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Formal meeting (oral evidence session): Central Bank Digital Currencies

Economic Affairs Committee
Central Bank Digital Currencies

Tuesday 9 November 2021

Start times: 3.00pm (private) 3.00pm (public)


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On Tuesday 9 November 2021, the Lords Economic Affairs Committee will be taking evidence on the potential effect of central bank digital currencies (CBDC) on monetary policy and central banks.

In the first session, the Committee will hear from Patrick Honohan, Nonresident Senior Fellow at the Peterson Institute for International Economics and former Governor of the Central Bank of Ireland; and Eswar Prasad, Senior Professor of Trade Policy and Professor of Economics at Cornell University

In the second session, the Committee will hear from Jana Mackintosh, Managing Director for payments and innovation at UK Finance and Peter Randall, Principal at The Aurora Project.

 

Meeting details

At 3.00pm: Oral evidence
Inquiry Central Bank Digital Currencies
Non-residence Fellow at Peterson Institute for International Economics, and Former Governor at Central Bank of Ireland
Senior Professor of Trade Policy and Professor of Economics at Cornell University
At 4.00pm: Oral evidence
Inquiry Central Bank Digital Currencies
Managing Director at Payments and Innovation
Principal at Private Individual

Likely questions

Topics the committee is likely to cover in these sessions include:

  • CBDCs and the power and responsibilities of central banks
  • Advantages, if any, to early adopters of CBDCs
  • CBDCs and the transmission of monetary policy
  • The possible effects of CBDCs on the international monetary system
  • Retail CBDCs versus wholesale CBDCs
  • CBDCs and the possible impact on payments and innovation

 

More on this inquiry

The committee previously took evidence from Tom Keatinge, Director of the Centre for Financial Crime and Security Studies at theThe Royal United Services Institute (RUSI), Charlotte Hogg, CEO ofVisa Europe and Richard Brown, Chief Technology Officer at R3.

 

You can watch these evidence sessions on Parliamentlive.tv - Lords

Location

Room 3, Palace of Westminster

How to attend