Agenda

Agenda

Agenda 2020

09:4510:00

Welcome remarks

09:45 - 10:00

Klaus Löber

Head of oversight division

European Central Bank

Klaus Martin Löber is head of the Oversight Division of the European Central Bank (ECB), in charge of the oversight of financial markets infrastructures (FMIs) and payments instruments. His areas of responsibility encompasses the ECB’s global regulatory policy activities with a focus on payments and market infrastructures. Furthermore, Mr. Löber contributes to the ECB’s FinTech and digital innovations agenda and acts as chair of the Committee on Payments and Market Infrastructures (CPMI) working group on digital currencies. He is also co-chair of the Committee on Payments and Market Infrastructures – International Organisation of Securities Commissions (CPMI-IOSCO) working group on digital innovations looking into relevant developments. Prior to his current position, Mr. Löber was head of the Secretariat of the CPMI, hosted by the Bank for International Settlements (BIS) in Basel, Switzerland, a global regulatory standard setting body in the areas of payments, clearing and settlement. Mr. Löber also regularly publishes on financial markets legal, regulatory and infrastructure issues.

10:0010:45

Fintech foundations

10:00 - 10:45

10:0010:45

Understanding central banks initiatives to foster fintech innovations

10:00 - 10:45

  • What challenges do technological innovations bring to central banks? 
  • How can central banks be proactive in responding to these challenges? 
  • What is the technology readiness level maturity model and what is its benefits?
  • How is the model applicable to Central Bank of Brazil?  
Aristides Cavalcante Neto

Chief of cybersecurity and technological innovation office

Central Bank of Brazil

Bachelor of Science in Computing and Master of Business Administration, Mr. Cavalcante works at Central Bank of Brazil for 22 years. He is Deputy Head of the IT department and Chief of Cybersecurity and Technological Innovation Office. He is in charge of fostering and collaborating in initiatives related to cybersecurity and technological innovation in the Brazilian financial system, like Distributed Ledger Technology (DTL), Open Banking and Regulatory Sandbox.

10:4512:00

Networking break

16:45 - 18:00

12:0012:45

DLT and Blockchain: new opportunities in transactions and data management

14:00 - 14:45

  • How has Covid-19 affected advancements in DLT and blockchain? 

  • What are the new applications on data management and analysis? 

  • What are the emerging opportunities and barriers in national and cross-border payments and settlements? 

  • How to identify and manage operational, legal and ethical risks? 

Sopnendu Mohanty

Chief FinTech Officer

Monetary Authority of Singapore

Sopnendu Mohanty is responsible for creating development strategies, public infrastructure and regulatory policies around technology innovation. Mr. Mohanty has spent over 20 years in various leadership roles globally in technology, finance and innovation. He has co-authored several patented works in area of retail distribution of the financial sector.                Mr. Mohanty extensively engages with ecosystems of various jurisdictions on innovation, policy making and tech enabled financial services. He is on the Institutional Investor’s list of influential FinTech global dealmakers. Mr. Mohanty has been recognised internationally as a FinTech thought leader and he was recently named the Market Reformer of the Year by IFL, Euromoney. 

Makoto Takemiya

CEO

Soramitsu

Makoto Takemiya is a co-founder and the group CEO of Soramitsu. He has authored more than 20 peer-reviewed scientific papers and actively engages in research. He has an M.S. in Computer Science from the California Polytechnic State University at San Luis Obispo. At Soramitsu he has helped lead the creation of Hyperledger Iroha, a settlement system for the National Bank of Cambodia and a Decentralized Digital Depository for digital assets called D3 Ledger. He also has contributed to SORA, the decentralized Autonomous Economy, as well as Polkaswap, a DEX for the Polkadot ecosystem.

