My name is John Power and I am the Director of the Bank’s Centre for Central Banking Studies. I am joined by Andy Haldane, the Bank’s Chief Economist and today we would like to launch our international seminar programme for 2021. We also want to tell you about our strategy. We hope that by the end of our short message you will be enthused to check out the rest of our website and sign up for some of our seminars next year.
So, getting into the detail, I have three messages for you.
First, we are open for business despite the global pandemic; in fact, Covid patently strengthens the case for technical co-operation and the sharing of knowledge in our community. Now, like everyone, we have had to adapt. Therefore, in all likelihood our programme for next year will be delivered virtually. This has its drawbacks, we have all experienced zoom fatigue over the past year, but rest assured we are getting better at delivering through the technology and you know what, I am really excited that in 2020, despite the situation we have had far more participants than we normally do from all over the world.
Secondly, over the past year we have thought hard about what we do, why we do it and have subsequently evolved our programme. In a nutshell, we want to equip central bankers and financial regulators with the expert skills needed to deal with the challenges our community faces. Now, unashamedly we do this to promote global, economic and financial stability as well as UK development objectives. So, simply, a safer world means a safer United Kingdom. We achieve this in part by sharing our knowledge in areas where we think we have useful practical, technical expertise. So, one part of our prospectus focusses on cutting edge analytics and toolkits, we hope you will benefit as well as our own people at the Bank of England. But we also operate in those frontier or emerging areas of central banking and financial regulators, so the current priorities and the hot topics that are high on our shared agenda, like, the response to Covid, managing risks from climate, the future of payments as well as important research areas like the monetary policy toolkit. Here we want to discuss our views with you but we really also want our thinking to be informed by your views and frankly to be challenged by them, so we can push the knowledge frontier together. So you’ll see a mixture of things in our programme.
My third point is that this is a living programme. Obviously we may need to amend our activities if circumstances change, but more positively we also want to hear from you on the types of issues that you may like to see covered either this year or further out.
Finally, before I hand over to Andy, if you are interested in more formal training opportunities, the Bank and Warwick University have developed an online master’s qualification in global central banking and financial regulation. It too is open for business and all the details are available on our website.
Thanks John. My name is Andy Haldane, I am the Chief Economist here at the Bank of England. For 30 years now, the Centre for Central Banking Studies has been leading the line when it comes to developing international thinking, international co-operation, and international technical expertise on all issues to do with central banking. This year has challenged central banks and many many other people as never before, and never before has the case been greater for the international sharing of experiences of international collaboration and of international thinking. Crises call for leadership and among that, in particular, intellectual leadership and that is something CCBS has been providing for the past 30 years. It is also deeply embedded in the CCBS's programme for 2021. The Covid crisis has thrown out some wholly new challenges that will require intellectual leadership, for example, how best do we change and re-orient monetary and financial stability policies in the light of the pandemic. Looking ahead, there are some new, important, ambitious, and fundamentally important questions around issues such as central bank digital currencies. All of those issues and more besides are contained in the programme for 2021 for CCBS.
But of course, an equally important part of that programme is the Covid crisis has been a global problem and will require global solutions. Therefore, this time, this year in particular, we are looking for the CCBS programme to be fully inclusive of all countries and all central banks right around the world, so we can share the international thinking and arrive at some international solutions. So please do look at the programme, I hope you are as inspired by that as we are and John and I look forward to welcoming you to the Bank in 2021.