LPFMI and Economic Innovation

YSI webinar series @LPFMI

September 2020 - August 2021

The Liquidity Project Financial Market Infrastructure (or LPFMI) starts a webinar series a conversation with economic innovatition

Webinar Series

Description

The Liquidity Project Financial Market Infrastructure (or LPFMI) would like to start in this mini webinar series a conversation with economic innovation, which will encompass three webinars

1) Introduction to Stablecoins‐ Theory, Structures, Use Cases
2) Cross Border Payments and Blockchain
3) FX Cross Border oversight

LPFMI INFORMATION
As some of you know, LPFMI is concerning itself around liquidity questions in financial market infrastructure (FMI) and is therefore open to all questions regarding
i. Liquidity problems at FMIs - this is the core of this project
ii. Liquidity problems in the financial system - this could be the next LP focus
iii. FMI problems in general - this includes innovation such as blockchain / DLT

Should you want to learn more about LPFMI, check out the links below for our initiation presentation from Jun. 2019. There were also Q&A webinars on the presentation, you can check out as well or reach out to any of us at LPFMI. Come join us!

LPFMI EVENTS OUTLOOK
The above mini webinar series will be part of a broader LPFMI Fall curriculum. You can find an overview (date 20. Sep. 2020 subject to updates) at https://drive.google.com/file/d/10Hgj3S9Oh-k29eEypaIv6MhSkOHJWgAu/view?usp=sharing Come join us as well for the other webinar series!

LPFMI and the Law
• PREP. – CCPs for OTC Derivatives: the Foundations of the Legal and Regulatory Framework
• DEBRIEF – CCPs for OTC Derivatives: the Foundations of the Legal and Regulatory Framework with Dan Awrey (Cornell)
• Uncleared margining regulation with Poseidon Retsinas (HedgeLegal)

LPFMI and Economic Development
• CCP role in Frontier Countries with CCP expert

LPFMI @ YSI Virtual Plenary
• LPFMI events 6. - 15. Nov. 2020 online to be confirmed soon

Earmarked F2F conferences - to be confirmed
• LPFMI along BuBa/ECB/FRBC CCP conference 1. ‐ 4. Mar. 2021 in Frankfurt, DE Europe
• FRBC annual OTCD/Clearing Symposium in Jul. 2021 in Chicago, IL USA

UPCOMING EVENTS

There are no upcoming events in this project.

PAST EVENTS

Webinar

Online

20 Oct 2020

LPFMI and Economic Innovation - Introduction to Stablecoins– Theory, Structures, Use Cases

WEBINAR INFORMATIONPart of the research agenda for the Young Scholars Initiative’s (YSI) Liquidity Project Financial Market Infrastructure (LPFMI) includes innovations in settlement, clearing and financial infrastructure. Stablecoins (cryptocurrency designed to be stable in value) are an excellent example of the nascent innovation that has come about in financial technology that is relevant to modern liquidity problems in financial markets. This webinar will walk through an overview of Stablecoins while covering the basics of their classification and design. Major topics we plan to touch on include:• Emerging economic theory of stablecoins as an asset or liability• Various stablecoin structures as financial instruments, currency IOU’s, and more• Current emerging use cases in the market LPFMI INFORMATIONAs some of you know, LPFMI is concerning itself around liquidity questions in financial market infrastructure (FMI) and is therefore open to all questions regardingi. Liquidity problems at FMIs - this is the core of this projectii. Liquidity problems in the financial system - this could be the next LP focusiii. FMI problems in general - this includes innovation such as blockchain / DLT Should you want to learn more about LPFMI, check out the links below for our initiation presentation from Jun. 2019. There were also Q&A webinars on the presentation, you can check out as well or reach out to any of us at LPFMI. Come join us! LPFMI EVENTS OUTLOOKThe above mini webinar series will be part of a broader LPFMI Fall 2020 curriculum. You can find an overview (date 04. Oct. 2020 subject to updates) at https://drive.google.com/file/d/10Hgj3S9Oh-k29eEypaIv6MhSkOHJWgAu/view?usp=sharing Come join us as well for the other webinar series! LPFMI and Economic Innovation (con't)• Cross Border Payments and Blockchain• FX Past, Proposed and Missing Innovation with Dr. Robert Hofmeister (ECB) LPFMI and the Law• PREP. – CCPs for OTC Derivatives: the Foundations of the Legal and Regulatory Framework• DEBRIEF – CCPs for OTC Derivatives: the Foundations of the Legal and Regulatory Framework with Dan Awrey (Cornell)• Uncleared margining regulation with Poseidon Retsinas (HedgeLegal) LPFMI and Economic Development• CCP role in Frontier Countries with CCP expert LPFMI @ YSI Virtual Plenary• LPFMI events 6. - 15. Nov. 2020 online to be confirmed soon Earmarked F2F conferences - to be confirmed• LPFMI along BuBa/ECB/FRBC CCP conference 1. ‐ 4. Mar. 2021 in Frankfurt, DE Europe• FRBC annual OTCD/Clearing Symposium in Jul. 2021 in Chicago, IL USA

