3rd International Conference on Payments and Securities Settlement

June 12-13, 2025

AUGUST 2-3

June 12-13, 2025

NO TRAVEL NEEDED

Ottawa, Canada

LEARN & NETWORK

Learn & Network

About the Event

This conference, organized in partnership with the Deutsche Bundesbank, aims to foster discussions between academics and policymakers on issues related to the generation, governance and use of payments and securities settlement information.

Agenda


Thursday, June 12

12 June, 2025 08:45 to
09:10

Registration and Continental Breakfast

12 June, 2025 09:10 to
09:25

Welcome and opening remarks

12 June, 2025 09:30 to
11:45

Session 1: Settlement in (de)centralized systems

"Zero settlement risk token systems"

By: Michael Junho Lee (FRBNY), Antoine Martin (SNB) and Robert Townsend (MIT)

Discussant: Jonathan Chiu (Bank of Canada)

"Private settlement in blockchain systems"

By: Motahhareh Moravvej-Hamedani and Alfred Lehar (both University of Calgary)

Discussant: Martin Diehl (Deutsche Bundesbank)

"Optimal policy for financial market tokenization"

By: Itai Agur and Alexander Copestake (both IMF)

Discussant: Thorsten V. Koeppl (Queen's University)

12 June, 2025 11:45 to
13:30

Lunch

12 June, 2025 13:30 to
15:00

Session 2: Panel Discussion on System Design and Cross-Border Payments Outcomes

Panelists:

Odalis Marte (SECMCA)

Priscilla Koo Wilkens (BIS)

Agnija Jekabsone (IMF)

Moderator:

Scott Hendry (Bank of Canada)

12 June, 2025 15:30 to
17:45

Session 3: Large Value Payment Systems

"Unleashing international trade through financial integration: Evidence from a cross-border payment system"

By: Gustavo Cortes (University of Florida), Lucas A. Mariani (Bocconi) and Vinicios Sant'Anna (MIT)

Discussant: Philip Bergmann (Deutsche Bundesbank)

"Payment fragility and central queueing arrangements"

By: Manuel Capel and Thomas Nellen (both SNB)

Discussant: Narayan Bulusu (Bank of Canada)

"Substitution between RTGS and Instant Payment Schemes: The Impact of the 2022 Faster Payments transaction limit increase on CHAPS payment volume"

By: James Duffy and James Sanders (both Bank of England)

Discussant: Ajit Desai (BIS)

12 June, 2025 18:30 to
20:30

Dinner

by invitation only

Friday, June 13

13 June, 2025 08:00 to
08:25

Continental Breakfast

13 June, 2025 08:30 to
10:45

Session 4: Payments Data and Privacy

"CardSim: a Bayesian simulator for payment card fraud detection research"

By: Jeffrey Allen (Board of Governors)

Discussant: Matti Hellqvist (Bank of Finland)

"Banking on deposit relationships: Implications for hold-up problems in the loan market"

By Jin Cao (Norges Bank), Emilia Garcia-Appendini (Norges Bank), and Cédric Huylebroek (KU Leuwen)

Discussant: Yuteng Cheng (Bank of Canada)

"Privacy-enhanced payment systems"

By: Agostino Capponi (Columbia), Michael Junho Lee (FRBNY), and Brian Zhu (Columbia)

Discussant: Itai Igur (IMF)

13 June, 2025 11:15 to
12:45

Session 5: Payments Technology Innovations - Adoption and Consequences

"Making stablecoins stable(r): Can regulation help?"

By: Tirupam Goel (BIS), Ulf Lewrick (BIS), and Isha Agarwal (UBC)

Discussant: Vera Lubbersen (De Nederlandsche Bank and Vrije University Amsterdam)

"Digital payments and monetary policy transmission"

By: Pauline Liang (Stanford), Matheus Sampaio (Northwestern), Sergei Sarkisyan (Ohio State)

Discussant: Martin Kuncl (Bank of Canada)

13 June, 2025 12:45 to
12:55

Closing Remarks


Accessibility

We strive to provide each participant with a positive experience and a barrier-free environment. Should you require any form of accommodation, please contact us to let us know how we can best support you.

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