About This Event
“Decide what a CBDC should do for your economy before anyone asks you to build one.”
A structured grounding in central bank digital currency, from first principles to policy choices. You will weigh retail and wholesale designs, account and token models, privacy and offline features, and test what each option means for monetary transmission, bank funding, capital flows and financial stability in your own jurisdiction.
What You'll Explore
A draft CBDC policy position for your jurisdiction, defended before peers
A design-choice matrix covering architecture, privacy and offline use
A disintermediation stress test with holding-limit options
A phased research, proof-of-concept and pilot roadmap
A checklist of legal, AML/CFT and oversight questions to settle first
Who Should Attend
Open to all qualifying staff, particularly: Monetary Policy Directors, Payments & Fintech Leads, Financial Stability Analysts, Legal Counsel, Research Economists, Senior Management.
Why This Course Matters
Clear Design Choices
Retail or wholesale, account or token, direct or intermediated: each choice shapes the whole system. Getting these decisions straight early saves years of rework once vendors and pilots are under way.
Stability Safeguards
A CBDC can pull deposits out of banks in a stress event if holding limits and remuneration are wrong. Knowing the levers means you can protect bank funding while still delivering public digital money.
Board-Ready Position
Governors and boards need a reasoned view, not a technology pitch. A clear policy position lets your institution answer ministers, banks and the public with one consistent message.
Programme
Day 1
Money, digital forms & the case for a CBDC
You will map the forms of money in circulation, from cash to e-money and stablecoins, and set out the public-policy objectives a CBDC could serve, including inclusion, payment efficiency and monetary sovereignty.
Day 2
Design architecture: retail, wholesale & ledger models
You will compare account- and token-based models, direct, hybrid and intermediated architectures, and the trade-offs of privacy, offline use, programmability and interoperability with existing payment systems.
Day 3
Monetary policy transmission & the central bank balance sheet
You will trace how a CBDC changes the central bank balance sheet, interest-rate pass-through and liquidity conditions, and assess whether remuneration could become a new monetary-policy tool.
Day 4
Financial stability, disintermediation & cross-border risk
You will model deposit substitution and digital bank-run scenarios, test holding limits and tiered remuneration, and consider currency substitution and capital-flow risks in cross-border use.
Day 5
Legal basis, roadmap & policy position defence
You will draft a CBDC policy position for your jurisdiction, covering legal mandate, AML/CFT controls and a phased research-to-pilot roadmap, then defend it before a panel of peers.
Standards & Faculty Benchmark
BIS CBDC foundational principles (2020)
The 'do no harm', coexistence and innovation principles set by the BIS and a group of central banks.
IMF CBDC Virtual Handbook
IMF guidance on CBDC objectives, design, legal foundations and implementation choices.
CPMI-IOSCO PFMI
Principles for financial market infrastructures, used to assess CBDC settlement and resilience.
FATF Recommendations & Methodology
AML/CFT standards that shape identity, tiering and privacy choices in digital money design.
These are the references IMF missions, the BIS and your own board will use to judge a CBDC proposal. Building your position on them means your design choices are already framed in the language reviewers expect, and your roadmap needs no rewriting later.
Is This Right for You?
- ☑You advise on digital money, payments or monetary policy
- ☑Your institution is researching or piloting a CBDC
- ☑You need a policy view that stands up to board scrutiny
Good to Know
No technical or coding background is needed; the course is pitched at policy and design choices rather than software. You leave with a draft CBDC policy position and phased roadmap for your jurisdiction, tested against peer challenge.
The Bottom Line
Return with a CBDC position your governor can present with confidence, grounded in design choices you can explain and defend.
Recommended For
Open to all qualifying staff, particularly: Monetary Policy Directors, Payments & Fintech Leads, Financial Stability Analysts, Legal Counsel, Research Economists, Senior Management.