The Interview, Recorded on December 7, 2020: If you are one of the few who have studied the mechanics of monetary policy and the plumbing of the financial system, most of what you learned may be out of date—that is, if you haven’t done so in the last five years. In this interview with Caitlin Long, CEO and founder of Avanti Financial Group, Dr. Manmohan Singh of the IMF explains the massive changes that have come about in the past decade and tries to dispel some of the preconceived notions many have about this complex system. In addition to this focus on the true mechanics of the current system, they also discuss the difficulty of trying to make sense of such an opaque and interconnected global system where laws and data reporting are not uniform from country to country. Moreover, Long and Singh zoom in on the tsunami of change that could be brought about by the growth of digital assets both inside and outside of the traditional financial system, and they highlight the intense focus on these developments by the private banking sector and bodies like the IMF. . Viewers can find more of Dr. Singh's work here: https://www.risk.net/collateral-markets-and-financial-plumbing-3rd-edition and https://www.imf.org/en/Publications/Publications-By-Author?author=Manmohan++Singh&name=Manmohan%20%20Singh Key Learnings: The plumbing of the financial system continuously evolves as institutions, regulations, and technology change. Coming from entirely different perspectives, Long and Singh both stress the level of attention digital assets are receiving from the highest levels of global finance and how important they will be to the future development of the financial system. Learn more about your ad choices. Visit podcastchoices.com/adchoices