Thursday, Oct 26, 2023
Executive Panel: Digital Finance and Crypto Assets Oversight – Where Do We Stand?
Crypto regulation was a key agenda of the G20 summit. While regulations and a framework have yet to be finalized, consensus emerged that a blanket ban was not feasible.
The joint declaration noted that the G20 will continue to “closely monitor the risks of the fast-paced developments in the cryptoasset ecosystem,” and the leaders endorsed the Financial Stability Board’s (FSB’s) “high-level recommendations for the regulation, supervision, and oversight of crypto-assets activities and markets and of global stablecoin arrangements.”
The panel discussed:
- macro financial consequences,
- regulatory aspects,
- cross-border framework and cooperation; and
- supervisory implications.
Panelists:
William C. Dudley, Chair, Bretton Woods Committee (BWC); Former President and CEO, Federal Reserve Bank of New York
Nezha Hayat, Chairperson and Chief Executive Officer, Moroccan Capital Market Authority (AMMC)
Stefan Ingves, Chair, Toronto Centre; Former Governor, Sveriges Riksbank (Central Bank of Sweden)
Olivier Fines, Head, Advocacy and Capital Markets Policy Research for EMEA, CFA Institute
Moderator:
Marina Moretti, Deputy Director, Monetary and Capital Markets, International Monetary Fund (IMF)
Read the transcript here. Read their biographies here.
Listen to the Podcast:
Watch the Panel Session: