I have the pleasure of presenting “What do CBDCs mean for derivatives law?” for the CFTC later today as part of the agency’s live Technical Advisory Committee proceedings. I’m now up at NOON and will discuss:
- Basics of CBDCs
- Stablecoins and cryptographic vs. legal claims
- The potential/theoretical usage of swaps as CBDC facilitators
- Questions arising for regulated FCMs in light of their brokerage activities
- Implications for custodians and clearinghouses
Here are my slides (plus dial-in details for listening in can be found here):