Desmarais Global Finance Lecture: Central Bank Digital Currencies and Alternative Payment Systems
Date: Wednesday, September 28, 2022
$800.00 – $1,000.00
Registration is available now for you to join GIC in Montreal at the Desautels Faculty of Management at McGill University on September 28, 2022!
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Event Detail
Desmarais Global Finance Lecture: Central Bank Digital Currencies and Alternative Payment Systems
The Global Interdependence Center’s College of Central Bankers is partnering with the Desmarais Global Finance Research Centre at the Desautels Faculty of Management at McGill University for the upcoming Desmarais Global Finance Lecture on September 28, 2022. Our presenters will include leading financial researchers, and policy and decision makers, in addition to our keynote speaker, Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance of the Graduate School of Business, Stanford. We invite you to join us to explore Central Bank Digital Currency (CBDC) and other timely topics.
Included with registration, GIC Members are invited to a private reception & dinner at Bar George immediately following the conference.
Agenda
8:30 a.m. | Registration and Coffee
9:00 a.m. | Welcoming Remarks
- Yolande E. Chan, Dean of the Desautels Faculty of Management
- William Kennedy, GIC Board Chair and CEO, RiskBridge Advisors, LLC
9:15 a.m. | Morning Keynote: CBDCs from a Functional Perspective
- Miguel Diaz, Head, BIS Innovation Hub, Toronto
9:45 a.m. | Coffee Break
10:00 a.m. | Academic Session: Will Central Bank Digital Currency Disintermediate Banks?
- Yufeng Wu, Associate Professor of Finance, Shebik Faculty Fellow, Gies College of Business, University of Illinois at Urbana-Champaign
- Discussant: Alfred Lehar, Associate Professor of Finance, Haskayne School of Business, University of Calgary
10:45 a.m. | Coffee Break
11:00 a.m. | Academic Session: Best Before? Expiring Central Bank Digital Currency and Loss Recovery
- Maarten van Oordt, Associate Professor, School of Business and Economics, Finance, VU Amsterdam.
- Discussant: Katrin Tinn, Assistant Professor of Finance, Desautels Faculty of Management, McGill University
11:45 a.m. | Lunch at the McGill Faculty Club
1:00 p.m. | Afternoon Keynote: CBDCs and Other Ways to Upgrade Our Payment Systems
- Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance at the Graduate School of Business, Stanford University
1:45 p.m. | Afternoon Keynote: Panel Discussion
- Paul Chilcott, Advisor to the Governor, Bank of Canada
- Miguel Diaz, Head, BIS Innovation Hub Toronto
- Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance at the Graduate School of Business, Stanford University
- Moderator: Brian Gelfand, Senior Advisor, Digital Assets and Financial Market Infrastructure Lead, E&Y
2:30 p.m. | Coffee Break
2:45 p.m. | Final Panel: Outlook & Perspectives
- Jim Cunha, Executive Vice President of Secure Payments and FinTech at the Federal Reserve Bank of Boston
- Adrian Docherty, Head of Bank Advisory, BNP Paribas
- Glenn Goucher, Executive Advisor, Tetra Trust Company, former President of CDS and CDCC
- Moderator: Kathleen Stephansen, Chair Emeritus of GIC, Senior Economist for Haver Analytics, and Trustee of EQAT Trust Funds
3:30 p.m. | Closing Remarks
- Lisa McIntire-Shaw, Vice Chair of Programs of GIC and Founding Partner of Cygnus Asset Management, LLC
- David Schumacher, Associate Professor of Finance, Desautels Faculty Scholar, Director, Desmarais Global Finance Research Center, Desautels Faculty of Management, McGill University
Travel and Covid Details
Guests traveling from outside of Canada must use ArriveCAN to provide mandatory travel and public health information before and after your entry into Canada. Click here to download the app.
Click here for Coronavirus regulations and information at McGill University.
About the College of Central Bankers: The Global Interdependence Center’s College of Central Bankers provides a platform for former leaders of the world’s central banks and similar institutions to share their unique combination of hands on experience and continued thought leadership on important global issues facing economies and effecting the quality of life. We invite you to please click here for more information on the College and its Fellows. The College and its membership operates within the GIC umbrella and with GIC’s administrative support.
Event Location
Address:
The Donald E. Armstrong Building, Desautels Faculty of Management, McGill University, Room 370
3420 Rue McTavish, Montréal, QC H3A 0E2, Canada
Speakers
Darrell Duffie, Ph.D.
Adams Distinguished Professor of Management and Professor of Finance of the Graduate School of Business, StanfordDarrell Duffie is the Dean Witter Distinguished Professor of Finance at Stanford University’s Graduate School of Business. He is a fellow and member of the Council of the Econometric Society, a research fellow of the National Bureau of Economic Research, and a fellow of the American Academy of Arts and Sciences. Duffie was the 2009 president of the American Finance Association and chaired the Market Participants Group in 2014.
Yolande E. Chan, Ph.D.
Dean of the Desautels Faculty of Management, McGill UniversityDr. Yolande E. Chan joined McGill University’s Desautels Faculty of Management as Dean and James McGill Professor in August 2021.
Paul Chilcott, Ph.D.
