December 2022 Policy Update – with Brunello Rosa, CEO of Rosa & Roubini

Share This Interview

Watch December’s policy updates where Riccardo Tordera, Head of Policy & Government Relations at The Payments Association talks with Brunello Rosa, CEO of Rosa & Roubini.

Brunello and Riccardo spoke back in June about the macroeconomic case for CBDCs, and this time they talk about private money, in particular stablecoins, as Riccardo seeks to get Brunello’s opinion of what stablecoins can do for the British economy.

Brunello begins by reiterating that most of the money in circulation is not public money, but is bank created, and shares his beliefs that this will also be the case when we move to digital currencies, stating that the commercial banks will be the ones distributing digital money to the general public rather than the central banks doing so.

Brunello then takes a look at the similarities between the success of e-money and what could come of stablecoins in the UK. Assuming commercial banks could distribute their own stablecoin, he imagines it will go in one of two directions. Either a “narrow banking” route where the stablecoins will be backed by short-term assets, or a route where banks will be able to introduce stablecoin lending on a much larger scale.

Watch the rest of the interview where they discuss the future of stablecoins in the UK.

For more information or if you wish to contribute to our policy work, please email [email protected].

Subscribe to The Payments Association’s YouTube channel for more policy updates, interviews and exclusive content.

Membership

Merchant Community Membership

Are you a member of The Payments Association?

Member benefits include free tickets, discounts to more tickets, elevated brand visibility and more. Sign in to book tickets and find out more.

Welcome

Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.

Having trouble signing?

We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.

First things first

Have you set up your Member account yet? If not, click here to do so.

Still not receiving your auto-login link?

Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.

Please click the button below which relates to the issue you’re having.

I didn't receive an e-mail

Tip: Check your spam

Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association

Tip: Check “other” tabs

Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.

Tip: Click the link within 60 minutes

For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.

Tip: Only click once

The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.

Tip: Delete old login e-mails

Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.

Tip: Check your security policies

Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.

Need to change your e-mail address?

For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.

Still got a question?