Tony McLaughlin is responsible for Emerging Payments and Business Development in Citi’s Treasury and Trade Solutions (TTS) business. He works on the future of money and the product-market fit between regulated finance and the modern digital economy. His core interest is to ensure that Citi solutions and the wider banking industry meet the emerging payment and settlement needs of digital native commerce.
He provides advice on the future of digital payments to Governments, Regulators, Fintechs, Big Techs, Multi-national Corporates and Financial Institutions and is the originator of the ‘Regulated Liability Network’ concept that explores the application of shared ledger technology to the sovereign currency system:
https://regulatedliabilitynetwork.org/
He joined Citi in 2004 and has been Cash Management Head for Asia Pacific based in Hong Kong and the Global Transaction Services Head for the United Kingdom, spearheading Citi’s engagement with large public sector clients and payment aggregators. Tony was responsible for the design and development of ABN AMRO’s Third Party Continuous Linked Settlement (CLS) offering, core electronic banking platform and Transactional Foreign Exchange solution.
At HSBC Holdings, he fulfilled a global strategy role for the Payments and Cash Management business, helping to set the five-year strategy. Before that he was a Senior Product Manager for Barclays Bank with responsibility for electronic collections products including International Direct Debits.
Workshop Room 1 (Level 3)
Decoding Digital Assets and Payments
The curation of content and speakers was wholly managed by G+D and does not reflect the views of the organisers or its staff.
Digital Public Infrastructure (DPI) is seen as a game changer for any society. It can accelerate economic growth, streamline citizens’ access to social services, and both broaden financial inclusion and dramatically extend engagement with the digital economy.
In its essence, DPI is an assembly of interoperable digital building blocks that lay down “digital rails” by establishing some fundamentals: the unique identity of people, a scalable flow of data between institutions, and a secure infrastructure for digital payments.
Payments is a critical field for DPI. For centuries, cash has fulfilled a fundamental role in societies as a public payment infrastructure. Today, the ability to send and receive money digitally has become an essential capability for individuals, societies, and economies.
In the digital economy, tokenised money might act as an enabler of DPI that can drive economic value while enhancing the public welfare. But what should the roles of the public and private sectors be for a successful payment DPI? Which recipes can ensure interoperability of the ecosystem to support seamless flow of digital currencies? What are the important lessons learned from north star DPI projects? This session will seek to answer these questions.
Roundtable Room 1 (Level 2)
Decoding Digital Assets and Payments
This roundtable reflects Elevandi’s commitment to developing the infrastructure to support the adoption of new technologies. Following on from the 2023 Point Zero Summit debate, “Who Will Emerge the Digital Money Winner: Stablecoins or Tokenised Deposits?”, the Insight's Forum saw a public-private roundtable consider the Rules to power a stablecoin driven economy
As digital assets are gaining importance, stablecoins, tokenised bank deposits and deposit tokens promise the facilitation of payments. At the same time, regulatory bodies and standard setters of financial markets have identified a number of issues which call for close attention.
Operating within the theme of Decoding Digital Assets and Payments, this roundtable looks at the international regulatory landscape for stablecoins, tokenised bank deposits and deposit tokens and focusses on ‘lessons learned’ from ongoing regulatory initiatives worldwide. What is needed to reconcile the promise of innovation with the need for sound regulation? What regulations are sensible from a financial stability and monetary policy perspective?
This is one of two discussions surrounding stablecoins which brings together views on this issue from regulators, standard setters, stablecoin issuers, commercial banks and academics at the Insights Forum. Find out more at the "Stablecoins in the monetary system of the future" session, which aims to provide guidance to regulators, support commercial banks in adapting to the evolving landscape, and encourage FinTech innovation alongside stablecoins.
Attendees who wish to familiarise themselves with the topic may refer to the reference materials below.
- Stablecoins or tokenised deposits
- Rules to power a stablecoin driven economy