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Cross-border payments: accelerating the implementation of the G20 roadmap

Day 1 Morning

Wednesday 25 March

Location :

ROOM 2

Speakers

Public Authoritiess
Julian Reischle
Director General Payments and Settlement Systems - Deutsche Bundesbank
Micheal O'Keeffe
Director of Policy and International - Central Bank of Ireland
Peter Ejler Storgaard
Assistant Governor and Head of Financial Stability Department - Danmarks Nationalbank
Thomas Lammer
Deputy Head of Secretariat - Committee on Payments and Market Infrastructures (CPMI)
Toshiyuki Miyoshi
Vice Minister for International Affairs & Co-Chair, IAIS - Financial Services Agency, Japan (J-FSA)
Industry Representativess
Dirk Bullmann
Managing Director, Office of the Chief Executive Officer - CLS Group
Erald Ghoos
Chief Executive Officer OKX Europe - OKX
Shriyanka Hore
Managing Director , Global Head of Industry Engagement - SWIFT

Objectives

Objectives

This roundtable aims to move beyond diagnostics and assess what needs to change, operationally, legally and institutionally, to deliver credible and sustained progress on cross-border payments by 2027 and beyond taking into account strong innovation.

Points of discussion

  1. As the G20 roadmap approaches its 2027 horizon how to govern the “last mile” to address domestic frictions and strengthen international cooperation? How should international cooperation on cross-border payments be structured thereafter: through renewed targets, continuous monitoring, or a more permanent governance mechanism? 
  2. What concrete problems in cross-border payments could tokenised deposits or stablecoins realistically solve? How can interoperability between tokenised and non-tokenised forms of money be ensured in practice? Should post-2027 international cooperation explicitly incorporates innovation governance, rather than treating it as a separate agenda?
  3. As new technologies such as tokenized platforms and stablecoin-based settlement rails emerge, how does CLS assess the forthcoming challenges for FX settlement?