FNA Broadcasts

With:

| Samuel Eddie Mogensen, Digitalization Task Force Lead, Innovation & Secretariat Financial Stability, Danmarks Nationalbank

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.

In 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.

| Manit Sahib, Director of Global Intelligence & Offensive Operations, Picnic Corporation

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.

In 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.

The session covered:

With:

| Neil Thomas, Managing Director, Goldman Sachs

It is imperative to remain ahead of the curve by embracing cutting-edge technological advancements and leveraging them to their full potential.

In 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.

During 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.

In this session, we discussed the following:

With:

| Dr Tony Richards, Chair CBDC Committee, Digital Finance CRC

| Sonja Davidovic, CBDC Lead, BIS Innovation Hub Singapore

In 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.

We 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.

Throughout 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.

In this session, we covered:

| Carmen Barandela, CBDC Solution Architect, Bank of England

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?

In 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.

The 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.

With:

| Richard Dzina (The Clearing House)

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.

The Session Covered:

With:

| Beju Shah, Head of Nordic Centre, BIS Innovation Hub

CBDC’s Offline capabilities is a crucial topic that holds significant implications for the future of digital payments and financial systems worldwide.

As 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.

However, 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.

To 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.

With:

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.

In 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.

Without 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.

The Session covered:

With:

| David Minch-Dixon, Deutsche Bank

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.

As 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.

| Arthur Yuen, Deputy Chief Executive, Hong Kong Monetary Authority

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.

For 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.

Arthur 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.

The 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.