Getting Ready for the Digital Euro and other Central Bank Issued Digital Currencies

In June the European Commission has unveiled a legal framework that paves the way for the introduction of an electronic currency across the 20 member states that use the euro. The European Central Bank is now tasked with securing the nuts and bolts of the digital euro, which it says could complement cash and be launched as soon as 2027.

Our panel will discuss the proposed framework for digital currencies, and will elaborate on the preparations needed by the global/regional/national regulators, policy makers as well as financial market participants. They will also touch upon the implications of the electronic currency for the financial and corporate sector.

AGENDA items will include:
• Definitions, introduction to Central Bank Digital Currencies (CBDCs)
• What’s driving this move?
• How will it work? – the regulatory framework & on the ground in the financial system
• Regulatory framework that needs to be in place for market makers and participants (both in the EU, US and globally)
• Preparations are needed by the financial institutions in the short/medium/long term
• What can be the implications? (economic, financial stability, cybersecurity, privacy)
• International collaboration: the role of central banks and other relevant institutions for global economic governance
• What are the opportunities of CBDC, dreaming big and small?

SPEAKERS:
• Burkhard Balz, Member of the Executive Board, DEUTSCHE BUNDESBANK
• Jan Ceyssens, Head of the Digital Finance Unit, EUROPEAN COMMISSION – DG FISMA
• Robert Donovan, Managing Director, PwC US
• Peter Coy, Opinion Writer, THE NEW YORK TIMES [Moderator]
Additional speaker(s) to be announced soon.