2023 · 8am - 6pm GMT+1

Location

Clifford Chance

10 Upper Bank Street London E14 5JJ United Kingdom

Agenda

8:15 AM - 9:00 AM

Registration & Refreshments

9:00 AM - 9:45 AM

Welcome Message by the Organisers & Sponsors


Opening address from: Professor Michael Mainelli, Senior Alderman Below The Chair, City of London Corporation & Chairman, Z/Yen Group.

9:45 AM - 11:00 AM

Session 1: An Overview of the International Situation

Chair: Jannah Patchay, Digital Pound Foundation


Panel discussion with Francesca Hopwood Road (Head of BIS Innovation Hub, London), Nick Kerigan (Managing Director, Head of Innovation, SWIFT), and Professor Dirk Niepelt (University of Bern and CEPR...

11:00 AM - 11:30 AM

Morning Coffee Break

11:30 AM - 12:45 PM

Session 2: The Domestic Implications of CBDCs

Chair: Alla Gancz, UK Payments Consulting Leader, EY


Panel discussion with Nicholas Butt (Head of Future of Money Division, Bank of England), Rhiannon Butterfield (Principal Policy Adviser, UK Finance), Marjan Delatinne (SETL), and Catherine Gu (Direct...

12:45 PM - 1:45 PM

Lunch & Networking

1:45 PM - 3:00 PM

Session 3: Restructuring of Financial Transfers and their Regulation

Chair: Stephen Adams, Senior Director, Global Counsel


Panel discussion with Ousmène Jacques Mandeng (Senior Advisor Blockchain, Accenture), Dr Michael Lloyd, Associate Director, Global Policy Institute, and Diego Ballon Ossio (Senior Associate, Clifford...

3:00 PM - 3:30 PM

Afternoon Coffee Break

3:30 PM - 4:45 PM

Session 4: The Future of Private and Public Currencies in a Global Context

Chair: Dr Michael Lloyd, Global Policy Institute


Panel discussion with Tao Sun (Senior Economist, Monetary and Capital Markets Department, IMF), Susan Friedman (Head of Global Policy, Ripple), Dr Zhouchen Mao (Head of Research, Asia House), and Pro...

4:45 PM - 5:00 PM

Close of Conference

5:00 PM - 6:00 PM

Drinks Reception

About this event

Central Bank Digital Currencies (CBDCs) represent a revolution in the international financial system and of money itself. While most money today is already digital, CBDCs herald a major change to the management of digital public money, and its provision to non-financial enterprises and to the public.

Policymakers as well as financial, legal, and technology stakeholders are already busy debating important questions pertaining to the future functioning of CBDCs, the relationship between public and private money, as well as the technological opportunities and global legal challenges involved.

However, the introduction of CBDCs has even more far-reaching global implications. These follow from the increasingly dysfunctional structure of the current global political economy. The US dollar- denominated international monetary system no longer provides the necessary structural global financial stability and is facing mounting challenges. These crucially include large sections of the non-Western world building their own alternative systemic structures, which risks the rise of a fragmented and even less stable global monetary order.

What constitutive response CBDCs will be able to offer to these global challenges, including the implications for the international financial system, will be the theme of this conference, organised by the Global Policy Institute and the Digital Pound Foundation, and kindly hosted by Clifford Chance.

Thank you!

This event would not be possible without the help and support of our event sponsors:

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