Joaquín Almunia takes part in a workshop on ‘The Future of Money’ at IE Business School

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Joaquín Almunia, Chairman of the Board of Directors of CEPS (Centre for European Policy Studies) and former Vice-President of the European Commission, took part alongside other international experts in a workshop on “The Future of Money” held recently at IE Business School.

The overarching objective of the event was to examine key money-related issues, including the impact of new regulations and technologies in the field of payment services, new methods of payment, fintech trends, and the burgeoning potential of blockchain technologies.

The workshop was organized by IE with the participation of experts from Warsaw University,   Hochschule Aschaffenbourg, and Hochschule Kaiserslauten, under the aegis of the European Research Network in Payment Systems and Fintech. The event formed part of the Payments Drift Forums held in Poland in 2016 and Germany in 2017 designed to foster debate among corporate, institutional and academic spheres.

“The event served as the ideal platform for bringing together the different players involved in this process,” said Dr. Julio De Castro, Chair of the PhD Program and Professor of Entrepreneurial Management at IE. “Multiple companies from the sector took part, including not just new firms working to leverage business opportunities in this field, but also traditional banks and regulators from the European Commission, the European Central Bank, and the Bank of Spain. Panels were comprised of people responsible for drawing up and implementing regulations, like members of the European Commission and European Parliament. Their many visions have enabled a broad discussion on the future of money.”