Sasha Mills is Executive Director of Financial Market Infrastructure. Sasha advances our work to protect the UK economy by keeping the backbone of the financial system secure and reliable. This work ensures enhancing the stability and resilience of FMIs through risk-based, forward looking supervision. She also provides intellectual and policy leadership to both the international and domestic regulation of payments and stablecoins, and to the development of international policy on the role of margin. Sasha represents the Bank on the CPMI (Committee on Payments and Market Infrastructures) and CPMI IOSCO (International Organization of Securities Commissions) and related international groups.
Previously she was the Executive Director of the Resolution Directorate, and led the Resolution Directorate’s important agenda since 2018. She was responsible for advancing the Bank’s work on making sure the financial system is stable, ensuring UK banks, building societies, investment firms and central counterparties can be placed in resolution if they fail. She was responsible for overseeing the recent successful delivery of the Bank’s first assessment of the major UK banks’ resolvability under the Resolution Assessment Framework, a significant policy and legislative agenda, and senior cross border resolution exercises. Sasha has been a leading member of FSB ResG and chair of its banking subcommittee.
Sasha joined the Resolution Directorate from our Prudential Policy Directorate, where she was Director of Cross Cutting and Insurance Policy. There she was responsible for policy that affects banks and insurers including structural reform; accounting and the capital framework; governance and individual accountability; disclosure; and policy strategy and implementation.
Sasha has extensive experience in regulation and central banking. She brings over thirty years of knowledge and understanding of financial markets to her role and has supervised some of the UK’s most systemically important firms.
Sasha takes a leading role in equity, diversity and inclusion issues and, having spent a significant part of her career working part-time, she is an advocate of flexible working.
Hall 2, Singapore EXPO
Premium
Stablecoins and tokenised deposits have both revolutionised the way we store and transfer value. Stablecoins bring about much needed stability to the agility and democracy of cryptocurrencies while tokenised deposits have brought the speed and efficiency of blockchain technology to traditional banking rails. However, the question remains: Which digital currency can best deliver payment utility for a variety of use cases while minimising associated risks? Tokenised deposits may benefit from the trust that depositors have in the established banking system, but are they quick enough to incorporate capabilities like programmability and interoperability? Fiat-backed stablecoins could offer more inclusive reach but at what cost – can the cryptocurrency industry mitigate risks comprehensively enough to hit critical mass in time to realise its full potential?
The debate will feature industry veterans from the crypto and banking sectors who will champion their native currency. Join us for an opportunity to hear arguments from our top experts and cast your vote to crown the ultimate digital currency winner on stage, live at the Singapore FinTech Festival.
The Festival
Global Platforms
Copyright © 2024 Elevandi Limited and Constellar Exhibitions Ventures Pte Ltd.