Panel Discussion on the Future of Cross-Border Payments, including CBDC

Panel Discussion on the Future of Cross-Border Payments,
including CBDC
In 2020, the G20 made cross-border payments an area of global focus and it is now rethinking the priorities for
future work.
At the heart of the global policy agenda for cross-border payments is to link up payments
infrastructure internationally, improve transaction settlement speed and to reduce foreign exchange charges.
The Committee on Payments and Market Infrastructure at the Bank for International Settlements, along with
the Financial Stability Board and partnering bodies, has laid out 19 building blocks for this project. The priority
themes in the next phase include: payments system interoperability and extension; legal, regulatory and
supervisory frameworks; and cross-border data exchange and messaging standards.
How can the adoption of technologies deliver on the G20 Roadmap?
What are the remaining regulatory barriers
for the adoption of new technological solutions?
What policy action could regulators and supervisors take to in
particular advance interoperability of existing payment systems?
How is the evolution of international
cooperation and information exchange impacted by regional data privacy rules?
Could a wholesale CBDC
transform cross-border payments? How do the current plans for a digital euro fit into these discussions and
what might be the prospects for the adoption of new use cases, such as programmability of the digital euro?
Panellists:
Nicholas K. Tabor, Deputy Assistant Secretary for International Financial Markets, US Department of
Treasury
Diana Carrasco, Head of Digital Pound, Bank of England
Kevin C. Mole, Global Head of Digital Assets, Western Union
Hartwig Gerhartinger, Global Head of Regulatory and Government Affairs, Paysafe
Elie Beyrouthy, Chair, European Payment Institutions Federation (EPIF)
Moderator:
Andreia Jones Rodrigues, Head of the Payments and FinTech Practice, Afore Consulting
Afore Consulting, 8th Annual FinTech and Regulation Conference, Tuesday 30 January 2024