We are pleased to have hosted our IIF Annual Digital Currency Roundtable, alongside the World Bank/IMF Spring Meetings in Washington, DC.
This year’s meeting reflected discussions held at the IIF Board Meeting on Central Bank Digital Currencies (CBDCs) and the consequential decisions facing central bank governors, policymakers, and financial services CEOs in 2023. This discussion brought together approximately 40 senior leaders from central banks and the financial services industry to address policy objectives driving CBDC initiatives, ways to ensure instruments are fit for purpose, and likely implications for the financial services industry. The discussion also addressed differing implications for the banking system from wholesale and retail CBDCs; challenges to workable economic and risk models for financial institutions; how CBDC intermediation compares with today’s fractional reserve lending model; and strategic objectives identified within jurisdictions.
Please note that this meeting was held under Chatham House Rule and closed to the press. For additional information, please contact Anne Louis-Jacques at [email protected].