Ep. 168: Executive Panel Session - Supervising the Next Wave: AI and Digital Assets
Toronto Centre PodcastsShow Notes
This panel took place at the 2025 International Monetary Fund and World Bank Group Annual Meetings.
The convergence of artificial intelligence and digital assets, including cryptocurrencies such as Bitcoin and stablecoins, is reshaping financial markets through decentralized finance, programmable money, and AI-driven trading strategies. While these developments promise efficiency and innovation, they also raise significant supervisory and financial stability challenges around market integrity, systemic risk, and cross-border oversight.
This panel explored how supervisors can harness AI to analyze blockchain data, monitor cryptocurrencies and stablecoins in real time, and anticipate market stresses, including those stemming from decentralized finance and autonomous smart contracts while addressing emerging risks such as cyber threats, privacy concerns, and regulatory arbitrage. It also considered the skills, tools, and global cooperation needed to future-proof supervisory frameworks as these technologies scale.
Panelists:
Denny H. Kalyalya, Governor, Bank of Zambia
Sarah Breeden, Deputy Governor, Financial Stability, Bank of England
Stefan Ingves, Chair, Toronto Centre
Moderator:
Jay Surti, Division Chief, Financial Supervision and Regulation, IMF
Read the transcript here. Read their biographies here. Listen to the podcast here.
Watch the executive panel here.
More from Toronto Centre Podcasts
In this podcast, Thomas Beloe of the United Nations Development Programme (UNDP) Sustainable Finance Hub explores how funding critical climate resilience, infrastructure, and social equity projects for developing nations is an urgent necessity.
In this podcast, Vladimir Radunović and Anastasiya Kazakova of Diplo discuss how cyber threats, AI, and geopolitical tensions are creating new risks for financial institutions and critical infrastructure.
Financial stability and national security are becoming increasingly interconnected.
In this podcast, Frank Lofranco, Deputy Commissioner, Supervision and Enforcement at the Financial Consumer Agency of Canada, examines the growing importance of consumer protection in today's financial system.
This new TC Note and podcast examines the role of enforcement powers in effective supervisory intervention. They provide practical guidance on when enforcement action may be warranted, how it can advance supervisory objectives, and what is required to support a credible, transparent, and proportionate enforcement framework.