FNA Broadcasts

Payment Systems Broadcast #11 - CBDCs – the Potential to Transform Liquidity Management?

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With:

| Richard Dzina (The Clearing House)

| 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.

The Session Covered:

  • The simulation testing and scenario modelling FMIs should conduct to prepare for CBDC integration and rollout
  • The CBDC design choices that impact integration with existing FMIs and infrastructures
  • The role RLN models play in designing resilience, such as redundancy and distributed architectures
  • Whether the integration of CBDC systems requires changes to treasury and liquidity risk management processes at FMIs
  • New liquidity monitoring tools that may benefit the CBDC world
  • How settlement finality risks could be managed if CBDC transactions are settled in real-time
  • What embedded programmability in CBDC systems could mean for collateral management and interest payment
  • How cross-border interoperability for CBDC systems could be achieved and the future role of FMIs as integrators.
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