Introduction
This course will provide an in-depth understanding of the legal and regulatory frameworks for Central Bank Digital Currencies (CBDCs) and how they relate to monetary policy, financial stability, and consumer protection. It will explore the various legal and regulatory challenges that CBDCs present and the potential solutions to these challenges through the analysis of real-world case studies, with a focus on the legal considerations for central banks.
Training Objectives
- Understand the legal and regulatory frameworks for Central Bank Digital Currencies (CBDCs) and how they relate to monetary policy, financial stability, and consumer protection.
- Analyze the various legal and regulatory challenges that CBDCs present and the potential solutions to these challenges.
- Understand the legal characteristics of different types of CBDCs and their implications for central banks.
- Understand international standards and best practices for CBDCs from a legal perspective.
- Analyze real-world case studies of CBDC projects and understand the legal considerations and measures taken by central banks.
- Understand the legal implications of CBDCs on financial stability and consumer protection.
- Develop the ability to identify legal opportunities and challenges of CBDCs and recommend solutions.
- Understand the future directions for CBDCs and legal and regulatory frameworks.
Competencies Gained
By the end of the course, participants should be able to:
- Analyze and understand the legal and regulatory implications of CBDCs and develop the ability to advise central banks on legal matters related to CBDCs.
- Comprehensive understanding of the legal aspects of CBDCs for lawyers working in central banks, with the ability to analyze real-world cases
- Make recommendations for legal measures to mitigate risks and challenges.
Methodologies
The course includes interactive activities such as debates, quizzes, and role-playing exercises to enhance the learning experience. Additionally, this course could be delivered online or in person and could be offered as a standalone course or as part of a broader program in central banking, finance, or the law.
Target Audience
It is intended for:
Lawyers who are involved in the legal aspects of CBDCs in central banks, such as those working on CBDC projects, advising on legal and regulatory issues, or developing legal frameworks for CBDCs.
This course may also be beneficial for other professionals working in central banks who have a legal background or are involved in CBDC projects, such as:
- Economists,
- Technologists
- Compliance professionals.
- Lawyers working in other financial institutions, regulators, and academics who have an interest in CBDCs and the legal and regulatory challenges they present.
Course Outline:
Introduction to CBDCs
- Overview of CBDCs and their potential uses from a legal perspective
- Different types of CBDCs and their legal characteristics
- Current state of CBDC development around the world and legal implications
- Guest lecture from a central bank representative to provide insights on the institution's CBDC project from a legal perspective
Monetary Law and CBDCs
- Impact of CBDCs on monetary policy from a legal perspective
- Legal and regulatory frameworks for CBDCs
- International standards and best practices for CBDCs from a legal perspective
- Case study: Analysis of the legal and regulatory framework of a country that has launched a CBDC, with a focus on the legal considerations for the central bank
Financial Stability and CBDCs
- Impact of CBDCs on financial stability from a legal perspective
- Potential risks and challenges related to CBDCs from a legal perspective
- Solutions to mitigate risks and challenges from a legal perspective
- Case study: Analysis of the potential risks and challenges of a specific CBDC project and the legal measures taken to mitigate them
Consumer Protection and CBDCs
- Legal and regulatory frameworks for consumer protection in relation to CBDCs
- Potential risks and challenges for consumers from a legal perspective
- Solutions to mitigate risks and challenges for consumers from a legal perspective
- Case study: Analysis of a specific CBDC project and its legal measures to protect consumers
Conclusion and Future Directions
- Summary of key takeaways from the course from a legal perspective
- Future directions for CBDCs and legal and regulatory frameworks
- Interactive group discussion on the legal opportunities and challenges of CBDCs
About Rome
As cosmopolitan and diverse as it is rooted in its own history, Rome is one of the premier tourist destinations in the world. Featuring some of the best restaurants on the continent, some of the most iconic historic sites in Europe, the city is widely regarded as one of the most exciting and dynamic places to visit anywhere. The center of the Renaissance, the city houses some of the most famous works of art in the world and remains an important cultural hub to this day. Famous for art, fashion, it's delicious local cuisine, and superbly preserved monuments, Rome truly offers something for everyone.
Things to do and places to visit in Rome
When disembarking, the first thing that can prove pleasantly challenging is deciding on what to do first! An exceptional array of hotels and inns are available to any weary traveler, as are a superb range of restaurants for those wanting to relax surrounded by the hustle and bustle of Rome in the evening. You can spend the day walking streets steeped in history, visiting galleries that contain works by Caravaggio and Michelangelo or exploring the awe-inspiring Colosseum. The city contains many beautifully maintained parks and gardens, as well as a vast collection of beautiful churches and cathedrals, ensuring that a trip to Rome will be a memorable experience for anyone.
Things to do when taking flights to Rome include:
- Standing inside the magnificent Colosseum.
- Gazing in awe at the stunning Castel Sant'Angelo.
- Visiting the incredible Pantheon, one of the best-maintained buildings from the Roman era.
- Stopping at the center of the Piazza del Popolo, one of the most beautiful squares in Europe.
- Walking the beautiful gardens of Villa Borghese.
- Admiring the vast, intricately carved Column of Marcus Aurelius.
- Wandering the Forum Romanum, ruins from the Ancient Roman period.
- Exploring some of the greatest art collections in Europe.
- Crossing the river on the remarkably-constructed Bridge of Angels.
- Sampling the world famous local cuisine.