Attend the first session of the CBDC: International and Domestic Challenges online conference on International Payment Problems and CBDC. 

What are the problems in international payments and why, covering the role of a narrow set of international currencies, correspondent banks, lack of competition, risks? How does CBDC solve those problems reflecting on CBDC properties, central bank access policy, settlement arrangements?

This session will start with opening remarks by the conference organisers.

Meet our speakers and chair

Daniel Heller is the head of Regulatory Affairs at Fnality International. Previously, he held various senior positions at the Swiss National Bank (SNB), the Bank for International Settlements (BIS)  and the International Monetary Fund (IMF).  As a visiting fellow at the Peterson Institute for International Economics (PIIE) in Washington he published widely on the impact of blockchain based financial innovation and how it should be regulated.

Keyu Jin (@KeyuJin) is an associate professor of Economics at the London School of Economics and Political Science. She is from Beijing, China, and holds a B.A., M.A. and Phd from Harvard University. Her research focuses on international macroeconomics and the Chinese economy.

Tim Masela is Head of the National Payment System Department (NPSD) of the South African Reserve Bank. He joined the South African Reserve Bank in July 1994 and he represents the Bank on both the Bank for International Settlements (BIS) Committee on Payment and Market Infrastructure and the Continuous Linked Settlement Oversight Committee chaired by the Federal Reserve Bank of New York.

David Mills is Deputy Associate Director at the Board of Governors of the Federal Reserve System. His responsibilities include the Board’s payments research and retail payments, and he coleads an internal effort within the Federal Reserve System that is looking at digital innovations in the area of payments, clearing, and settlement.

Jürgen Schaaf (@schaaf_jurgen) has been Advisor to the Senior Management of Market Infrastructure and Payments at the European Central Bank since November 2019. He is currently focusing on central bank digital currencies and retail payments strategies. Before that, he was Counsellor to the Executive Board of the ECB (Dec 2012 - October 2019) and Secretary of the Single Supervisory Mechanism (SSM) Project Team Dec 2012 – Dec 2013).

Ousmène Jacques Mandeng is a Senior Advisor and Lead of Economic and Financial Strategy with Accenture’s Blockchain and Multiparty Systems and a Visiting Fellow at LSE. He co-leads Accenture’s campaign globally for the dissemination of central bank digital currencies (CBDC) and thought leadership on the wider implication of the digital transformation in payments. He worked more than 20 years in the financial sector and international organisations on international investment and economic policy analyses.

Opening remarks

Ousmène Jacques Mandeng is a Senior Advisor and Lead of Economic and Financial Strategy with Accenture’s Blockchain and Multiparty Systems and a Visiting Fellow at LSE. He co-leads Accenture’s campaign globally for the dissemination of central bank digital currencies (CBDC) and thought leadership on the wider implication of the digital transformation in payments. He worked more than 20 years in the financial sector and international organisations on international investment and economic policy analyses.

Andrés Velasco (@AndresVelasco) is the Dean of the LSE School of Public Policy. He was the Minister of Finance in Chile between 2006 and 2010 and has held professorial roles at the Harvard Kennedy School and Columbia University´s School of International and Public Affairs. He is the author of nearly one hundred academic articles, several academic books and two novels. He has served as a consultant to the International Monetary Fund, the World Bank, the Inter-American Development Bank, and to governments, central banks and private businesses around the world.

Ricardo Reis (@R2Rsquared) is the Arthur Williams Phillips Professor of Economics in the Department of Economics at LSE.  Recent honors include the 2016 Bernacer prize for best European economist under the age of 40 working in macroeconomics and finance, and the 2017 Banque de France / Toulouse School of Economics junior prize in monetary economics, finance, and bank supervision for a researcher of any nationality based in Europe.

More about this event

This event is part of the Central Bank Digital Currencies: International and Domestic Challenges online conference which will address current cutting edge questions related to the development and deployment of CBDC bringing together scholars, central banks, banks, and fintech companies to facilitate an inter-active and inter-disciplinary dialogue on the relationship between CBDC and new roles for central bank money.

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 506,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.

The Centre For Macroeconomics (@CFMUK) brings together world-class experts to carry out pioneering research on the global economic crisis and to help design policies that alleviate it.

The School of Public Policy (@LSEPublicPolicy) equips you with the skills and ideas to transform people and societies. It is an international community where ideas and practice meet. Their approach creates professionals with the ability to analyse, understand and resolve the challenges of contemporary governance.

Twitter hashtag for this event #LSECBDC