Denise Garcia Ocampo is a Senior Advisor at the Financial Stability Institute of the Bank for International Settlements (BIS), where she contributes to activities related to digital innovation in financial services.
Her recent publications include the analysis of policy and regulatory responses to cryptoassets, stablecoins and DeFi, as well as the supervison of cryptoassets for anti-money laundering.
Additionally, Denise co-leads the BIS Fintech Repository initiative and chairs the IAIS Fintech Forum subgroup on DLT.
Prior to joining the BIS in 2018, Denise held various roles at the Insurance and Surety National Commission of Mexico including Head of Research and Development. She holds a degree in administration from the Instituto Tecnológico Autónomo de México and a diploma in public administration from the Instituto Nacional de Administración Publica, Mexico.
Roundtable Room 1, Sands Expo & Convention Centre, Level 4
Invite-Only
This roundtable is the fourth phase of an ongoing dialogue focused on crafting open and interoperable networks within the financial ecosystem.
Stablecoins, a rapidly growing subset of crypto assets, are gaining significant traction in the global financial system. Positioned as the bridge between traditional finance and the world of cryptocurrency, their stable value – achieved through pegging to fiat currencies – makes them pivotal in driving mainstream adoption of digital assets.
The global market capitalisation of stablecoins stood at approximately USD $172 billion as of September 2024. The major stablecoin players collectively represent about 93% of this market, highlighting the concentrated nature of this market. As stablecoins become increasingly embedded into the global financial infrastructure, there is a critical need for robust regulatory frameworks and best practices to ensure stability and mitigate potential distributions to the broader financial system.
In this roundtable, we bring together policymakers and industry participants to discuss:
- Best practices for issuers of fiat-backed stablecoins, focusing on transparency, consumer protection, reserve management and regulatory compliance.
- Key considerations for enterprise users of fiat-backed stablecoins, including tax considerations, custody, and technical implementation.
- Importance of establishing comprehensive regulatory frameworks to ensure stability, mitigate risks, and protect users from potential disruptions in the financial system.
- Encourage collaboration among stablecoin issuers, regulators, financial institutions, and users to create a cohesive ecosystem that supports sustainable growth in the stablecoin market.
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