Agenda

Agenda

Agenda

Day 1:
New Opportunities and Applications of Disruptive Innovation

 

Keynote speech:

FinTech & RegTech in 2019: Artificial Intelligence, Global Sandbox and beyond

Panel debate
How should the official sector understand and respond to disruptive innovation?

Topics include:

  • What are the implications of disruptive technology for financial markets, institutions and consumers?
  • Which areas of central banking, supervision and reserve management are being most disrupted by FinTech?
  • What new challenges and responsibilities do central bankers, supervisors and reserve managers need to deal with?
  • What does the official sector need to do to effectively capitalise on FinTech opportunities such Big Data Analytics or Blockchain applications?

Discussion groups

The purpose of this session is to elaborate on the discussion from the opening panel debate. Delegates will be able to join the group led by the expert speaker of their choice. At the end, leaders will share the summary of their discussion with the plenary.

Coffee break

Summary of the discussion groups

Presentation / Case study
How can central bankers and supervisors make the most of Artificial Intelligence and Machine Learning?

Topics include:

  • In what ways is Artificial Intelligence and Machine Learning transforming the financial system and the economy?
  • What implications does it pose for financial stability, monetary policy and reserve management?
  • To what extent should it be embraced by regulatory and supervisory frameworks?
  • What does it take to make it compatible with other FinTech tools such as Big Data or Blockchain?

Presentation/ Case study
Application Programming Interface (API) in focus: coordinating in-house and out-sourced solutions  

Topics include:

  • What are the areas where API can deliver operational agility to central bankers, regulators and supervisors?
  • How should they evaluate whether their technological toolkit suit the institutional requirements in the areas of data collection and processing?
  • How to assess and compare the cost implications of in-house solutions with the outsourced ones?
  • What factors should the official sector take into consideration when finalising the chosen route?

Lunch

Stream One
FinTech in National and Cross-border Payments and Settlements

Stream Two
Accelerating Innovation in RegTech and SupTech

Executive introduction
Technological innovation in financial market infrastructures

Executive introduction
Regulation and supervision of digitalised ecosystems

Panel debate
Payment systems in the FinTech era: opportunities, risks and oversight

Topics include:

  • What opportunities does FinTech offer operational frameworks of payment and settlement schemes?
  • What are the implications for risk management?
  • What is the role of cooperation between the official sector operator and third-party technology provider?
  • Where are the new boundaries for oversight and regulation?

Panel debate
Regulatory reporting in 2019: beyond automation and standardisation?

Topics include:

  • In what ways do the new software platforms help to effectively deal with regulatory requirements burden?
  • To what extent do they accelerate and increase supervisory cycles?
  • What are the implications for coordination between the regulator and the regulated?
  • What does it take to effectively manage sensitive issues in the areas of security standards and confidentiality?

Presentation / Case study
New payment and settlement applications of Robotics, Blockchain and Cloud

Topics include:

  • What is the state of the art of key payment and settlement technologies in 2019?
  • What are the recent achievements in the areas of digital assets, smart contracts, digital currencies and record keeping?
  • What are the key opportunities and challenges around applications for central banks and financial markets?
  • What is the potential of Artificial Intelligence and Machine Learning in effective oversight?

Presentation / Case study
Making the most of Big Data

Topics include:

  • What are the emerging trends in the applications of the “regulatory Big Data”?
  • How to make the most of it in supervisory, risk assessment and stress-testing efforts?
  • How to effectively manage and combine statistics from the internet, administrative and commercial sources?
  • What infrastructure investments does it require?

Presentation / Case study
What does FinTech have to offer cross-border payments?

Topics include:

  • How can the applications of Distributed Ledger technology and Cloud reshape the cross-border payments framework?
  • What are the key operational risks associated with the new market platforms?
  • What are the implications for legal and regulatory frameworks?
  • What forms of international cooperation will their supervision require from the official sector?

Presentation / Case study
SupTech for risk based supervision: frameworks and strategies

Topics include:

  • What are the key features of effective risk based supervision in 2019?
  • How to overcome data collection and processing issues?
  • What is the potential of AI and Machine Learning in the areas of market surveillance and risk prediction?
  • What practical considerations should supervisory agencies take into account in their SupTech strategy?

Coffee break

Summary of the streams

Oxford-style debate

“This summit believes that Machine-executed regulation will represent the new foundation of regulatory and supervisory regimes”

Debaters will cover:

  • To what extent can robotics help to close the gap between regulatory intention and interpretation?
  • What are the implications of the recent progress in the area of machine-readable regulation?
  • Where are the boundaries of cognitive compliance?
  • To what extent does the machine executed regulation represent a realistic (and desirable) goal?

