Central Bank Digital Currency (CBDC) and Financial System Regulation

About Course

Course Overview
This training program provides a comprehensive exploration of Central Bank Digital Currencies (CBDCs) and their implications for financial system regulation. Participants will gain insights into the design, implementation, and regulatory considerations surrounding CBDCs, focusing on their impact on monetary policy, financial stability, payment systems, and economic inclusion. The course also delves into how CBDCs fit into the broader financial system regulatory framework and their potential to
transform traditional financial structures

Upon completing this training, participants will:
1. Understand CBDC Concepts: Grasp the fundamental principles, types, and technologies underpinning CBDCs.
2. Evaluate CBDC Design Choices: Analyze trade-offs between design options such as wholesale vs. retail, centralized vs. decentralized, and token-based vs. account-based models.
3. Assess Policy Implications: Examine the effects of CBDCs on monetary policy, financial stability, and systemic risk.
4. Address Regulatory Challenges: Develop strategies to integrate CBDCs into existing regulatory frameworks while addressing risks such as cybersecurity and privacy.
5. Analyze Payment Systems Impact: Understand how CBDCs interact with traditional payment systems and foster financial inclusion.
6. Navigate Cross-Border Issues: Explore the role of CBDCs in cross-border payments, currency sovereignty, and international monetary cooperation.
7. Design Risk Mitigation Strategies: Address potential risks, including fraud, financial crime, and operational failures.

Course Content

Introduction to CBDCs
Overview of CBDC concepts, motivations, and global trends. o Comparison with cryptocurrencies, stablecoins, and traditional fiat. o Role of CBDCs in modernizing financial systems.

CBDC Design Frameworks
o Retail vs. wholesale CBDCs: use cases and implications. o Account-based vs. token-based designs. o Technology options: blockchain, distributed ledger, and centralized systems.

Monetary Policy and CBDCs
o How CBDCs impact monetary policy transmission. o Implications for interest rates, inflation targeting, and liquidity management. o Policy trade-offs in CBDC adoption.

Regulatory Frameworks for CBDCs
o Adapting existing regulations for CBDC oversight. o AML/CFT compliance and privacy considerations. o Legal frameworks for issuance and usage

Payment Systems and CBDCs
o CBDCs as a complement or replacement for existing payment systems. o Enhancing payment system efficiency and reducing costs. o Case studies of pilot projects (e.g., e-CNY, Sand Dollar, eNaira).

Cross-Border CBDC Issues
o Challenges in cross-border CBDC interoperability. o Impacts on foreign exchange markets and currency sovereignty. o Coordination among central banks and international organizations

Cybersecurity and Operational Risks
o Identifying and mitigating cybersecurity threats. o Resilience planning for CBDC systems. o Safeguarding against fraud and operational failures.

CBDCs and Financial Inclusion
o Using CBDCs to expand access to financial services. o Addressing the digital divide and fostering inclusion in underserved communities. o Case studies on financial inclusion-focused CBDCs.

Future Trends and Innovations in CBDCs
o The role of artificial intelligence, machine learning, and RegTech in CBDC ecosystems. o Emerging trends in programmable money and smart contracts. o Long-term implications of CBDCs on global finance.

International BSF

Central Bank Digital Currency (CBDC) and Financial System Regulation

About Course

What Will You Learn?

Course Content

Introduction to CBDCs
Overview of CBDC concepts, motivations, and global trends. o Comparison with cryptocurrencies, stablecoins, and traditional fiat. o Role of CBDCs in modernizing financial systems.

CBDC Design Frameworks
o Retail vs. wholesale CBDCs: use cases and implications. o Account-based vs. token-based designs. o Technology options: blockchain, distributed ledger, and centralized systems.

Monetary Policy and CBDCs
o How CBDCs impact monetary policy transmission. o Implications for interest rates, inflation targeting, and liquidity management. o Policy trade-offs in CBDC adoption.

Regulatory Frameworks for CBDCs
o Adapting existing regulations for CBDC oversight. o AML/CFT compliance and privacy considerations. o Legal frameworks for issuance and usage

Payment Systems and CBDCs
o CBDCs as a complement or replacement for existing payment systems. o Enhancing payment system efficiency and reducing costs. o Case studies of pilot projects (e.g., e-CNY, Sand Dollar, eNaira).