Tanai Khiaonarong

Senior financial sector expert

IMF

Tanai Khiaonarong is a Senior Financial Sector Expert in the Payment, Currencies, and Infrastructure Division of the Monetary and Capital Markets Department of the IMF. He serves as assessor of systemic financial market infrastructures in FSAPs, technical assistance advisor on payments oversight and modernization, and representative in the CPMI and IOSCO. Tanai was formerly with the Bank of Thailand, where he was Deputy Director in the Payments Systems Policy Department, Head of International Banking Policy in the Financial Institutions Strategy Department, and Head of the Secretariat for the Working Committee on Payment and Settlement Systems of the ASEAN Central Banks. He worked at Andersen Consulting (Accenture) and the Bank of Finland. Tanai holds a PhD in Information Systems from the London School of Economics and is a member of the Editorial Board of the Journal of Payments Strategy and Systems. He has written on cash use, central bank digital currencies, correspondent banking, distributed ledger technology, fintech and financial services, mobile payments oversight, payments regulation, and stablecoin arrangements.

Klaus Löber

Head of oversight division

European Central Bank

Klaus Martin Löber is head of the Oversight Division of the European Central Bank (ECB), in charge of the oversight of financial markets infrastructures (FMIs) and payments instruments. His areas of responsibility encompasses the ECB’s global regulatory policy activities with a focus on payments and market infrastructures. Furthermore, Mr. Löber contributes to the ECB’s FinTech and digital innovations agenda and acts as chair of the Committee on Payments and Market Infrastructures (CPMI) working group on digital currencies. He is also co-chair of the Committee on Payments and Market Infrastructures – International Organisation of Securities Commissions (CPMI-IOSCO) working group on digital innovations looking into relevant developments. Prior to his current position, Mr. Löber was head of the Secretariat of the CPMI, hosted by the Bank for International Settlements (BIS) in Basel, Switzerland, a global regulatory standard setting body in the areas of payments, clearing and settlement. Mr. Löber also regularly publishes on financial markets legal, regulatory and infrastructure issues.

12:4514:00

Networking break

16:45 - 18:00

14:0014:45

QRIS: a unified interconnected QR payment, the digital retail payment for digital economy inclusion

14:00 - 14:45

Session outline to be confirmed

Ricky Satria

Digital financial services specialist

Bank of Indonesia

14:4516:00

Networking break

16:45 - 18:00

16:0016:45

Virtual roundtable: How to design a road-map to a resilient, sustainable and inclusive FinTech ecosystem?
Via zoom - find the link in the conference platform

16:00 - 16:45

Assylbek Davletov

Chief fintech officer

Astana Financial Services Authority (AFSA)

Assylbek Davletov, is Chief FinTech Officer and the Member of the Executive Body at the Astana Financial Services Authority (AFSA). Mr. Davletov is responsible for development of regulatory policies aimed at facilitating the adoption of technological innovations in the financial services industry, and deployment of AIFC Fintech Regulatory Sandbox.

17:0017:45

Lessons from the FCA’s Innovation experience (pre-recorded)

17:00 - 17:45

Nick Cook

Director of innovation

Financial Conduct Authority

16:4518:00

Networking break

16:45 - 18:00

18:0018:45

What can history teach us about digital payments?

18:00 - 18:45

  • An overview of two decades in digital currencies and e-money, culminating in CBDC
  • A historical case study of the world’s first CBDC: Avant
  • Is history repeating itself? Some reflections no future developments

 

Aleksi Grym

Head of digitalisation, financial stability department

Bank of Finland

09:4510:00

Welcome remarks

09:45 - 10:00

Nick Carver

Brand director

Central Banking

10:0010:45

Regtech & suptech

10:00 - 10:45

10:0010:45

Risk-based supervision

10:00 - 10:45

  • How can central banks embed technological solutions processes and governance? 

  • How should central banks monitor risk factors? 

  • How can operational efficiency be met with risk-based supervision?  

  • Use of automation, data analytics and pattern recognition 

Ramunas Baravykas

Advisor to the executive director, supervision service

Bank of Lithuania

Project manager of Risk-based Supervision Model Implementation into the Supervisory Activities project;

Under my leadership, an e-Licensing tool was developed, which allows FIs to submit applications electronically and allows automated application evaluation by including the necessary expertise and information on issued licenses to be submitted to the LIS system of the Center of Registers and the Lietuvos bankas website.

