Canada is in the middle of a multi-year initiative to completely modernize its infrastructure of payments clearing and settling, which will result in data-rich, faster and safer payments for all.
This panel will deliver an in-depth discussion around payments modernization, lessons learned from other programs around the world, and insights into benefits and efficiencies from senior payments experts representing Global Systemically Important Banks (GSIBs).
The Bank of England Staff Paper 670 (2017) characterizes DLT as both a radical innovation (i.e. one that has high impact), as well as a systemic one (i.e. one that affects the entire value chain and not just one or a few components). But at this stage, it’s not clear how DLT might ultimately affect the post trade sector – whether the impact will be radical and/or systemic. This panel bring together representatives from the public and private sector to discuss the current use of blockchain for payments, clearing, and settlement activities and what the potential landscape may look like in the near and distant future.