This course will provide participants with an overview of new digital finance initiatives undertaken by global regulatory bodies. It will also explore possible channels to enhance transnational cooperation and address existing regulatory gaps from the interplay between digitalization, new players and risks.
Outline the recent initiatives for promoting regulatory frameworks for crypto-asset activities with a focus on the FSB’s recent high-level recommendations.
Identify the ongoing collaborations at global level to develop common standards for ensuring financial cyber resilience.
Discuss the different options for regulation and supervising ‘BigTech’ companies, describing the two not mutually exclusive regulatory approaches: segregation and inclusion.
Argue how digital technologies can foster the sustainability goals in financial markets, serving as tools to address risk identification and to promote financial inclusion.
Examine the benefits of instant payments, outlining how they can improve cost efficiency and operating effectiveness, while at the same time reducing payment system risk and costs.
Summarise the recent discussions, at a global level on ensuring an effective regulatory framework for central banking digital currencies (CBDCs) and global stable coins (GSCs).
Summarise the interconnection between digital finance and consumer protection, highlighting the need to achieve a coordinated approach to regulation on new financial activities.
Global regulation and supervision of crypto assets
A Global Cybersecurity Framework
Big tech and policy challenges
Digital transition and ESG
Instant Payments: Regulatory Innovation and Payment Substitution
CBDC and GSC: Applications and Challenges for Cross Border Payments