Toronto Centre provides high quality capacity building programs and guidance for financial supervisors and regulators, primarily in developing nations, to advance financial stability and inclusion. Since inception, Toronto Centre has trained over 28,000 officials from 190 jurisdictions.

Executive Panel: Digital Finance and Crypto Assets Oversight – Where Do We Stand?
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:

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