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Are you ready for Central Bank Digital Currencies – Like the e-CNY?
May 5, 2021, 11:00 AM - 12:00 PM
About this meeting
The pandemic has accelerated the world’s move away from cash. With the shift towards both card payments and mobile payments, central banks across the world are having to think more intently about the future of payments.
It’s not just about the decline of cash. Central banks report many reasons for exploring a CBDC – from improving the safety or robustness of the payments system, to improving payments efficiency, to viewing it as a monetary policy tool to spurring financial inclusion.
A more advanced pilot is taking place in China. The Peoples Bank of China has been developing its e-CNY, with more than 10,000 merchants participating in domestic trials in 2020, and wider trials taking place through 2021.
The PBoC’s pilot is likely to make further progress in the course of 2021 and is likely to be an important guide as how CBDCs will be developed and used in the years ahead. Join Paul Mackel, global head of FX research at HSBC, and fellow NeuGroup members in this virtual interactive session to learn more.
About the Fintech Solution Series
Foreign Exchange Mangers’ Peer Group (FXMPG) is an invitation-only groups for senior treasury professionals from across industries who have responsibility for FX risk management. The group follows NeuGroup’s time-tested approach for membership peer groups, including facilitated agenda development, benchmarking surveys, and professional networking. It was founded in 2002 with the assistance of a Fortune 500 FX manager looking for a better benchmarking experience.
Virtual interactive sessions (VIS) are meant for any interested participants accross the NeuGroup network and approved non-NeuGroup members. They are usually one-off sessions on topics that interests the broader NeuGroup network, and can develop into working groups to continue the conversation further. NeuGroup has conducted dozens of these sessions since their origination in response to Covid-19 in 2020.