FNA Broadcasts

In this broadcast we build on our discussion from our previous session, Building on Article 75 and Privacy: The Future of Cross-border Data Sharing, which dismantled the ‘privacy paradox’ by exploring how Article 75 enables institutions to share encrypted insights using Privacy-Enhancing Technologies (PETs). In this session, we shift our focus from policy to infrastructure, exploring how Article 7...

As cross-border fraud accelerates and criminal networks become more sophisticated, few policy proposals have generated as much discussion as Article 75. Concepts like data sharing, collaboration, and privacy preservation are often used interchangeably — but do they mean the same thing? And can institutions truly collaborate across borders without exposing sensitive data. FNA and guests Nick Maxwel...

In this 60-minute session, we aim to go beyond the hype separating fact from fiction by exploring the realities behind the technology, policy narratives transforming the wholesale FX market, addressing:  Why atomic and instant settlement are not the same The liquidity trade-offs of faster settlement models Whether decentralization truly means resilience  Why the post-trade FX Layer is mo...

Fraud and scams continue to pose systemic risks to the global financial system, costing more than $1 trillion in 2023 alone. As real-time and cross-border payments expand, scam prevention remains fragmented and slow, leaving institutions with limited ability to protect victimes or recover stolen funds. To help close this gap, FNA and Proto have joined forces to develop and integrate the Anti-Scam...

Mark Cheeseman OBE, CEO of the UK’s Public Sector Fraud Authority (PSFA), and Phillip Straley, President of FNA unpacked insights from the PSFA’s latest Annual Report and discussed how governments and financial authorities can strengthen their defenses against fraud and scams in this 60-minute broadcast.  This session explored how organizations can move from reactive fraud detection to proact...

Cybersecurity threats pose one of the greatest risks to global financial stability, making robust preparation essential for central banks, regulators, and financial institutions. In this session of the Payment Systems Broadcast, guests from the IMF and Bank of Finland explore how computer-based simulations can strengthen cyber stress testing exercises. Drawing on their recent IMF working paper, ‘U...

Foreign exchange (FX) markets are at the heart of global finance; yet, the processes for settling cross-border transactions remain slow, costly, and vulnerable to risk.  Project Meridian FX- a collaborative experiment led by the BIS Innovation Hub’s London and Eurossytem Centres alongside central banks, including the Bank of England, Banque de France, Deutsche Bundesbank, Banca d’Italia, and...

We explore how increasing the frequency of settlement cycles impacts liquidity efficiency and systemic risk with CLS Group's Emanuel Vila. This session follows the recent publication of a joint study from FNA and CLS investigating the trade-offs of potentially increasing settlement frequency in CLSSettlement which currently settles over $7 trillion in FX transactions daily with high netting effici...

Guests Oliver Hanmer (Payment Systems Regulator) and Dave McPhee (Pay. UK) joined FNA as we explored the complex challenge of balancing consumer protection measures and seamless payment experiences.  Protecting consumers is paramount in ensuring trust in financial services. But as the right payment landscape evolves, how do financial institutions strike the right balance between offering a se...

Guests Baltazar Rodriguez, BIS Innovation, Toronto, and  Animesh Gosh, CEO of Currency Network, joined FNA to explore the groundbreaking work of Project FuSSE (Fully Scalable Settlement Engine) led by the BIS Innovation Hub in collaboration with the Inter-American Development Bank (IDB).  The initiative aims to revolutionize financial market infrastructures (FMIs) by addressing critical...

With: | Matthew Hunt (Deloitte, Currency Research) | Valeria Gallo (Deloitte) | Ben Thornhill (Deloitte) Deloitte’s Matthew Hunt, Valeria Gallo and Ben Thornhill joined FNA for Session 18 of the Payments Systems Broadcast as we looked ahead to see what the future of money and payments holds.  As payment infrastructures undergo significant moerniziation, it is crucial to address how...

With: | Anneke Kosse, Senior Economist (Bank for International Settlements) | Ajit Desai, Principal Data Scientist (Bank of Canada) Given the substantial volume of transactions processed daily, finding anomalies is much like finding a needle in a haystack. So, how can Anneke Kosse and Ajit Desai’s novel machine-learning framework enhance transaction monitoring?  Annke Kosse and Ajit Desai dis...

The session follows Natsuki and Tunathon’s recent contribution to the IMF’s CBDC Virtual Handbook as we explored how strategic policy decisions and engaging intermediaries and end-users are key to addressing issues such as trust, public awareness and preference for existing payment methods.  We also looked at the recently introduced REDI Framework and how the regulatory strategies, educationa...

