Data, digitalization, decentialized finance and central bank digital currencies : the future of banking and money

Central Bank, digital currency What is the future of banking and money? The road passes through data and digitalization at all levels of activity, from personal banking through publicly and privately issued digital currencies. But who is winning and losing ground in the banking sector? Do we really need central bank digital currencies and how should they and private digital currencies be designed and regulated to yield the maximum benefits while reducing the obvious dangers? How should we regulate the new digital technologies? This book ́brings you the answers of senior public sector officials, industry leaders and leading academics. It is the tenth title in the Institute for Law and Finance’s series on the future of the financial sector. Explains the motivations behind and policy justifications for retail central bank digital currencies. Examines the promise of decentralized finance and blockchain technology. Foreword Preface Contents Introduction The Authors Digital Currencies and the Soul of Money I. Digitalization and Data: Can Incumbents Keep Up? Time for the Heavyweights – How established Financial Institutions can succeed in the Digital Assets Market Data-driven Innovation in Financial Services – Opportunities and Prerequisites Banks in the Digital Space II. Technology and Regulation: Are we Focused on the Right Things? Coordinating the regulatory approach to the new technology wave Who is afraid of the Blockchain? Towards a new EU Approach to Financial Regulation Adapting to the Digitalization of Banking and Finance III. Central Bank Digital Currencies: Cui Bono? The Case for and against CBDC – five Years later The Digital Euro: Policy Implications and Perspectives Central Bank Digital Currency: Is it really worth the Risk? The Case for Central Bank Digital Currencies On the Coming of Retail CBDCs: Public versus Private Money Wholesale CBDC as a possible Option for providing a Safe and Efficient Settlement Asset for Future Financial Infrastructures Theories and Practice of exploring China’s e-CNY Does Basel Dream of Electric Sheep? Prospects for the Development of Central Bank Digital Currencies IV. Decentralized Finance, Blockchain, Payment Systems, Tokens and Stablecoins, the Changing Rails of Banking and Commerce: In What do we Trust? A Douse of Digital Cold Water Crypto Assets, CBDCs and Trust Changing Landscape, Changing Supervision: Preserving Financial Stability in Times of Tech Revolution What is the future of banking and money? The road passes through data and digitalization at all levels of activity, from personal banking through publicly and privately issued digital currencies. But who is winning and losing ground in the banking sector? Do we really need central bank digital currencies and how should they and private digital currencies be designed and regulated to yield the maximum benefits while reducing the obvious dangers? How should we regulate the new digital technologies? This bookbrings you the answers of senior public sector offi cials, industry leaders and leading academics. It is the tenth title in the Institute for Law and Finance's series on the future of the financial sector