Payments and FMIs (Part 1): Capacity building
About the course
Participants on this course will delve into the evolving landscape of payment systems and financial market infrastructures (FMIs). The training will address the implications of operational, cyber, and geopolitical risks on payment frameworks and highlight best practices for enhancing resilience. Key topics include the evolution of Real-Time Gross Settlement (RTGS) systems, the potential role of Central Bank Digital Currencies (CBDCs), and the regulatory challenges associated with stablecoins. This engaging course will equip participants with the essential tools and knowledge to understand the complexities of modern payment systems.
Agenda
Welcome and context-setting
- Speaker introductions
- Course overview
Introduction to new-age payment systems
- Basic evolution of payment principles
- Current payments landscape:
- RTGS
- Fast/Instant payments
- Cross-border payments
- DLT and CBDCs
- The future of payment systems
The evolution of RTGS: The Eurosystem as paradigm
- History and current features, including instant settlement
- Safeguarding against outages and attacks
- Collaborative approaches to cross-border transactions
CBDCs: Central bank money in the digital age
- Motivations for central banks entering the digital payment space
- Implications and risks of CBDCs and measures to address them
- Wholesale CBDCs reconsidered given the surge of DLT
- Regulatory and governance aspects of CBDCs
Stablecoins: Balancing trust with innovation
- Background: Market overview, quick comparison with other forms of means of payment
- International guidance and standards: IMF, FSB, CPMI, IOSCO, UNIDROIT
- Comparative overview of current stablecoin legal regimes
- Focus on classification, eligible issuers, global stablecoins, reserves, segregation, remuneration, redemption, foreign issuers, insolvency
Closing remarks
- Course summary
- Closing remarks
Learning objectives
Understand the current payment system landscape
Explore ongoing developments to RTGS systems across the globe
Evaluate the role of CBDCs for central banks
Assess regulatory challenges associated with stablecoins
Examine future trends towards interoperable payment systems
Who should attend
- Directors of payments and market infrastructures
- Heads of payments systems oversight
- Heads of market infrastructure development/management
- Heads of retail payment instruments
- Heads of clearing and settlement
- Payment systems officers
- Chief strategy officers
- Directors of monetary policy
- Policy analysts
- Heads of innovation/fintech/digital currency
- Heads of technology risk supervision
- Clearing houses and local regulators
Registration
Coming soon
Enquire about:
- Agenda and registration process
- Group booking rates
- Customisation of this programme
Season tickets options
Accreditation
This course is CPD (Continued Professional Development) accredited. One credit is awarded for every hour of learning at the event.
