Cross-Border Payments—A New Beginning

October 19, 2020

    8 am - 9 am

    Panel 1: Cross-Border Payments—A Vision for the Future

    This panel of high-level policymakers will discuss the advent of new digital currencies and the future of cross-border payments. The focus will be on macro-financial effects on monetary policy, financial stability, capital flows, financial inclusion, and the international monetary system. To what extent, and how, should policymakers collaborate to maximize social benefits and limit costs and risks?

    Moderator: Kristalina Georgieva, Managing Director of the International Monetary Fund


    • Ahmed Abdulkarim Alkholifey, Governor of the Saudi Arabian Monetary Authority
    • Agustín Carstens, General Manager of the Bank for International Settlements
    • Jerome Powell, Chair of the Federal Reserve
    • Nor Shamsiah Mohd Yunus, Governor of the Central Bank of Malaysia
    9 am - 10 am

    Panel 2: Cross-Border Payments—The Private Sector Steps Up

    Current shortcomings of cross-border payments, and new technological developments are an invitation to the private sector to offer innovative solutions. Which are some of the emerging solutions, and how might we benefit from them? The panel will also uncover what private entrepreneurs expect from policymakers and regulators. Can innovation be encouraged while preserving a level playing field, and ensuring interoperability of solutions?

    Moderator: Dong He, Deputy Director, Monetary and Capital Markets Department, International Monetary Fund


    • Denelle Dixon, CEO, Stellar
    • Jonathan Dharmapalan, CEO, eCurrency
    • Rory MacFarquhar, Senior VP, Mastercard
    • Rene Reinsberg, CEO, Celo
    10 am -  11 am

    Panel 3: Cross-Border Payments—The Public Sector’s Role

    Rapid advancements in technology are inducing policymakers to innovate, and to work with entrepreneurs. What is the role of the public sector versus the private sector in offering new payment solutions and improving cross-border payments? Can the public sector keep up with innovation? What are the types of solutions being investigated by the public sector, and will these entail an evolution or a revolution?

    Moderator: Tommaso Mancini-Griffoli, Division Chief, Payments, Currencies and Infrastructure Division, Monetary and Capital Markets Department, International Monetary Fund


    • Tara Rice, Head of Secretariat, Committee on Payments and Market Infrastructures, Bank of International Settlements
    • Arif Ismail, Head of Fintech, South African Reserve Bank
    • Jennifer Lucier, Associate Director, Division of Reserve Bank Operations and Payment Systems, Federal Reserve Board
    • Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority Singapore
    11 am - 12 pm

    Panel 4: Cross-Border Payments—A Global Roadmap for Improvements

    The G20 requested that an international task force propose a roadmap of concrete actions to improve cross-border payments. The task force’s co-chairs will unveil this ambitious roadmap, and kick-off a public consultation with users, innovators, regulators, and policymakers to further refine the plan.

    Moderator: Tobias Adrian, Director, Monetary and Capital Markets Department, International Monetary Fund


    • Jon Cunliffe, Deputy Governor, Bank of England
    • Alejandro Diaz de Leon, Governor, Banco de Mexico