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CIBEL-CCLA Banking Law Webinar

Start date
End date
Location
Online via MS Teams Live

Digital Bank and Digital Currencies: A New World of Banking & Money?

Central bank digital currency (CBDC) and stablecoins, particularly Libra/Diem as a global stablecoin, are game changers to international business. Digital currency affects digital identity and data and will significantly affect the business eco-system. This important and current topic area sees economies conducting a series of trials or exploring the possibility of CBDC (such as China and the EU). Central banks are working with international organizations (like BIS) to share their experience regarding CBDC. CBDC and global stablecoin will profoundly affect commercial banks, private payment system, technology firms, as well as businesses and other stakeholders involved in payments and that need to use currency.  

These developments raise questions which include: What are the different approaches to CBDC? What is the future trend of international business in the view of CBDC? What are the implications of CBDC for regulators, businesses and other stakeholders in Australia, Singapore and the region? How should jurisdictions address the challenges and reap the benefits? Will CBDC lead to innovation in the business?  

About the webinar

Co-sponsored by the Centre for Commercial Law in Asia (CCLA), Singapore Management University (SMU) and UNSW Law & Justice’s Herbert Smith Freehills China International Business and Economic Law Centre (CIBEL), this banking law-related virtual forum involves academics from both law schools, regulators, practitioners and industry partners. The event will focus on regulatory issues surrounding central bank digital currency (CBDC) and stablecoins. 

Speakers and chairs will come from the regulatory, business and academic community and will include Ms Eunice Chua (Financial Industry Disputes Resolution Centre, Singapore), Mr Joey Pang (DBS Bank), Mr Claudio Lisco (ConsenSys Australia), Mr James Myint (Herbert Smith Freehills, Sydney), Ms Susannah Wilkinson (Herbert Smith Freehills, Brisbane), and Professors Ross Buckley (UNSW), Heng Wang (UNSW) and Deborah Healey (UNSW), Pasha Hsieh (SMU), Kwan Ho Lau (SMU), Man Yip (SMU) and Ms Nydia Remolina León (SMU).  

Program

Full agenda

Panel 1: Challenges for CBDCs, Stablecoins and Digital Payments in the Asia-Pacific 1:00pm-2:30pm AEST / 11:00am-12:30pm SGT

Welcome and Introduction

Professor Deborah Healey (Moderator)

Co-Director, Herbert Smith Freehills CIBEL Centre, UNSW Law & Justice

Systemic Challenges and Systemic Risks Associated with CBDCs and Stablecoins in the Asia Pacific

Scientia Professor Ross Buckley

Member, Herbert Smith Freehills CIBEL Centre, UNSW Law & Justice

Challenges for CBDCs, Stablecoins and Digital Payments: Singapore and Beyond

Ms Nydia Remolina León & Assistant Professor Kwan Ho Lau

SMU School of Law

Digital Currencies, Digital Payments and the Analog Consumer: Is there Hope for Effective Dispute Resolution?

Ms Eunice Chua

CEO, Financial Industry Disputes Resolution Centre, Singapore
CBDCs and digital payment ecosystems Mr James Myint Digital Law Lead – Australia Banking & Finance, Herbert Smith Freehills
Q&A    

 

Panel 2: Post-COVID world economy: New digital currency, a new trade agreement, and beyond I 3:00pm-4:30pm AEST / 1:00pm-2:30pm SGT

Welcome and Introduction

Associate Professor Man Yip (Moderator)

Director, Centre for Commercial Law in Asia, SMU School of Law

New digital currency and the future of world economy

Professor Heng Wang

Co-Director, Herbert Smith Freehills CIBEL Centre, UNSW Law & Justice

The RCEP and New Asian Regionalism

Associate Professor Pasha Hsieh

SMU School of Law

Banking on the Future – Digital Bank or Technology Company with a Banking Licence?

Mr Joey Pang

Senior Vice President (Legal & Compliance), DBS Bank

CBDC and stablecoins - An opportunity to accelerate digital trade and commerce in Asia Pacific

Mr Claudio Lisco Managing Director, ConsenSys Australia
Legal frontier: contracts & infrastructure in the digital age Ms Susannah Wilkinson Digital Law Lead - APAC, Herbert Smith Freehills
Q&A    

 

CIBEL and CCLA