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ITU Workshop on Standardizing Digital Fiat Currency (DFC) and its Applications
New York City, USA, 18-19 July 2018

Contact: tsbevents@itu.int

Day 1, 18 July 2018

08:30 - 09:00	Registration
09:00 - 09:45	Opening FG DFC Meeting & Workshop: Plenary Session Welcome remarks Bilel Jamoussi, Chief Study Groups Department, ITU/TSB [ Biography ] Robert Hockett, Professor, Director of Cornell Program for Regulation of Financial Institutions and Financial Markets David Wen, Chairman, ITU-T FG DFC [ Biography ] Approval of Agenda Administrative Logistics Document Allocation Contributions
09:45 - 10:30	Keynote addresses “New Ideas about Digital Cash”, David Chaum, Founder, DigiCash
10:30 - 10:45	Coffee Break
10:45 - 11:30	DFC Roundtable: Current Trends & the US Perspective Remarks and discussion of the promise and potential implications of a Central Bank issued Digital Currency. We feature local experts from the United States to shed light on several US perspectives. Remarks & Moderation: Larry Rufrano, Executive Director, Advanced Financial Technology Lab, Stanford University [ Presentation ] Response & Discussion: Antoine Martin, Federal Reserve Bank of New York [ Biography I Presentation ] Ylva Sovik, Director in Financial Stability, Norges Bank Daniel Reiss,Central Bank of Brazil [ Presentation ]
11:30 - 12:15	Case: The State of DFC Implementation in China People's Bank of China (PBOC) has been a leader in thinking strategically about DFC deployments at a large scale with a mixture of heavy cash use and robust and growing use of mobile payments. This will highlight PBOC's efforts in meting these challenges. Yao Qian,Vice Director-General of Technology Department, People's Bank of China [ Presentation ]
12:15 - 13:15	Lunch Break
13:15 - 13:55	Case: Sweden’s eKrona Project Riksbank is leading the world in piloting DFC with the eKrona project. In this talk, they describe the fundamental requirements of a Central Bank Digital Currency, which they articulated prior to piloting. Gabriela Guibourg, Head of Analysis and Policy Division, Payments Department, Sveriges Riksbank [ Presentation ]
13:55 - 14:35	Case: CBDB in Norway: A Case for Financial Stability Based in their Whitepaper Central Bank Digital Currencies, Norwegian Central Bank authorities discuss DFC in the context of financial stability. “Digitalization and the provision of central bank currency”, Ylva Sovik, Director in Financial Stability, Norges Bank [ Presentation ]
14:35 - 15:05	Case: Philippines: A Public Private Collaboration Philippines is leading an innovative, commercial bank driven ePiso Project using DFC technology within the context of the BSP Sandbox Model. Representatives from both RCBC and BSP join to present their active deployment with real customers and commercial payment providers. Margarita B. Lopez, First Senior Vice President, Digital Banking Group and Operations, Rizal Commercial and Banking Corp (RCBC) [ Presentation ] Melchor T. Plabasan, Deputy Director, Core Information Technology Specialist Group, Bangko Sentral ng Pilipinas [ Presentation ] Joey Mendoza, Lead ePiso Project, eCurrency [ Biography ]
15:05 - 15:20	Coffee Break
15:20 - 16:00	Case: Exploring the DFC Opportunity in Egypt Egypt is quickly advancing in digitizing its economy. In this session, Central Bank of Egypt describes a case of how they plan to leverage and advance this wave of digitization using DFC within its regulatory and legal frameworks. Mohamed Helmy, Senior Business/Security Officer Central Bank Egypt [ Biography ]
16:00 - 16:40	Case: Reserve Bank of India (RBI) TBD India is leading the world in Digital Identity. Prime Minister Modi’s Digital India Blueprint DFC is featured prominently as a key enabler. This whitepaper, currently in development, describes India’s plans for DFC implementation. Reserve Bank of India
16:40 - 17:20	Case: Central Bank of Brazil's DFC Vision Central Bank of Brazil has been studying global studies and is publishing a DFC taxonomy. In this session they present their taxonomy and vision for Brazil. Bruno Batavia, Coordinator, Central Bank Brazil [ Biography I Presentation ]
17:20 - 18:00	Closing Discussion: Digital Fiat Currencies: Cross Border Implications A discussion of how a Digital Fiat Currency instrument might function in cross border cases. Barry Eichengreen, Professor of Economics and Political Science, University of California Berkeley [ Biography ] Klaus Loeber, Head of Oversight, European Central Bank, Innovations Working Group CPMI
18:00 - 19:30	Networking Cocktail

