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Where Finance Finds Its Future

By: Future of Finance
  • Summary

  • The New Face of Finance, Where Finance Finds Its Future. Future of Finance has one overriding goal. It is to host meetings (at the moment virtual meetings) that bring together long established members of the financial services industry (banks, brokers, asset managers, insurers, financial market infrastructures) with entrepreneurs (challenger banks, technology companies and FinTechs) and market authorities (central banks, regulators and policymakers) to explore how the financial services industry can grow faster by being more open, more innovative and more trustworthy. If you would like to get in touch about featuring on a podcast, please email wendy.gallagher@futureoffinance.biz

    Hosted on Acast. See acast.com/privacy for more information.

    © 2021 Where Finance Finds Its Future
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  • The Future of Money is Now Visible: What Does It Mean for You?
    Dec 1 2023

    Once true digital money is available on blockchain networks, the token revolution will begin. What that money will be is coming into focus. The idea that cryptocurrencies and Stablecoins will one day replace fiat currencies seems less realistic today than at any time since blockchain technology was first applied to traditional financial markets. In fact, the most plausible future of money is now one in which an inverted pyramid of tokenised deposits sits on top of a fulcrum made of central bank digital currencies (CBDCs). It looks awfully like a past and present in which commercial bank money (including e-money) sits on a fulcrum of central bank money. Which suggests that national and international monetary establishments have reasserted their control of money, defeating the ambitions of the libertarians and the innovators that spawned myriad cryptocurrencies. The truth is more complex. The innovative ideas and technologies of the cryptocurrency pioneers are now being embedded in a monetary system that is evolving towards faster, cheaper, more transparent and more open forms of money and payment but which has yet to find its equilibrium. Instead of re-visiting details, such as CBDC design choices or the regulation of Stablecoins, this webinar discussion will stick to a higher-level question: What is the likeliest future of money now?

    What topics will be discussed?

    Is regulation intended to restore public confidence in cryptocurrencies or destroy it?

    Are CBDCs in major currencies ready to move beyond the experimental stage?

    Are CBDCs a workable solution to inefficiency in cross-border payments?

    Are CBDCs relevant to making domestic payments faster?

    Are Stablecoins now a relic of the cryptocurrency past?

    Are tokenised deposits a glimpse at the future of commercial bank money?

    Is atomic settlement a flawed concept?

    Why is netting making a comeback?

    Where do Fnality, Partior and the ideas of The Regulated Liability Network (RLN) fit into the future of money?

    Has T+1 accelerated or postponed the payments revolution?

    Is tokenised, programmable money a reality already?

    Could all forms of digital money and digital assets be issued, traded, stored and serviced on a common, programmable platform?

    Who is on the panel?

    Matthew Osborne

    Senior Manager for Payments Policy at Bank of England https://www.linkedin.com/in/matthew-osborne-49552716/

    Jack Fletcher

    Head of Policy and Government Relations (Digital Currencies) at R3 https://www.linkedin.com/in/jack-fletcher-465060101/

    Mathias Studach

    Head Finance, Risk and Organisational Development at SDX https://www.linkedin.com/in/mathias-studach-77a427a0/

    Moderated by Dominic Hobson

    Co-Founder at Future of Finance


    Hosted on Acast. See acast.com/privacy for more information.

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    1 hr and 1 min
  • The exchange with an insatiable appetite to disrupt
    Nov 20 2023
    Competition in equities trading in developed markets is now so well-established that it seems to have existed forever. In reality it is as much a creation of regulators as of the digital technology that has enabled stock markets to dispense with physical floors and reach across national borders. True, NASDAQ can trace its history back to 1971, but competition was massively accelerated in the United States by Regulation National Market System (or Reg NMS) of 2005. A similar measure in Europe, the first iteration of the Markets in Financial Instruments Directive (MiFID) in 2007, began the process of breaking the domestic stock exchange monopolies of the member-states of the European Union (EU). But now the future lie clearly with the digitisation of data and the digitalisation of processes. Someone who has been at the heart of disruption and innovation in the stock exchange industry throughout the years of upheaval is Alasdair Haynes, the founder and CEO of Aquis Exchange, which he set up in 2012 after spells as CEO at both Chi-X Europe (now part of Cboe) and ITG International (now Virtu), to prove his belief that subscription revenue and the Cloud are as relevant to stock exchanges as large corporations. He spoke to Dominic Hobson, co-founder of Future of Finance.

    Hosted on Acast. See acast.com/privacy for more information.

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    54 mins
  • Can the carbon credit markets institutionalise and tokenise at the same time?
    Nov 6 2023

    The voluntary carbon credit market has emerged rapidly as a market-friendly way of combating climate change. It has attracted blockchain-based entrepreneurs that see carbon credits as ripe for tokenisation, in large part because a novel idea developed by people outside the traditional financial services industry has yet to develop an infrastructure capable of hosting issuers, investors and traders safely. Greenwashing, double-counting, lack of transparent prices, an absence of trustworthy intermediaries and even outright fraud are prevalent. Existing efforts to overcome the lack of information and integrity in carbon offset projects have not met with success but both policymakers and institutional quality infrastructure providers are now getting involved, and hopes are rising that the carbon credit market will grow rapidly. But there are formidable obstacles to overcome.

    What topics will be discussed?

    1. Carbon taxes are a mess (e.g., fossil fuels are subsidised as well as taxed, and at differential rates). Is that good or bad for the carbon credit market?
    2. What is preventing the carbon credit market from growing?
    3. Registries do not seem to have solved the integrity problem in carbon credit markets. What can (e.g., the ICVCM Core Carbon Principles (CCPs))?
    4. Which bodies – securities or futures or commodities regulators – should regulate the carbon credit markets?
    5. The Taskforce on Scaling Voluntary Carbon Markets (TSVCM) advocated “core” carbon spot and futures contracts as “reference contracts” for other carbon credits. Has that idea progressed?
    6. Can and should carbon credit contracts be standardised?
    7. Can existing securities and commodities market infrastructures play a role – or is a completely new infrastructure required?
    8. How might carbon credit markets can be linked to ETS markets, potentially enhancing liquidity?
    9. Is tokenisation an appropriate technology for the carbon credit market?
    10. Does it make more sense to issue carbon credits natively on to a blockchain or to tokenise existing carbon credits?
    11. Is the lack of digital money a problem in the tokenised carbon credit markets as it is in the other token markets (and, if so, are Stablecoins an answer?)
    12. What might the carbon credits market of the near future actually look like?
    13. How durable are carbon credits as an asset class? To what extent are asset managers and asset owners deluding themselves that sustainable investing can also deliver high returns (echoing politicians that dress up costs as benefits)?

    Who is on the panel?

    James C. Row, Founder and Managing Partner at Entoro Capital, LLC, a middle-market, traditional and alternative investment bank based in Houston, Texas, and CEO of Capturiant. 

    Deanna Reitman, Partner Head of Carbon and Commodities at DLA Piper

    Sean Mullins, Senior Vice President – Digital Assets and Financial Markets at Northern Trust 

    Gbemi Oluleye, Assistant Professor (Lecturer), at Imperial College London

    Moderated by Dominic Hobson, Co-Founder at Future of Finance

    Hosted on Acast. See acast.com/privacy for more information.

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    1 hr and 6 mins

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