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Webinar

Online

21 Oct 2020

LPFMI and Economic Innovation - Cross Border Payments and Blockchain

WEBINAR INFORMATIONCross Border Payments form a crucial part of the role of the Payment Financial Market Infrastructures (FMIs) in maintaining stability of exchange rates across the globe. The recent CPMI report from BIS calls out the necessity to improve cross-border payments to make them faster, cheaper, more transparent and inclusive and aims to resolve longstanding frictions and challenges in cross-border payments would boost global trade, development and economic growth. In this webinar, we shall take a closer look at the skeleton of traditional cross-border payments and then with a fine-tooth comb, understand the reasons behind the challenges that current payment FMIs face along with their impact on end-users. We would then steer towards the construct of the a broad-brush blockchain based solution for cross border payments, how it is fundamentally different from traditional construct and how, because of its construct, it helps alleviating some glaring pain points. As no solution is a panacea, we shall end the session with the challenges that the blockchain offerings face in its current form (in context of cross border payments) and discuss how some industry and regulatory interventions could smoothen the evolution of industry and payments FMIs to a seemingly promising transition. LPFMI INFORMATIONAs some of you know, LPFMI is concerning itself around liquidity questions in financial market infrastructure (FMI) and is therefore open to all questions regardingi. Liquidity problems at FMIs - this is the core of this projectii. Liquidity problems in the financial system - this could be the next LP focusiii. FMI problems in general - this includes innovation such as blockchain / DLT Should you want to learn more about LPFMI, check out the links below for our initiation presentation from Jun. 2019. There were also Q&A webinars on the presentation, you can check out as well or reach out to any of us at LPFMI. Come join us! LPFMI EVENTS OUTLOOKThe above mini webinar series will be part of a broader LPFMI Fall 2020 curriculum. You can find an overview (date 04. Oct. 2020 subject to updates) at https://drive.google.com/file/d/10Hgj3S9Oh-k29eEypaIv6MhSkOHJWgAu/view?usp=sharing Come join us as well for the other webinar series! LPFMI and Economic Innovation (con't)• Introduction to Stablecoins‐ Theory, Structures, Use Cases• FX Past, Proposed and Missing Innovation with Dr. Robert Hofmeister (ECB) LPFMI and the Law• PREP. – CCPs for OTC Derivatives: the Foundations of the Legal and Regulatory Framework• DEBRIEF – CCPs for OTC Derivatives: the Foundations of the Legal and Regulatory Framework with Dan Awrey (Cornell)• Uncleared margining regulation with Poseidon Retsinas (HedgeLegal) LPFMI and Economic Development• CCP role in Frontier Countries with CCP expert LPFMI @ YSI Virtual Plenary• LPFMI events 6. - 15. Nov. 2020 online to be confirmed soon Earmarked F2F conferences - to be confirmed• LPFMI along BuBa/ECB/FRBC CCP conference 1. ‐ 4. Mar. 2021 in Frankfurt, DE Europe• FRBC annual OTCD/Clearing Symposium in Jul. 2021 in Chicago, IL USA

Learn more

Webinar

Online

23 Oct 2020

LPFMI and Economic Innovation - FX Past, Proposed and Missing Innovation with Dr. Robert Hofmeister (ECB)

WEBINAR INFORMATIONDr. Robert Hofmeister is a is a payment market infrastructure expert at the European Central Bank (ECB) Directorate General (DG) Market Infrastructure & Payments, Oversight Division and within there the Payments Oversight Section. In his capacity he oversees Foreign Exchange (FX) Cross Border Infrastructure which most prominently includes Continuous Linked Settlement (CLS - www.cls-group.com) the incumbant and defacto sole leader in the most liquid foreign exchange markets but also promising start-ups like Fnality International (www.fnality.org). Robert is going to give an overview on FX markets and then discuss from a practical oversight perspective potential liquidity 'issues' within FX markets. Doing so, he will show the innovation that has been taking place, is being proposed at the moment to address these or which 'issues' potentially currently lack an innovative response. With this presentation, the Liquidity Project Financial Market Infrastructure (LPFMI) will conclude its Fall 2020 curriculum conversation with Economic Innovation. LPFMI INFORMATIONAs some of you know, LPFMI is concerning itself around liquidity questions in financial market infrastructure (FMI) and is therefore open to all questions regardingi. Liquidity problems at FMIs - this is the core of this projectii. Liquidity problems in the financial system - this could be the next LP focusiii. FMI problems in general - this includes innovation such as blockchain / DLT Should you want to learn more about LPFMI, check out the links below for our initiation presentation from Jun. 2019. There were also Q&A webinars on the presentation, you can check out as well or reach out to any of us at LPFMI. Come join us! LPFMI EVENTS OUTLOOKThe above mini webinar series will be part of a broader LPFMI Fall 2020 curriculum. You can find an overview (date 04. Oct. 2020 subject to updates) at https://drive.google.com/file/d/10Hgj3S9Oh-k29eEypaIv6MhSkOHJWgAu/view?usp=sharing Come join us as well for the other webinar series! LPFMI and Economic Innovation (con't)• Introduction to Stablecoins– Theory, Structures, Use Cases• Cross Border Payments and Blockchain LPFMI and the Law• PREP. – CCPs for OTC Derivatives: the Foundations of the Legal and Regulatory Framework• DEBRIEF – CCPs for OTC Derivatives: the Foundations of the Legal and Regulatory Framework with Dan Awrey (Cornell)• Uncleared margining regulation with Poseidon Retsinas (HedgeLegal) LPFMI and Economic Development• CCP role in Frontier Countries with CCP expert LPFMI @ YSI Virtual Plenary• LPFMI events 6. - 15. Nov. 2020 online to be confirmed soon Earmarked F2F conferences - to be confirmed• LPFMI along BuBa/ECB/FRBC CCP conference 1. ‐ 4. Mar. 2021 in Frankfurt, DE Europe• FRBC annual OTCD/Clearing Symposium in Jul. 2021 in Chicago, IL USA

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Working groups
  • Financial Stability
  • Economics of Innovation
  • Economic Development
  • Finance, Law, and Economics
Project Organizers
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Gerhardt "Kiko" Kalterherberg

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Ádám Kerényi

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Nurlan Jahangirli

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Maria Cecilia del Barrio Arleo

For questions, the Project Organizers.