Day 2, 19 July 2018

08:30 - 09:00	Registration
09:00 - 09:45	Thematic Panel: Banks, Central Banks, and Fintech The fintech revolution is prompting many observers to revisit the nature of money and banking. Some predict the end of banking as we know it. Others more breathlessly predict the end of central banking and even sovereign currencies themselves. This panel takes a sober look at these and more modest predictions with a view to what changes fintech is likely, and what changes it isn't likely, to bring. Special attention will be paid to the promise that fintech offers of more effective central banking, that is less reliant on the private banking sector for the conduct of monetary policy than it has been for most of the past century. Remarks & Moderation: Sarah Bloom Raskin, formerly Board of Governors of the Federal Reserve System & United States Deputy Secretary of the Treasury Panelists: Robert Hockett, Professor, Director of Cornell Program for Regulation of Financial Institutions and Financial Markets Rohan Grey, Cornell Law School & Modern Money Network [ Presentation ]
09:45 - 10:30	Thematic Panel: DFC Regulatory & Economic Impacts Building on the work of Working Group One: Regulatory Requirements and Economic Impacts, this panel examines possible economic impacts an economy might face in a DFC era. While popular press is warning of the perils of crypto currencies and speculation, this panel focuses on the specific, real regulatory and legal implications of a Central Bank Issued Digital Fiat Currency. The conversation will inform ongoing activities and deliverables of the Working Group. Moderator: Bejoy Das Gupta, Chief Economist, eCurrency [ Biography ] Panelists: Wimboh Santoso, Chairman, OJK Kaushik Basu, Professor of Economics, Cornell University Ahmed Said, Head of Economic Affaris, NTRA Egypt [ Biography ] Angela Walch, Professor at St. Mary's University School of Law [ Biography ]
10:30 - 10:45	Coffee Break
10:45 - 11:30	Thematic Panel: Reference Architecture & Ecosystem Building on the Work of Working Group Two: Reference Architecture and Ecosystem, this panel looks at specific reference architectures for a DFC solution. The conversation will inform ongoing activities and deliverables of the Working Group. Moderator: Bilel Jamoussi, Chief Study Groups Department, ITU/TSB [ Biography ] Panelists: Michael Li, Technical Director of Tencent Finance Platform, Tencent [ Presentation I Video ] Thomas Kudrycki, CTO eCurrency [ Presentation ] Drummond Reed, Chief Trust Officer, Evernym [ Presentation ] Konstantin Peric, Deputy Director Global Payment, Bill & Melinda Gates Foundation [ Presentation ]
11:30 - 12:15	Thematic Panel: Security & Standards for DFC Building on the Work of Working Group Three: Security, this panel looks at Fiat Currency & Security Assurance. The conversation will inform ongoing activities and deliverables of the Working Group. Moderator: Jacques Francoeur, Faculty Cyber Executive-in Residence, San Jose State University [ Biography ] Panelists: Olivier Pfeiffer, Head of Financial and Critical Infrastructures Markets, ID Quantique, Switzerland [ Biography I Presentation ] Global Platform (speaker tbc) Alpha Wang, Senior FinTech Security Expert, Tencent [ Presentation ] Ed Scheidt, Convenor of ISO TC68 SC2 WG13 Ad Hoc Group 4 [ Biography ]
12:15 - 13:30	Lunch Break