Leadership in CBDC and Digital Currency Development Training Course

Introduction

The emergence of Central Bank Digital Currencies (CBDCs) and the broader landscape of digital currencies represent a monumental shift in the future of money, payment systems, and financial stability. This 5-day training course on Leadership in CBDC and Digital Currency Development is meticulously designed to equip senior central bank officials, policymakers, and financial leaders with the strategic insights and practical expertise required to navigate this transformative era. Participants will gain a deep understanding of the motivations behind CBDC issuance, the intricate design choices involved, their profound implications for monetary policy and financial stability, and the critical leadership competencies necessary to responsibly develop and implement these innovative forms of digital money.

This intensive program is tailored for Governors, Deputy Governors, Executive Directors, Heads of Departments, and senior officials within central banks, ministries of finance, financial regulatory bodies, and international financial institutions. It will empower attendees to assess the benefits and risks of CBDCs, explore various architectural models, address critical issues such as privacy and cybersecurity, and foster multi-stakeholder collaboration essential for successful implementation. By fostering a forward-thinking and comprehensive understanding of CBDCs, this course aims to cultivate a new generation of leaders capable of shaping the future of global finance, ensuring their institutions remain resilient, inclusive, and effective in the digital age.

Duration: 5 Days

Target Audience:

  • Governors and Deputy Governors of Central Banks
  • Executive Directors and Board Members of Central Banks
  • Heads of Departments (e.g., Payments, Monetary Policy, Financial Stability, Legal, IT)
  • Senior officials from Ministries of Finance and Economic Planning
  • Financial Regulatory Authorities and Supervisors
  • Technology and innovation leads in financial sector entities
  • Legal and compliance professionals specializing in digital currencies
  • International financial institution staff involved in digital money initiatives
  • Senior researchers and economists focused on the future of money

Objectives: Upon completion of this course, participants will be able to:

  • Articulate the motivations, benefits, and risks associated with Central Bank Digital Currencies (CBDCs).
  • Understand the diverse design choices for CBDCs and their implications for the financial system.
  • Analyze the impact of CBDCs on monetary policy transmission and financial stability.
  • Address key legal, regulatory, and cybersecurity considerations in digital currency development.
  • Lead the strategic planning, development, and implementation of CBDC initiatives within their institutions.

Course Modules:

Module 1: The Evolving Landscape of Digital Currencies

  • Overview of digital currencies: cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs).
  • The evolution of money and payment systems in the digital age.
  • Drivers for central bank interest in CBDCs: efficiency, inclusion, stability, sovereignty.
  • Differentiating retail vs. wholesale CBDCs and their respective use cases.
  • Global trends and ongoing CBDC initiatives across various jurisdictions.

Module 2: Motivations, Benefits, and Risks of CBDCs

  • Benefits: enhancing payment efficiency, fostering financial inclusion, reducing transaction costs, promoting innovation.
  • Risks: financial stability concerns (e.g., bank disintermediation, bank runs), cyber risks, privacy concerns.
  • Impact on monetary policy transmission mechanisms and effectiveness.
  • Implications for financial intermediation and the commercial banking sector.
  • The role of CBDCs in maintaining monetary sovereignty and public trust in central bank money.

Module 3: CBDC Design Choices and Architectural Models

  • Key design principles: privacy, security, scalability, interoperability, resilience.
  • Architectural models: direct vs. intermediated (two-tiered) CBDC systems.
  • Account-based vs. token-based CBDC designs and their technical implications.
  • Programmability of CBDCs and its potential use cases (e.g., targeted payments, smart contracts).
  • Offline capabilities and accessibility for diverse populations.

Module 4: Legal, Regulatory, and Governance Frameworks for CBDCs

  • Legal tender status and the legal basis for CBDC issuance.
  • Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) considerations for CBDCs.
  • Data privacy and protection regulations (e.g., GDPR, CCPA) in a CBDC environment.
  • Regulatory oversight of CBDC ecosystems and associated service providers.
  • International harmonization and cross-border regulatory cooperation for CBDCs.

Module 5: Technology, Cybersecurity, and Operational Resilience

  • Underlying technologies for CBDCs: Distributed Ledger Technology (DLT), blockchain, centralized databases.
  • Cybersecurity challenges and best practices for CBDC platforms.
  • Ensuring operational resilience, availability, and business continuity.
  • Scalability requirements for high-volume, real-time transactions.
  • The role of third-party service providers and technology partnerships.

Module 6: Impact of CBDCs on Payment Systems and Financial Inclusion

  • Integration of CBDCs into existing national payment infrastructures.
  • Potential for improved cross-border payments and remittances.
  • CBDCs as a tool for enhancing financial inclusion for the unbanked and underbanked.
  • Coexistence of CBDCs with physical cash and private digital monies (e.g., stablecoins).
  • Fostering innovation in the payments ecosystem through CBDC infrastructure.

Module 7: Leading CBDC Project Development and Implementation

  • Strategic planning for CBDC initiatives: from research to pilot to full deployment.
  • Building multidisciplinary teams: combining economics, technology, legal, and communication expertise.
  • Stakeholder engagement strategies: engaging commercial banks, Fintechs, public, and government.
  • Public communication campaigns and fostering adoption.
  • Lessons learned from global CBDC pilot programs and live implementations.

Module 8: The Future of Money and Strategic Foresight for Central Banks

  • Long-term implications of CBDCs for the global financial architecture.
  • The interplay between CBDCs, private digital currencies, and traditional finance.
  • Geopolitical considerations and the role of major currencies in a digital world.
  • Anticipating future technological advancements and their impact on central banking.
  • Developing a forward-looking strategy to maintain relevance and effectiveness in the evolving monetary landscape.

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

 

Leadership In Cbdc And Digital Currency Development Training Course in Australia
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