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 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 I 1:00pm-2:30pm AEST / 11:00am-12:30pm SGT I Watch Online
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Welcome and Introduction |
Professor Deborah Healey (Moderator) |
Co-Director, CIBEL Centre, UNSW Law & Justice |
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Systemic Challenges and Systemic Risks Associated with CBDCs and Stablecoins in the Asia Pacific |
Scientia Professor Ross Buckley |
Member, CIBEL Centre, UNSW Law & Justice |
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Challenges for CBDCs, Stablecoins and Digital Payments: Singapore and Beyond |
Ms Nydia Remolina León & Assistant Professor Kwan Ho Lau |
SMU School of Law |
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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 I Watch Online
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Welcome and Introduction |
Associate Professor Man Yip (Moderator) |
Director, Centre for Commercial Law in Asia, SMU School of Law |
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New Digital Currency and the Future of World Economy |
Professor Heng Wang |
Co-Director, CIBEL Centre, UNSW Law & Justice |
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The RCEP and New Asian Regionalism |
Associate Professor Pasha Hsieh |
SMU School of Law |
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Banking on the Future – Digital Bank or Technology Company with a Banking Licence? |
Mr Joey Pang |
Senior Vice President (Legal & Compliance), DBS Bank |
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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 |