The role of Central Bank and FinTech

CL3_CR6 2018-10-25T12:30:00.000Z

roomCode
CL3_CR6
Room
Conference Room 6
Date
-
Greg Johnston
Head of Payments Settlements Department
Reserve Bank of Australia
Marc Bayle de Jessé
Director General Market Infrastructure and Payments
European Central Bank
Lawrence M. Sweet
Senior Vice President and Senior Payments and Market Infrastructure Policy Advisor
Federal Reserve Bank of New York
Hiromi Yamaoka
Director-General, Payment and Settlement Systems Department
Bank of Japan

IT innovation raises various new challenges to financial authorities, including central banks. In this session, we point out the following four issues and discuss the new growth opportunities for financial services and economic activities:
(i) Impacts on Financial Markets,
(ii) Impacts on Real Economy and Prices,
(iii) Importance of Cyber Security and Data Protection, and
(iv) Impacts on Currency, Payments and Settlements.
Especially, point (iv) is now gathering great attention as "Crypto-currencies" and "central bank digital currencies". We’d like to elaborate the updated global discussions on to what extent central banks should provide their payment and settlement infrastructures to society.

Stream