Welcome to Our Series of Webinars - Deep Dives with IIQF Experts
Indian Institute of Quantitative Finance
Program details
Central bank digital currencies are being talked about all over the world. A survey conducted by Bank for International Settlements (BIS) in late 2021 showed that Nine out of 10 central banks are exploring central bank digital currencies (CBDCs), and more than half are now developing them or running concrete experiments. The Reserve Bank of India has recently released a concept Note on Central Bank Digital Currency (CBDC) for India.
In this webinar, we will look at the various aspects of digital currencies. We will discuss stablecoins – digital currencies whose value is pegged to a reference asset. These may be less volatile than crypto and therefore, more suitable for day-to-day transactions. Finally, we will discuss wholesale and retail central bank digital currencies.
In this webinar we will discuss the various aspects of CBDCs namely:
- What is a CBDC?
- How is a CBDC different from existing electronic money in my bank account?
- How is a CBDC different from cryptocurrency?
- Benefits of CBDC the Central Bank
- Wholesale vs. Retail CBDC
- Benefits and Risks of Retail CBDC
- Different models for Retail CBDC
- How are different countries approaching CBDCs
Speaker: Ritesh Chandra
Ritesh is a seasoned banker with over 14 years of experience in credit and risk management and currently works as President of a leading private sector bank. Prior to that, he was in IT consulting and had worked in a variety of roles in India, China and Canada. Passionate about teaching, he has been conducting workshops and training programs for the last 6 years. His areas of interest are credit risk, quantitative finance and statistical learning. Ritesh is a PGDM from IIM Calcutta and B.Tech. from IIT Kanpur. He is also a Member of the Board of Studies (in the area of Finance Management) at IMT-CDL, Ghaziabad.
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