Panel 2: The Future of Monetary System

Financial innovation in the past decade has dramatically reshaped monetary systems across the globe, but also brought challenges to policymakers. In this rapidly changing landscape, central banks play a critical role in promoting innovation while safeguarding financial stability.
In this light, more concerted efforts to bring about a more resilient monetary system will be imperative. What are central bank governors’ insights on the merits and downsides of these technological advancements, the challenges involved in their development, associated risks and central banks’ role in managing them, as well as key considerations involved for crafting an appropriate regulatory framework?
Moderator
• Eddie Yue, Chief Executive, Hong Kong Monetary Authority
Panellists (in alphabetical order of surnames)
• Ravi Menon, Managing Director, Monetary Authority of Singapore
• M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India
• Erik Thedéen, Governor, Sveriges Riksbank