IIF Authors

Status: Will be live at 03/03/2023 09:00

Briefing Note - IIF-Elevandi Insights Forum

The Institute of International Finance (IIF) and Elevandi convened two Insights Forum Roundtables with senior leaders from the financial services industry and the public sector during the Singapore Fintech Festival. They were designed to explore critical issues we see in the development of Central Bank Digital Currencies (CBDC) and private digital assets. The roundtables were held under the Chatham House Rule and this note shares the issues and themes laid out for the session as well as key takeaways from the dialogue without attribution.

The Business Model for CBDC Wallets - Central Bank Digital Currency (CBDC) plans could put banks in a fundamentally different business than deposit-taking as they become wallet custody service providers. In this dialogue, IIF and Elevandi gathered senior leaders from the financial services industry and the public sector for off-the-record discussion to explore a workable economic and risk model for future CBDCs.

Connecting Innovation Lanes into a Global Path for Digital Assets - The design and development of CBDCs, stablecoins, and tokenized assets are moving forward in their separate spheres. To create a clearer picture of how different ecosystem actors are aligned (or not) and how we can build toward interoperability, the IIF and Elevandi convened a diverse array of digital asset firms and financial institutions, as well as public sector leaders responsible for innovation to share their views. The dialogue explored how these new forms of money might fit together in a future global financial system.