Episode 12 - The Outlook for Cefi, Defi and CBDC

Jan 26, 2023, 10:40 AM

Sean Kiernan interviews Keith Bear, Fellow, Centre For Alternative Finance, Judge Business School, University of Cambridge. Sean and Keith discuss whether the UK can develop an open banking approach to Central Bank digital currencies. And how fast is the UK progressing towards the digital pound?
Did the collapse of FTX signal the end of CEFI or centralized finance? And what are the lessons learned? Is a better way forward a greater convergence between traditional finance standards and decentralized finance tech innovation? And if so, where will that sort of convergence take place in practice?

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ABOUT KEITH
Keith is a Fellow at the CCAF, focused on research, industry collaboration and development of AI, Blockchain and Financial Technology in Banking and Financial Markets globally. Previously Keith was responsible globally for the strategy, development and execution of IBM’s business in Financial Markets, working extensively with global clients on major transformation programmes. In earlier roles, Keith led IBM’s capital markets consulting practice in the UK, worked as an Intrapreneur on multiple initiatives, and represented the industry in multiple Corporate Strategy and M&A activities.
Keith is a Board Advisor to 4 Fintechs, a lead mentor for the Barclay’s Techstars Fintech accelerator in London, and an Associate Partner at Elixirr Consulting Ltd. He is member of WEF’s Expert Council, a member of the London Metal Exchange Technology Advisory Panel, and a former Board Director for the Enterprise Data Management Council. Keith holds an MA (Hons) in Physics from Corpus Christi College, Oxford, an MSc in Particle Physics from University of London, and completed a Master in Business Management programme at London School of Economics.

HIGHLIGHTS
â–¶ How close are we to a live CBDC
â–¶ The outlook for crypto regulations
â–¶ The next technological changes in the banking industry

TIMESTAMPS
00:00:00 Intro
[00:01:36] Keith's background
[00:07:10] Update on the BOE’s CBDC committee
[00:09:12] Use cases of CBDC
[00:12:12] What more can we do at the national level?
00:14:20] Are we going to see a Digital Pound?
[00:17:45] What's the role of CeFi?
[00:20:17] Is there a space for regulated DeFi?
[00:23:58] Outro