Under my leadership, the Supervision Service information system ProTas was developed and implemented. IT tools supporting business processes were implemented: the Register of Sanctions, the Register of Inspections, the Register of Consumer Disputes and Complaints and tools to support settlement process, dispute submission via electronic channels.

Head of Risk Modelling Division, 2012–2015

Quantitative models of selection and risk assessment were implemented.

INSURANCE SUPERVISORY COMMISSION OF THE REPUBLIC OF LITHUANIA

Deputy Chair, 2008–2012

At the same time – European Insurance and Occupational Pensions Authority (EIOPA) (Member of Board of Supervisors; Financial Stability Committee; Information Technology and Data Committee); European Systemic Risk Board (ESRB) (General Board; Special Advisory Committee); Nordic-Baltic Stability Group (NBSG).

Head of Information Analysis, 2006–2008

Actuary, 2004–2006

10:4512:00

Networking break

16:45 - 18:00

12:0012:30

Big Data: new applications in central banking and regulation

12:00 - 12:30

  • What are the emerging trends in the applications of the “regulatory Big Data”? 

  • How can central banks 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? 

Wanpracha Chaovalitwongse

Senior director department of data management and analytics

Bank of Thailand

12:3013:00

Operationalising big data through machine learning and network analytics: a user guide for central banks and supervisors

12:30 - 13:00

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  • Taxonomy of Suptech Use Cases
  • State of the art and key applications of Machine Learning and Network Analytics
  • Case studies of operationalising Big Data for regulatory and supervisory analysis
  • Monitoring the Global Financial System with G20 Monitor
Kimmo Soramäki

Founder and CEO

Financial Network Analytics

Kimmo Soamäki is the founder and CEO of Financial Network Analytics (FNA) and the founding editor-in-chief of The Journal of Network Theory in Finance. He started his career as an economist at the Bank of Finland where he developed in 1997 the first simulation model for interbank payment systems. In 2004 while at the research department of the Federal Reserve Bank of New York, Mr Soramäki was among the first to apply methods from network theory to improve our understanding of financial systems. During the financial crisis of 2007-2008 he advised several central banks, including the Bank of England and European Central Bank, in modelling interconnections and systemic risk. This work led him to found FNA in 2013 provide solutions to monitor the complex financial networks that play a continually larger role in the world around us. Mr Soramäki holds a Doctor of Science in Operations Research and a Master of Science in Economics (Finance), both from Aalto University in Helsinki.

13:0014:00

Networking break

16:45 - 18:00

14:0014:45

Future of data collection & data management: Agile RegOps for digitizing the regulatory value chain

14:00 - 14:45

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Outline to be confirmed

Maciej Piechocki

Member of the management board

BearingPoint RegTech

For the last 10 years, Dr. Maciej Piechocki has been specializing in the areas of digitalization, regulation and Big Data especially in the financial services sector. In his role, Maciej Piechocki is responsible to deliver services and solutions to clients such as banks, insurance companies, central banks and supervisory authorities in the areas of regulatory reporting, regulatory management and regulatory analytics. He deals with regulations such as Basel III, Solvency II, IFRSs, MiFID but also implements standards such as XBRL or SDMX. Moreover, Maciej Piechocki is driving the international market development for BearingPoint’s RegTech solutions and is responsible for Alliance Management.

Daniel Muench

Business advisor emerging technologies

BearingPoint RegTech

Daniel Muench is responsible for Emerging Technologies at BearingPoint RegTech and is working on solutions for the future of regulatory reporting. He is currently developing concepts on how digitization of regulatory reporting could revolutionize the way regulators work, and how modern technological approaches like DLT, AI, and Big Data can support these approaches. With the G20-shortlisted “RegOps” approach, he aims to deliver the first step of this future vision by bringing standardized data models & logic, end-to-end integration of data flow, and a big data-ready regulatory platform to RegTech. Daniel works passionately on the topic of banking regulation and banking regulatory reporting since almost 10 years, and gained many insight in the functioning of regulatory data in the financial industry.

