Masterclass on Central Bank Digital Currency (CBDC)

After completing this training programme, you will be qualified to: 

• Identify the requirements and circumstances that made the switch to a regulated digital currency necessary.
• Recognise the primary technology that will impact the world's banking, financial, and monetary systems the most. 
• Describe the many forms of digital currency issued by central banks, including its design, implementation, and compatibility.
• Examine the benefits and difficulties of introducing digital currencies issued by central banks from an economic and technical perspective.
• Distinguish between the many CBDC initiatives that are being implemented worldwide based on their technological and financial aspects. 

This training programme will combine quick talks, brainstorming exercises in groups, and round table discussions. Participants will have the opportunity to collaborate on creating digital currencies issued by central banks and to take a deeper look at how to integrate technology and banking. In the end, participants will compete to design a new CBDC using the principles that were covered in the workshop.

The following sums up this workshop's effects on the organisation: 

• What effects will cryptocurrencies have on the banking industry, and how should central banks, banks, and regulatory bodies defend their positions?
• How can central banks and commercial banks work together to create a viable, regulated digital currency? 
• Possess a thorough awareness of the most recent developments in the international monetary system.
• How can we modernise the entire financial ecosystem by embracing recently emerging technology like Blockchain?
• What impact does financial innovation have on how monetary policy is conducted and carried out?

The following is a summary of how this training has affected each attendee personally: 

• Gaining in-depth understanding of digital currencies in general and CBDC in particular
• Recognising the distinction between cryptocurrencies and regulated digital currencies as well as the entire digitalization of money 
• Recognise blockchain technology and comprehend how it directly affects the banking industry
• Possess a thorough understanding of creating, deploying, and managing a digital currency issued by a central bank.
• Best practices pertaining to the most important CBDC initiatives being investigated or put into action by international central banks 

Senior managers and executives from any banking or financial organisation, as well as relevant regulatory bodies, are the target audience for this course. The attendees will gain a thorough comprehension and practical application of the latest advancements in the industry, particularly those concerning digital money issued by central banks. 

Although a wide range of professionals can benefit from this training, the following will particularly benefit: 

• Chief Executives and C-level Workers
• VPs and department heads
• Directors of regulatory authorities
• Teams focused on innovation and digital banking
• Executives of central banks