There has been significant innovation within payments and accelerated development of new forms of digital money, including public (CBDC) and private initiatives. There could be advantages to promoting broader mutual collaboration to design a unified approach for the future of regulated money in the UK, where all digital pounds are sufficiently smart and interoperable. Such collaboration would enable consumers and businesses to choose to use regulated money as their preferred store of value and preferred medium of exchange in today’s markets and new, emerging digital markets.

The RLN concept encompasses an idea for a shared multi-asset ledger for sovereign regulated money (central bank, commercial bank, and e-money). The RLN is envisaged as a future platform for innovation and it could enable the use of tokenised deposits, programmable payments, and other new functionality.

This RLN 101 webinar will provide an overview of the experimentation phase project now underway. The webinar is particularly aimed at fintechs and innovators who might in the future choose to innovate off the RLN platform. The webinar will provide more information about an Innovator Day to be held in May, where firms can hear more about opportunities for further experimentation, and the project will hear what features are most important to the innovator community.

Jana Mackintosh

Jana Mackintosh

Managing Director, Payments, Innovation and Resilience , UK Finance

Jana is the Managing Director for Payments, Innovation and Resilience at UK Finance where she leads discussions on payments, fintech and digital agend...

Jana is the Managing Director for Payments, Innovation and Resilience at UK Finance where she leads discussions on payments, fintech and digital agendas. Before joining UK Finance, she was head of the Worldpay (then FIS) Global Government Affairs team, shaped competition and regulatory policies at the Financial Conduct Authority and Payments Systems Regulator and prior to that supported companies across public and private sectors globally through her various roles. She has added commercial credentials delivering and implementing policies in practice, holds several board positions and works with a number of charities.

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Rhiannon Butterfield

Rhiannon Butterfield

Principal Policy Advisor, UK Finance

Rhiannon joined UK Finance's predecessor in 2010. Rhiannon is a Principal in Policy responsible for payments and cash policy. She currently manages th...

Rhiannon joined UK Finance's predecessor in 2010. Rhiannon is a Principal in Policy responsible for payments and cash policy. She currently manages the Cash Services unit, which coordinates the industry on operational cash issues. She also provides thought leadership on policy issues to support the UK Finance objectives in respect of the business, operational and technical aspects of regulation, government requirements and market innovations in payments and cash more generally. She has previously led work on Open Banking, SEPA, Government Engagement with the payment systems, Digital ID, and card payments.

Prior to joining UK Finance, Rhiannon completed an MPhil at Cambridge. She has also worked for an MP and as a researcher for a global hedge fund.

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Peter Left

Peter Left

Head, Digital Assets and Innovation, Lloyds

Peter Left acts as Head of Prudential Liquidity Management at Lloyds’ ring-fenced bank group and has over 17 years of financial markets experience in ...

Peter Left acts as Head of Prudential Liquidity Management at Lloyds’ ring-fenced bank group and has over 17 years of financial markets experience in front office trading, working on derivatives trades, structuring, money markets and repo sales. Peter now leads the treasury element of Lloyds Banking Group’s work on digital money & assets, exploring robust future funding and business strategies.

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Tony McLaughlin

Tony McLaughlin

Emerging markets and business, Citi

Tony McLaughlin is responsible for Emerging Payments and Business Development in Citi’s Treasury and Trade Solutions (TTS) business. He works on the f...

Tony McLaughlin is responsible for Emerging Payments and Business Development in Citi’s Treasury and Trade Solutions (TTS) business. He works on the future of money and the product-market fit between regulated finance and the modern digital economy. His core interest is to ensure that Citi solutions and the wider banking industry meet the emerging payment and settlement needs of digital native commerce.

He provides advice on the future of digital payments to Governments, Regulators, Fintechs, Big Techs, Multi-national Corporates and Financial Institutions and is the originator of the ‘Regulated Liability Network’ concept that explores the application of shared ledger technology to the sovereign currency system:

He joined Citi in 2004 and has been Cash Management Head for Asia Pacific based in Hong Kong and the Global Transaction Services Head for the United Kingdom, spearheading Citi’s engagement with large public sector clients and payment aggregators. Tony was responsible for the design and development of ABN AMRO’s Third Party Continuous Linked Settlement (CLS) offering, core electronic banking platform and Transactional Foreign Exchange solution.

At HSBC Holdings, he fulfilled a global strategy role for the Payments and Cash Management business, helping to set the five-year strategy. Before that he was a Senior Product Manager for Barclays Bank with responsibility for electronic collections products including International Direct Debits.

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Lee Braine

Lee Braine

Managing Director, Chief Technology Office, Barclays

Lee Braine is a Managing Director in the Chief Technology Office at Barclays. He is the Distinguished Engineer for Advanced Technologies and his team ...

Lee Braine is a Managing Director in the Chief Technology Office at Barclays. He is the Distinguished Engineer for Advanced Technologies and his team drives Barclays’ technology engagement in distributed ledgers, digital currencies including central bank digital currencies, new post-trade standards, quantum computing and optical computing.

He is a member of several industry committees including the Bank of England’s CBDC Technology Forum and ICMA’s FinTech Advisory Committee. He is the author of technology research papers and is a regular conference speaker.

Lee’s background is in investment banking, clearing and settlement, stock exchanges, corporate banking, and payments. Lee has a First Class BSc and PhD in Computer Science from University College London.

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Ekaterina Marshall

Ekaterina Marshall

Vice President, Treasury, Barclays

Ekaterina works in Treasury at Barclays, focusing on Digital Assets/Money and Sustainability. She actively engages in industry initiatives (such as U...

Ekaterina works in Treasury at Barclays, focusing on Digital Assets/Money and Sustainability.

She actively engages in industry initiatives (such as UK Regulated Liability Network) and publications (such as UK Finance report on CBDC implications) on these topics. Ekaterina previously worked in Planning and Stress Testing, including on such deliverables as Group Recovery Plan and Funding in Resolution.

She studied Chemical Engineering at the University of Cambridge.

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  • Fintechs and innovators
  • External stakeholders, including regulators and government
  • UK Finance members
  • Representatives from the financial services community
  • Technologists
  • Policy makers
  • Legislators with an interest in the future of regulated money