14:4516:00

Networking break

16:45 - 18:00

16:0016:45

Panel discussion: Making text count: economic forecasting using newspaper text

16:00 - 16:45

  • What is the benefit of extracting economic signals from newspaper text?
  • How can this improve forecasts of macroeconomic variables?
  • What are the methods that can be used to achieve this?

 

Chris Redl

Economist

IMF

Eleni Kalamara

Researcher

KCL

Daniel Hinge

News editor, Central Banking

Central Banking Publications

Dan Hinge is Central Banking’s news editor. He has worked on the newsdesk since 2012, having graduated with a degree in politics, philosophy and economics from the University of Oxford. Dan also manages the Viewpoint column and is editor of Central Banking’s first in-depth report, on the topic of big data.

09:4510:00

Welcome remarks

09:45 - 10:00

Nick Carver

Brand director

Central Banking

10:0010:45

Risk Management

10:00 - 10:45

10:0010:45

Panel discussion: Hunting cyber threats: building-up resilience of digitalised ecosystems in a pandemic and beyond

12:00 - 12:45

  • How do central banks identify the weak spots within their industry and their own institutions?
  • 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?
Wiebe Ruttenberg

Program Director and Senior Adviser, DG Market Infrastructure and Payment

European Central Bank

Abdul Rahim Ahmad

Chief information officer

Securities and Exchange Commission of Pakistan

Rachael King

Associate editor, Central Banking

Rachael King is Central Banking's Associate/Commercial Editor. She graduated from the University of Nottingham with a first-class degree in Classical Civilisations.

Rachael also manages the Book notes section and is editor of Central Banking’s FinTech & RegtTech Global Awards.

 

10:4512:00

Networking break

16:45 - 18:00

12:0012:45

Cash management: where are the emerging opportunities for regulatory compliance and risk management?

12:00 - 12:45

A conversation with:

Alejandro Alegre

General director of issuance

Bank of Mexico

Mr. Alejandro Alegre is 56 years old, he is a lawyer, worked during 14 years at Civilian Intelligence Services in México. He was General Director of Planning Center for Drug Control, the Intelligence Agency of the Office of the Mexican Attorney General and also General Director of the National Security Intelligence Center (CISEN).

Since 2001 he has been working in Bank of Mexico, where he has been Advisor to the Board of Governors, Security Director, General Director of Planning and Budget and since 2011 he is General Director of Currency Issuance and Main Cashier.  

Rachael King

Associate editor, Central Banking

Rachael King is Central Banking's Associate/Commercial Editor. She graduated from the University of Nottingham with a first-class degree in Classical Civilisations.

Rachael also manages the Book notes section and is editor of Central Banking’s FinTech & RegtTech Global Awards.

 

14:0014:45

Panel discussion: Cash after Covid-19: is it sustainable?

14:00 - 14:45

  • Reviewing the role of cash and what Covid-19 meant for the most vulnerable in society in terms of payments
  • What does that mean for central banks cash distribution?
  • How can central banks ensure that cash remains a sustainable method of payment? Can cash and digital payments co-exist in the future?
Björn Segendorff

Senior advisor

Riksbank

Björn Segendorf is senior adviser at the Payment Department at Sveriges Riksbank. His main areas of expertise are retail payments, financial infrastructure and related policy issues, e.g. FinTech and innovation, the entry of non-banks and the cashless society. Björn has been leading the economic analytical work in the Riksbank’s central bank digital currency project (the e-krona) and acted as editor of the first e-krona project report. He is a member of the ECBS Market Infrastructure and Payments Committee and has participated in various BIS working groups.

 

Chevanese Morais

Division chief

Bank of Jamaica

Chevanese is a career central banker with 25 years in Bank of Jamaica’s Research and Economic Programming Division. In August 2005, she was appointed to the Banking and Market Operations Division as Technical and Administrative Adviser, with responsibility for providing high level technical support to the Division Chief. Since July 2019, she has assumed responsibility for the Banking & Currency Operations in the Capacity of Division Chief. 