Advisor to the Governor, Bank of CanadaPaul Chilcott was appointed Advisor to the Governor in 2015. In this role, Mr. Chilcott focuses on payments system and financial market issues. He coordinates the Bank’s involvement in the modernization of Canada’s national payments systems and leads the Bank’s work on central bank digital currencies.
Jim Cunha
Senior Vice President, Treasury And Financial Services Group, Federal Reserve Bank of BostonJim Cunha is senior vice president of the Treasury and Financial Services Group at the Federal Reserve Bank of Boston.
Miguel Díaz, Ph.D.
Head of Toronto Centre, BIS Innovation HubMr. Díaz has guided the development, operation, analysis and regulation of financial market infrastructures in Mexico, including the modernisation of the country's primary payments system.
Adrian Docherty
Head of Bank Advisory, BNP Paribas, IACPMAdrian Docherty leads the Bank Advisory team at BNP Paribas, which provides key relationship bank clients with technical sector expertise and help on strategic financial issues relating to balance sheet management and efficiency.
Brian Gelfand
Senior Advisor, EY CanadaBrian Gelfand is the Digital Assets and Financial Markets Infrastructure Lead for EY Canada. He has more than 25 years of experience in financial markets regulation and financial market infrastructure, including leadership roles in derivatives market operations, derivatives market regulation and supervision, and securities and derivatives clearing and settlement. His experience spans all aspects of markets and post-trade services, from high level policy and strategy to initiative leadership and execution.
Glenn Goucher
Executive Advisor, Tetra Trust CompanyGlenn spent almost two decades as part of the Canadian financial market infrastructure community, including most recently acting as President of both CDS and CDCC, which are responsible for the clearing, settlement and depository functions for the Canadian security, listed derivative and repo markets.
William Kennedy
GIC Board Chair and CEO, RiskBridge Advisors, LLCWilliam Kennedy is the co-founder, CEO, and Chief Investment Officer of RiskBridge Advisors, an independent, full-service investment office serving insurers, endowments and foundations, and individual investors. He is responsible for RiskBridge’s business and investment activities and has over 30 years of capital market research and investment experience.
Alfred Lehar, Ph.D.
Associate Professor of Finance, University of Calgary Haskayne School of BusinessAlfred is associate professor in the finance area. He has been teaching at the Haskayne School of Business since 2005. He received an undergraduate degree and a PhD from the University of Vienna. Prior to Joining Haskayne, Alfred held positions at the University of Vienna and the University of British Columbia.
Lisa McIntire Shaw
Founding Partner of Cygnus Asset Management, LLCLisa McIntire Shaw is a founding partner of Cygnus Asset Management, LLC based in Charlotte, NC. She has more than 30 years of experience in the financial arena. Her areas of special interest include international markets; charitable trusts; strategic wealth preservation; and domestic, corporate, government and municipal bonds.
David Schumacher, Ph.D.
Associate Professor of Finance, Desautels Faculty Scholar, Director, Desmarais Global Finance Research Center, Desautels Faculty of Management, McGill UniversityDavid Schumacher is an Associate Professor in the Finance Area at the Desautels Faculty of Management. His research is primarily concerned with themes in global investment management, including the portfolio choice and performance of international institutional investors, the financial market implications of the rise of large asset management firms as well as the overall industrial organization of the global investment management industry.
Kathleen Stephansen
GIC Chair Emeritus, Senior Economist for Haver Analytics and Trustee of EQAT Trust FundsKathleen Stephansen is GIC Chair Emeritus, Senior Economist for Haver Analytics and Trustee of EQAT Trust Funds. She is the former Chief Economist of Huawei Technologies, Chief Economist of the American International Group (AIG) and AIG Asset Management’s Senior Strategist and Global Head of Sovereign Research. Prior to joining AIG in 2010, Kathleen was Chief Economist at Aladdin Capital Holdings, Credit Suisse’s Head of Global Economic Research, and Donaldson, Lufkin and Jenrette Securities Corporation’s co-head of Fixed Income economic research and Chief International Economist.
Katrin Tinn, Ph.D.
Assistant Professor of Finance, McGill University, Desautels Faculty of ManagementKatrin Tinn's research focuses on theoretical modelling, technological innovation, financial economics, information economics. Her most recent work is on FinTech: the role of crowdfunding and distributed ledger technologies (blockchain) in raising external capital and facilitating learning about future demand, and on central bank digital currency design.
Maarten van Oordt, Ph.D.
Associate Professor, School of Business and Economics, Finance,VU AmsterdamMaarten is associate professor at the department of Finance of the Vrije Universiteit Amsterdam. Prior to his work at the VU, Maarten worked as a Research Advisor at the Banking and Payments Department at the Bank of Canada to mentor a team of talented young research economists that advised the Bank on cryptocurrencies and central bank digital currency (CBDC).
Yufeng Wu
Associate Professor of Finance and Shebik Faculty Fellow, Gies College of Business, University of Illinois at Urbana-ChampaignYufeng Wu is an Associate Professor of Finance, and the Shebik Faculty Fellow at Gies College of Business, the University of Illinois at Urbana-Champaign. Wu’s primary areas of research are empirical corporate finance and financial intermediaries.
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