Program Topics and Themes for 2020
CBPC is known for having the most timely and relevant topics on the Agenda and the program for the 2020-edition will be no different. We are eager to bring the following topics to discussion. We will be updating information (topic related synopses and speaker biographies) on this page as more details are confirmed - please be sure to check back for updates.
The oversight of retail payments
Innovations in retail payments challenge existing payment oversight frameworks developed over the past 30 years. New, sometimes unregulated, players come to the fore and new services leveraging new technologies are developed, blurring borders between payment instruments, schemes and non-regulated arrangements. Many central banks and authorities are revising their approach for payment instruments, schemes and arrangements to take a functional approach to transfer of value services. The panel will give an overview on key trends and developments.
The role of non-banks in payment systems: Is there a limit to what they can do? (panel discussion)
Banks used to have a dual role: granting credits and collecting deposits. On the one hand, they were heavily regulated; on the other hand, their franchise was protected from competition. In the last two decades, their payments role has been increasingly challenged by non-banks. Regulation has sometimes stimulated this evolution. In the future, the possible issuance of central bank digital currencies may also reduce the role of banks in payments. The panel will discuss how far this trend could go in the next decade
New developments in cyber security (presentations)
Cyber security had been identified as their main worry by delegates in CBPC 2019. In the next conference under this headline, three presentations will be delivered on:
- - Standards and good practices for financial institutions
- - Cooperation in the eco-system
- - Crisis management exercises (including intrusion tests)
New technologies which will (may) impact payments systems (presentation)
Distributed Ledger Technologies, Artificial Intelligence, Cloud Computing, Internet of Things, … New technologies will inevitably affect payment systems. The presenter will brief the audience about these new technologies and explain how they may affect payment systems
The impact of new technologies in payment systems. (panel discussion)
As a follow-up to the presentation made during the pre-conference, a panel of experts will discuss how new technologies could affect payments systems during the new decade.
The European Payment Initiative (the EPI project) (presentation)
A group of major European banks has announced their intention to launch a pan-European retail payments initiative that could compete with international card schemes and with new channels created by American or Chinese “big tech” companies. The presenter will explain how the system would work.
What role for ACHs in a world dominated by instant payments? (panel discussion)
The generalisation of instant payments has been one of the main payments developments in the 2010s. Their generalisation will continue in the next decade. Moreover, “big techs” are increasingly active and tend to propose proprietary payment solutions. The pane will evaluate how ACHs could adjust to these major evolutions.
How should central banks react to the Libra initiative? Ignore? Forbid? Provide an alternative? (panel discussion)
The Libra initiative was launched just before CBPC 2019. This project has raised a lot of objections from public authorities. However, it has also been recognized that it may also have raised concerns that central banks should address. The issuance of central bank digital currencies has sometimes been presented as a possible answer to Libra.
What is wholesale CBDC? How would it work? (presentation)
So far the debate about central bank digital currencies has concentrated on retail CBDC, as a possible replacement of notes and coins. However, several central banks have recently expressed interest for the possibility to issue “wholesale” CBDC. The presenter will explain how such scheme could work and what would be the benefits for the financial sector and society in general.
Will central banks issue CBDC? (panel discussion)
The number of central banks which have announced that they were studying the possible issuance of CBDC has increased in 2020, partly as a response to the Libra initiative and to the sharp decline of cash usage during the Covid19 crisis. The panelists will review the pros and cons of issuing CBDC, from a central bank perspective.
PLEASE NOTE: This conference is closed to general media and off-record.