Qaiser heads the Payment Services Policy Department in Bank Negara Malaysia (BNM). The department is responsible for the regulatory framework to drive the development of the payments industry and to preserve payment system stability as part of the central bank’s mandate. The department houses BNM's Digital Currency Research Hub which coordinates work on digital assets and central bank digital currencies. It has also been involved in multiple projects championed by the BIS Innovation Hub including Project Dunbar, Project Nexus and Project Mandala.
Prior to this, Qaiser led the Financial Surveillance Department in BNM, which is responsible for financial stability. He also spent a notable part of his career in BNM in the area of micro-prudential policy. Qaiser joined BNM in 1999, and between 2012 and 2015 served as a Senior Financial Sector Specialist with the Financial Stability Institute of the BIS.
Qaiser holds a bachelor’s degree in computer and management science from the University of Warwick, United Kingdom.
Roundtable Room 2 (Level 2)
Decoding Digital Assets and Payments
This roundtable considers the work that the BIS Innovation Hub Eurosystem Centre, Singapore Centre, together with the central banks of France, Italy, Malaysia, and Singapore are pursuing to determine how FX will look like in a world of digital money.
The discussion will support this work, with the objective to:
- Promote understanding and share insights on the integration of digital currencies in the FX market.
- Identify challenges and explore opportunities presented by the intersection of FX, DeFi, and wholesale CBDCs.
- Encourage collaboration among stakeholders to shape a forward-looking FX framework that accommodates digital innovations.
This roundtable is closely tied to the work on Project Rialto, which aims to improving instant cross-border payments using wholesale CBDC settlement, details of which are available in the agenda brief. Operating under the theme of Decoding Digital Assets and Payments, this roundtable will explore the inefficiencies in today's foreign exchange markets, and the various initiatives that are being pursued to address these.
Attendees who wish to familiarise themselves with the history of the topic may refer to the reference materials here.