Cross-Border CBDC Issues
o Challenges in cross-border CBDC interoperability. o Impacts on foreign exchange markets and currency sovereignty. o Coordination among central banks and international organizations

Cybersecurity and Operational Risks
o Identifying and mitigating cybersecurity threats. o Resilience planning for CBDC systems. o Safeguarding against fraud and operational failures.

CBDCs and Financial Inclusion
o Using CBDCs to expand access to financial services. o Addressing the digital divide and fostering inclusion in underserved communities. o Case studies on financial inclusion-focused CBDCs.

Future Trends and Innovations in CBDCs
o The role of artificial intelligence, machine learning, and RegTech in CBDC ecosystems. o Emerging trends in programmable money and smart contracts. o Long-term implications of CBDCs on global finance.

About Course

What Will You Learn?

Course Content

Introduction to CBDCs Overview of CBDC concepts, motivations, and global trends. o Comparison with cryptocurrencies, stablecoins, and traditional fiat. o Role of CBDCs in modernizing financial systems.

CBDC Design Frameworks o Retail vs. wholesale CBDCs: use cases and implications. o Account-based vs. token-based designs. o Technology options: blockchain, distributed ledger, and centralized systems.

Monetary Policy and CBDCs o How CBDCs impact monetary policy transmission. o Implications for interest rates, inflation targeting, and liquidity management. o Policy trade-offs in CBDC adoption.

Regulatory Frameworks for CBDCs o Adapting existing regulations for CBDC oversight. o AML/CFT compliance and privacy considerations. o Legal frameworks for issuance and usage

Payment Systems and CBDCs o CBDCs as a complement or replacement for existing payment systems. o Enhancing payment system efficiency and reducing costs. o Case studies of pilot projects (e.g., e-CNY, Sand Dollar, eNaira).

Cross-Border CBDC Issues o Challenges in cross-border CBDC interoperability. o Impacts on foreign exchange markets and currency sovereignty. o Coordination among central banks and international organizations

Cybersecurity and Operational Risks o Identifying and mitigating cybersecurity threats. o Resilience planning for CBDC systems. o Safeguarding against fraud and operational failures.

CBDCs and Financial Inclusion o Using CBDCs to expand access to financial services. o Addressing the digital divide and fostering inclusion in underserved communities. o Case studies on financial inclusion-focused CBDCs.

Future Trends and Innovations in CBDCs o The role of artificial intelligence, machine learning, and RegTech in CBDC ecosystems. o Emerging trends in programmable money and smart contracts. o Long-term implications of CBDCs on global finance.

Introduction to CBDCs
Overview of CBDC concepts, motivations, and global trends. o Comparison with cryptocurrencies, stablecoins, and traditional fiat. o Role of CBDCs in modernizing financial systems.

CBDC Design Frameworks
o Retail vs. wholesale CBDCs: use cases and implications. o Account-based vs. token-based designs. o Technology options: blockchain, distributed ledger, and centralized systems.

Monetary Policy and CBDCs
o How CBDCs impact monetary policy transmission. o Implications for interest rates, inflation targeting, and liquidity management. o Policy trade-offs in CBDC adoption.

Regulatory Frameworks for CBDCs
o Adapting existing regulations for CBDC oversight. o AML/CFT compliance and privacy considerations. o Legal frameworks for issuance and usage

Payment Systems and CBDCs
o CBDCs as a complement or replacement for existing payment systems. o Enhancing payment system efficiency and reducing costs. o Case studies of pilot projects (e.g., e-CNY, Sand Dollar, eNaira).

Cross-Border CBDC Issues
o Challenges in cross-border CBDC interoperability. o Impacts on foreign exchange markets and currency sovereignty. o Coordination among central banks and international organizations

Cybersecurity and Operational Risks
o Identifying and mitigating cybersecurity threats. o Resilience planning for CBDC systems. o Safeguarding against fraud and operational failures.

CBDCs and Financial Inclusion
o Using CBDCs to expand access to financial services. o Addressing the digital divide and fostering inclusion in underserved communities. o Case studies on financial inclusion-focused CBDCs.

Future Trends and Innovations in CBDCs
o The role of artificial intelligence, machine learning, and RegTech in CBDC ecosystems. o Emerging trends in programmable money and smart contracts. o Long-term implications of CBDCs on global finance.