With: | David McKay (HSBC Innovation Bank) | Chad Reimers (TransUnion) As consumer scams and fraud become more sophisticated and complex, finding effective strategies and solutions to protect consumers becomes increasingly imperative. In session #16 of the Payment Systems broadcast, guests David McKay (HSBC Innovation Bank) and Chad Reimers (TransUnion) joined FNA to share their insights on how to...

With: | Arvinder Bharath (International Monetary Fund) | Beju Shah (Bank for International Settlements) Session #27 of FNA’s CBDC Broadcast delves into Project Polaris- a collaborative initiative focusing on the exploration and analysis of potential risk and mitigation strategies associated with tokenized securities and Central Bank Digital Currencies (CBDCs) Guest Arvider Bharath (IMF) and Beju S...

With: | Cameron Nili (Accenture, World Economic Forum) | Sandra Waliczek (World Economic Forum) Overview Guests Cameron Nili (Accenture, World Economic Forum) and Sandra Waliczek (World Economic Forum) joined FNA to give an insight into their newly published report, ‘Modernizing Financial Markets with wCBDC‘ as we took a closer look at the key concepts explored in the report, highlighted potential...

| David Chaum (CEO Elixxir.io & Original Founder of XX.network) | Animesh Ghosh (Founder & CEO, Currency Network) In this session of FNA’s 60-minute webinar series, The CBDC Broadcast, guests David Chaum and Animesh Ghosh join us to offer insight into Currency Network’s vATM solution. We’ll hear how this innovative CBDC solution aims to break down the barriers to CBDC adoption by simplifyi...

With: | Thomas Moser (Alternate Member of the Governing Board, Swiss National Bank) | David Newns (Head of SIX Digital Exchange) Guests Thomas Moser and David Newns joined FNA to explore the third phase of Project Helvetia, in which the Swiss National Bank and SIX test the introduction of a live CHF wholesale CBDC on a distributed ledger technology (DLT)- based financial market infrastructure. In...

With: | Ivan Mortimer-Schutts (Advisor, SIMBAS) | David Rennie (Digital Identity & Data Assurance Specialist at IDEMIA & DPF Privacy & Identity Working Group Lead) In today’s digital age, safeguarding payment systems against fraud, scams, and money laundering is paramount. This session brings together experts to explore the intricate nexus between these critical challenges. In this ses...

With: | Jannah Patchay (Executive Director, Policy Lead & Originating Member of the Digital Pound Foundation) | Elise Soucie (Director of Global Policy and Regulatory Affairs, Global Digital Finance) Guests Elise Soucie (Global Digital Finance) and Jannah Patchay (Digital Pound Foundation) joined the CBDC Broadcast to discuss what’s next for the Digital Pound as we asked how the Bank of Englan...

| Perttu Korhonen, Qatar Financial Centre Regulatory Authority | Matt Grasser, Cambridge Suptech Lab Perttu Korhonen and Matt Grasser will join FNA’s Suptech Broadcast on Thursday, 14 December, for a session focusing on the complementary capabilities of regtech and suptech. First, they will explore how integrated architectures optimise risk management and advance supervisory objectives. Second, th...

With: | Dirk Bullmann ( Global Head of Public Policy, CLS) Atomic settlement promises instant, simultaneous transactions, but does this represent a quantum leap for post-trade efficiency or a liquidity trap? In this session of the FMI Broadcast, Dirk Bullman cuts through the noise to make sense of what atomic settlement means and the benefits and drawbacks it offers as we ask whether molecular set...

With: | Joachim Samuelsson (CEO, Crunchfish) | Sunil Karkera (Product Director, Digital Payments IDFC First Bank) In today’s digital world, consumers expect seamless omnichannel banking and payment experiences, including the ability to make transactions offline. However, enabling secure approaches to offline payments presents many technological challenges. We aim to address some of these challenge...

With: | Bénédicte Nolens (BIS Innovation Hub) | Rosie Hampson (Goldman Sachs) How can collaboration and innovation accelerate the transition to sustainable finance? Guests Rosie Hampson (Goldman Sachs) and Bénédicte Nolens (BIS Innovation Hub) joined FNA for Session #13 of the FMI Broadcast, sharing insights from Project Genesis 2.0 – a collaborative initiative exploring the technical feasibility...

With: | Danny Russell (Bank of England) | Catherine Gu (Visa) There are many challenges surrounding the development of CBDCs, from maximizing interoperability to encouraging public-private sector collaboration and driving consumer adoption. Aiming to address these challenges is the BIS Innovation Hub London’s Project Rosalind- a joint experimentation with the Bank of England which aims to develop...