The pandemic further accelerated the evolution of financial services to benefit from increased access to data and better technology, such as machine learning, to use this enhanced data. What has this meant for the industry and its regulation and what will it mean going forward?
Our conference will focus on this from three angles: overall structural drivers of change; the advent of digital currencies; and the transformation of payment services.
Policymakers will need to make important decisions in each of these areas, including how best to modernize payments processes; how to regulate stablecoins and other cryptoassets; whether to launch central bank digital currencies and how to structure them if they do; how to balance regulations based on activities versus entities when non-banks are picking up market share; how to protect privacy rights while capturing economic gains from data usage; and how to bolster cybersecurity.
Jointly presented with the Centre of International Governance Innovation (CIGI).