Part of our Quantum Computing and Financial Supervision podcast series.

As quantum computing moves from theory to real-world application, it has the potential to reshape key aspects of financial systems, from risk modelling and analytics to cybersecurity. While large-scale quantum capabilities are still developing, their future ability to compromise existing encryption standards presents a material risk to data security and financial stability.

In this three-part series, Jennifer Elliott and Professor Michele Mosca explore what this emerging technology means for the financial sector and how supervisors can begin to prepare. Episode two examines how quantum computing could disrupt current encryption standards, putting sensitive data and financial transactions at risk while creating new operational and systemic challenges for the financial sector.

Guest: 

Michele Mosca, Professor, Institute for Quantum Computing, University of Waterloo

Host: 

Jennifer Elliott, Assistant Director, Monetary and Capital Markets, IMF; Board Member, Toronto Centre

Read the transcript here. Read their biographies here.

Listen to the first episode: Introduction to Quantum and Financial Services.