Close of day 1

 

Day 2:
New Sources of Risk – and Their Containment

 

Keynote speech:
Risks and rewards of FinTech and crypto assets

Panel debate
FinTech for safe and sustainable Financial Inclusion

Topics include:

  • What does it take to ensure that Financial Inclusion benefits from disruptive technological innovation?
  • What are the responsibilities of the regulator in the effective management of technology delivery?
  • To what extent should FinTech be incorporated into national and international Financial Inclusion strategies?
  • What is the role of public-private coordination? 

Presentation
Drivers of sustainable innovation: regulatory sandboxes, incubators and accelerators

Topics include:

  • To what extent do sandboxes help innovation comply with legal and regulatory requirements?
  • What are the features of success stories and steps to be avoided?
  • Who should be responsible for funding?
  • Does a global sandbox represent a desirable (and realistic) goal?

Coffee break

Working groups
New responsibilities of the FinTech era

Delegates will be able to select the working group they wish to join prior to the summit. Each group will be led by a specialist speaker, who will share the summary of their discussion with the plenary. At the end, members of the Central Banking Advisory Board will reward the group with most valuable contribution.

Discussion topics include:

  • The role of the official sector in market innovation
  • Blockchain applications in central banking and regulation
  • Differences and overlaps between RegTech and SupTech
  • Cloud computing
  • Smart contracts
  • InsurTech
  • Mobile Payments
  • Machine Learning – operational, legal and ethical risks

Summary of the working groups

Lunch

Stream One
Digital Money and Crypto Assets in Focus

Stream Two
Management of Cyber and Financial Crime Risks

Executive introduction
Five digital currency questions that central bankers and regulators need to answer

Executive introduction
Tech-based approaches to effective risk management

Panel debate
What does it take to supervise and regulate privately issued cryptocurrencies?

Topics include:

  • To what extent do the benefits of “Bitcoins” balance their risks?
  • Could they represent a threat to financial stability on the systemic level
  • When and how should the official sector be ready intervene?
  • What are the key regulatory challenges?

Panel debate
Can RegTech solutions sufficiently respond to FinTech challenges?

Topics include:

  • What are the key financial, operational and regulatory risks for infrastructures based on computer systems and digital information?
  • What are the features of effective resilience strategies?
  • What does it take to manage and effectively combine the new tools based around Blockchain, Cloud and Machine Learning?
  • What is the role of public-private cooperation and coordination?

Presentation / Case study
Central banks’ digital currency projects and initiatives

 

Topics include:

  • What are the key differences between central bank digital money and privately issued cryptocurrencies?
  • To what extent can the “E-kronas” replicate the experience and acceptability of cash?
  • How should central banks communicate their initiatives to the industry and the public?
  • What are the implications for technology investments and staff training? 

Presentation / Case study
What is the role of central banks and regulators in cyber resilience of digitalised financial ecosystems?

Topics include:

  • To what extent should the official sector be responsible for cyber security of the market infrastructures it runs and oversees?
  • What is the role of intelligence-led exercises against critical financial systems?
  • What does it take to effectively implement cross-industry guidance?
  • What forms of international cooperation does it require?

Presentation / Case study
What are the implications of central bank digital currency for financial stability and monetary policy?

Topics include:

  • How would central bank digital currency affect monetary policy implementation?
  • What level of monetary transmission would central banks need to maintain?
  • How significant would be the impact on commercial lenders and other financial services providers?
  • What forms for inter-jurisdictional cooperation and coordination would be required to manage cross-country flows of central banks’ “digital money”?

Presentation / Case study
New opportunities in AML, CFT and Anti-Fraud

Topics include:

  • What are the key financial crime risks of the High-Tech era?
  • What are the emerging trends in Blockchain and Machine Learning applications in KYC and KYCC?
  • What are the key benefits of manual vs automated fraud and AML investigation?
  • To what extent can RegTech help to manage the costs of regulation and regulatory compliance?

Coffee break

Summary of the streams

Closing panel
FinTech, RegTech and SupTech in 2020 and beyond

Topics include:

•    What will be the key technological challenges and opportunities?
•    What will it take to manage new operational, legal and ethical risks?
•    What responses will be required on the policy level?
•    What will be the implications for institutional resourcing and organisation?

Closing conference