Chevanese possesses a Master of Science degree in Finance (Economic Policy) from the University of London and a Bachelor of Arts, General, from the University of the West Indies. She is an avid tennis fan, enjoys reading, gardening and working out at the gym in her spare time.

David Sipahutar

Analyst - currency management development team

Bank Indonesia

He was responsible for the project planning and procurement of new cash processing systems for BI offices in 2015 He was
also the team member for the preparation of the currency management framework 2019 2025 which was approved by the
board of governor in 2019 Since 2015 he has been working as member of the task force for the project to establish Bank
Indonesia new, modern and automated cash center in Jakarta and East Java which are planned to be launched in 2024
Currently, his main responsibility is to provide assessment and recommendation to the Head of Currency Management
Department, mainly in the subject of cash distribution network, cash infrastructure capacity planning, and cash demand
estimation

16:0016:45

Suptech for supervision: managing data collections throughout the full supervisory life-cycle

16:00 - 16:45

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In this session we will cover the evolution of and recommended approach to creating, managing and publishing data collections and their underlying data models throughout the full supervisory life-cycle.  Session highlights include:

  • Evolution of Data Collections
  • Common Problems
  • Principles, Standards & Best Practice
  • Data Dictionaries
Ryan Flood

CTO

Vizor Software

Ryan Flood joined Vizor in 2004, and over the course of the following 16 years, he has been instrumental in the design and development of the Vizor suite of SupTech and RegTech products. He has spent significant time on-site with leading financial supervisors across the world where he has taken a lead role in the design and implementation of solution landscapes.  

In his current role as CTO, Ryan is active in various regulatory communities and heads up the company’s Product Design function ensuring Vizor products deliver the optimal user experience and value. Being a member of the Vizor innovation team Ryan, continuously innovates and evaluates new technology tools and trends for the company and the community we serve. He holds a BSc in Mathematical Sciences and Computing from University of Limerick and an MSc in Computer Science from and University College Dublin.

09:4510:00

Welcome remarks

09:45 - 10:00

Klaus Löber

Head of oversight division

European Central Bank

Klaus Martin Löber is head of the Oversight Division of the European Central Bank (ECB), in charge of the oversight of financial markets infrastructures (FMIs) and payments instruments. His areas of responsibility encompasses the ECB’s global regulatory policy activities with a focus on payments and market infrastructures. Furthermore, Mr. Löber contributes to the ECB’s FinTech and digital innovations agenda and acts as chair of the Committee on Payments and Market Infrastructures (CPMI) working group on digital currencies. He is also co-chair of the Committee on Payments and Market Infrastructures – International Organisation of Securities Commissions (CPMI-IOSCO) working group on digital innovations looking into relevant developments. Prior to his current position, Mr. Löber was head of the Secretariat of the CPMI, hosted by the Bank for International Settlements (BIS) in Basel, Switzerland, a global regulatory standard setting body in the areas of payments, clearing and settlement. Mr. Löber also regularly publishes on financial markets legal, regulatory and infrastructure issues.

10:0010:45

Fintech: CBDCs and financial inclusion

10:00 - 10:45

10:0010:45

Can today’s regulatory and supervisory frameworks accommodate crypto assets and stablecoins?

10:00 - 10:45

  • What were crypto assets meant for and what are they being used for now? 

  • What are their limitations beyond price volatility?  

  • What are the legal, regulatory and oversight challenges of stablecoins? 

  • On a global scale, what are the challenges to the international monetary system, financial stability and fair competition? 

