Crisis Management Strategies for Central Bank Digital Currencies (CBDCs)

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As Central Bank Digital Currencies (CBDCs) gain momentum globally, they introduce new complexities in financial stability, cybersecurity, regulatory compliance, and public trust. A crisis—whether caused by cyberattacks, system failures, financial instability, or policy misalignment—can undermine confidence in CBDCs and disrupt national and global economies.

This program equips central bank executives, financial regulators, and risk management professionals with advanced crisis management frameworks, strategic risk mitigation techniques, and hands-on simulation exercises to navigate potential CBDC crises effectively.

Objectives

By completing this course, participants will:

• Identify key risks and vulnerabilities in CBDC implementation and operation.
• Develop a robust crisis response framework for digital currency disruptions.
• Enhance decision-making under high-pressure situations using real-world scenarios.
• Implement cybersecurity and fraud prevention strategies for digital currencies.
• Strengthen interagency coordination and stakeholder engagement during crises.
• Design effective public communication strategies to maintain confidence in CBDCs.

Who Should Attend?

This course is designed for:

• Central bank executives and senior policymakers managing CBDC frameworks.
• Financial regulators and monetary authorities overseeing digital currency policies.
• Risk management and crisis response professionals in financial institutions.
• IT and cybersecurity specialists responsible for CBDC security infrastructure.
• Legal and compliance officers navigating regulatory challenges in CBDCs.
• Economists and digital finance analysts researching financial stability risks.

Course Outline

Day 1: Understanding CBDC Crisis Scenarios and Risk Landscape

• Introduction to CBDCs and their role in financial systems.
• Identifying systemic vulnerabilities in CBDC implementation.
• Case studies: Historical financial crises and lessons for CBDC risk mitigation.
• Interactive Session: Mapping potential crisis scenarios for CBDCs.

Day 2: Cybersecurity Threats and Digital Fraud Prevention

• Common cyber threats targeting CBDCs (hacks, fraud, ransomware).
• Implementing blockchain security and encryption measures.
• Real-time fraud detection and risk management strategies.
• Workshop: Developing a CBDC cybersecurity incident response plan.

Day 3: Financial Stability Risks and Liquidity Management

• The impact of CBDCs on monetary policy and traditional banking systems.
• Managing liquidity risks, runs on digital currencies, and systemic disruptions.
• Interbank coordination in digital currency crisis situations.
• Case Study: International financial crises and digital currency implications.

Day 4: Regulatory and Policy Crisis Management

• Ensuring regulatory compliance and crisis response alignment.
• Cross-border challenges in CBDC crisis resolution.
• Interagency coordination for crisis response.
• Panel Discussion: Lessons from global regulatory bodies on crisis handling.

Day 5: Public Trust and Communication During a CBDC Crisis

• Managing public perception and investor confidence in a digital currency crisis.
• Effective media handling and stakeholder engagement.
• Crisis communication strategy for central banks.
• Simulation Exercise: Handling a high-profile CBDC crisis press conference.

Day 6: Technological Failures and Infrastructure Resilience

• Risks related to CBDC platform outages and technical failures.
• Developing disaster recovery and digital resilience strategies.
• Role of AI and automation in crisis prediction and management.
• Workshop: Designing a crisis resilience framework for CBDC platforms.

Day 7: Global Coordination and Future-Proofing CBDC Stability

• International coordination in managing cross-border CBDC crises.
• Best practices from leading economies in digital currency crisis handling.
• Scenario Planning: Future-proofing CBDCs against financial and technological crises.
• Final Capstone Session: Creating an executive crisis response roadmap.