Follow us for live highlights from today’s #CBDC discussion at #IFGS…

#IFGS2023 On the panel with our CEO @gverdian are:

- Josh Lipsky, @AtlanticCouncil; and
- @MarionLaboure of @DeutscheBank

#IFGS #IFGS2023

“The bad news is I’m a central banker and we don’t tend to speak for less than 45 mins. The good news is I’ll be about 25 mins today,” jokes Sir Jon Cunliffe of @bankofengland.

#IFGS #IFGS2023 “As the use of cash has diminished, commercial bank digital money has come to dominate transactions in the UK,” says Sir Jon Cunliffe of @bankofengland. “But we will continue to issue cash as long as there is any demand for it.”

#IFGS #IFGS2023

Starting at 14:00 London time today:

@gverdian will be appearing on @FutureofFinanc3's panel discussing how CBDCs will happen in the major global currencies.

Register here: futureoffinance.biz/is-this-how-cb…

Or follow us for live highlights.

#CBDC #CBDCs #DigitalCurrency @gverdian @FutureofFinanc3 Joining @gverdian will be:

Todd Ricardo Correia, from @inside_r3;

Barney Reynolds, Partner, Global Head Financial Institutions, at @ShearmanLaw; and

Keith Bear, Fellow at the Centre for Alternative Finance, @CambridgeJBS.

The panel will be moderated by @Dominic_Hobson.

“As the world around us and the way we pay for things becomes more digitalised, the case for a digital pound in the future continues to grow," says Andrew Bailey, governor of the @BankOfEngland.

#CBDC #CBDCs #DigitalCurrency

cityam.com/britcoin-bank-… “While cash is here to stay, a digital pound issued and backed by the @BankOfEngland could be a new way to pay that’s trusted, accessible and easy to use,” chancellor @Jeremy_Hunt said.

#CBDC #CBDCs #DigitalCurrency

cityam.com/britcoin-bank-…

Our CPO, @techmjh recently spoke to Lauren Mills at @IPEnews in an article, ‘Private markets: Is tokenisation a good idea?’

He says, “blockchain will have massive transformational impact across the whole of financial services.”


A thread🧵

1/5 Martin adds, “tokenisation reduces the need for intermediaries and time-consuming manual processes. With a correctly set-up token, you can also see the beneficial owners of the underlying assets, reducing the cost of compliance and anti-money laundering procedures.”

2/5

Next up here at #Sibos: Servicing #DigitalAssets - Who will win the battle?

#Sibos2022 We'll hear from Caroline Butler of @BNYMellon, Nadine Chakar of @StateStreet, Justin Chapman of @NorthernTrust, Stephen Prosperi of @The_DTCC, and Samuel Riley of @Clearstream.

#Sibos #Sibos2022

Welcome to day 4 of #Sibos and the session: No, an NFT is not a security. Or is it?

with William Herkelrath of Chainlink Labs. "One obvious use case for NFTs is #AssetManagement," says Herkelrath. "It's considerably faster and easier to tokenise a fund."

#Sibos

Live on the #Sibos stage: @JanineJoyHirt introducing Alistair Currie, Global Head of Consumer Banking & Payments, @Barclays. "Innovation is no longer a department," says Currie. "It's part of our fabric. But we've figured out we can't do it all ourselves. We've grown more accustomed to working with partners and running an open architecture model [to innovate]."

#Sibos

Welcome to Day 3 of #Sibos.

This morning, we're bringing you highlights from @joymacknight's Inside Leadership interview with @BankofAmerica's Vice Chair, Cathy Bessant.

Starting shortly: today's #Sibos Big Issue Debate - Can digital value solve real world problems?

Emilie Rieupeyroux from @euronext, Shahmir Khaliq from @Citi, Sophie Gilder from @CommBank, and Umar Farooq from @jpmorgan will be @StreetsConsult's panel.

A 🧵... "No one in this room is ready to transact when there is no one to contact if things go wrong," says Rieupeyroux. "What you want, at the very least, is someone you can sue if things go wrong."

#Sibos

Highlights from 'Is T+1 the goal or a step to instant securities settlement?'...a 🧵

#Sibos "Reducing the settlement cycle is all about reducing counterparty risk," says Romhanyi. "Getting to T+1 will reduce a CCP's margin by 41%."

#Sibos

Highlights from the #Sibos Opening Plenary...a 🧵 "Millions of small merchants are now taking payments from phones in their pockets," says HM Queen Maxima. "But we should not seek innovation for innovation's sake. The first priority is 'do no harm', ensure cybersecurity and data governance are in place."

#Sibos

Really interesting piece in today's @FT by @chrisflood_FTfm about how the @InvAssoc believes that using blockchain and digital ledgers would cut administration costs for asset managers. We agree.

Subscription required: ft.com/content/b29b8e…

Some highlights... 🧵 "Britain’s asset management industry is pushing the government to establish a new class of fund employing blockchain technology. The @InvAssoc, will call for the government to work 'at pace' to approve #blockchain-traded funds that will issue digital tokens to investors."