Klaus Löber

Head of oversight division

European Central Bank

Klaus Martin Löber is head of the Oversight Division of the European Central Bank (ECB), in charge of the oversight of financial markets infrastructures (FMIs) and payments instruments. His areas of responsibility encompasses the ECB’s global regulatory policy activities with a focus on payments and market infrastructures. Furthermore, Mr. Löber contributes to the ECB’s FinTech and digital innovations agenda and acts as chair of the Committee on Payments and Market Infrastructures (CPMI) working group on digital currencies. He is also co-chair of the Committee on Payments and Market Infrastructures – International Organisation of Securities Commissions (CPMI-IOSCO) working group on digital innovations looking into relevant developments. Prior to his current position, Mr. Löber was head of the Secretariat of the CPMI, hosted by the Bank for International Settlements (BIS) in Basel, Switzerland, a global regulatory standard setting body in the areas of payments, clearing and settlement. Mr. Löber also regularly publishes on financial markets legal, regulatory and infrastructure issues.

Scott Hendry

Senior special director fintech

Bank of Canada

Scott Hendry was appointed senior director Financial Technology (FinTech) in the Funds Management and Banking Department (FBD) of the Bank of Canada in June 2016. In this role, he oversees the Bank’s efforts to monitor and research developments and implications of new technologies affecting the financial sector. He previously held the role of Director of Research for FBD and, before that, for the Financial Markets Department (FMD). His personal research has focused on electronic money, price discovery in the Canadian government bond market, and central bank communication. He has a PhD in Economics from the University of Western Ontario.

Marius Jurgilas

Board member

Bank of Lithuania

Marius Jurgilas has brought his experience in both academia and government to the important role of Member of the Board of the Bank of Lithuania with responsibility or supervision, payment systems and research.  During his tenure Lithuania emerged as a top jurisdiction for fintech companies within the EU under the leadership of the Bank of Lithuania, forging Mr. Juriglas' reputation as a leading European thinking on the future of banking.

Elisabeth Noble

Senior policy expert

European Banking Authority

Elisabeth Noble is a Senior Policy Expert at the European Banking Authority. She leads the EBA’s work on crypto-assets, DLT and the platformisation of financial services and coordinates the European Forum for Innovation Facilitators. She represents the EBA in EU and international standard-setter policy work streams relating to FinTech, market-based finance, financial system interconnectedness, market access and the regulatory perimeter. She is contributing to the delivery of the EU Digital Finance Strategy and was a member of the European Commission’s Expert Group on Regulatory Obstacles to Financial Innovation (now disbanded). Prior to joining the EBA, Elisabeth spent 7 years at HM Treasury advising primarily on the UK government’s response to the financial crisis and the post-crisis domestic and EU regulatory reforms (2008-14), including the reforms to the regulatory architecture in the EU (Banking Union). Elisabeth has also spent some time in the private sector.

10:4512:00

Networking break

16:45 - 18:00

12:0012:45

Presentation: to blockchain or not?

12:00 - 12:45

  • What is Bank of Canada's multi-phase experimental project Jasper?

  • What is the value proposition of DLT in the financial system?

  • How did the colloboration with other central banks work?

  • What were the findings and outstanding questions?

Dinesh Shah

Director, fintech research

Bank of Canada

As Director Fintech Research, Dinesh leads the technical development of a central bank digital currency in support of the Bank of Canada’s policy to build this capability as a contingency measure. He also leads the technology aspect of the research agenda in fintech, most notable project Jasper, which supports economic and financial system research into the implications of such technologies to the core mandates of the Bank.

Dinesh joined the Bank of Canada in 2009 as an Enterprise Architect. Before joining the Bank, has been a co-founder and architect at various start-ups. He spent 8 years as a developer of various fixed-income trading and risk management systems at financial institutions in London. In addition, he provided expertise on the application of leading-edge technologies to securities trading and clearing firms.

Dinesh holds a BSc (hons) in Physics with Computing from The University of Kent in the U.K.

14:0014:45

Seven lessons from the e-Peso pilot plan: the possibility of a CBDC

14:00 - 14:45

  • What was the rationale for e-Peso?
  • What are the key learnings from Central Bank of Uruguay pilot?
  • What does the future look like for the  e-Peso?
Adolfo Sarmiento

Head of economic consultancy, advisor to the board

Central Bank of Uruguay

Adolfo Sarmiento is Head of Economic Consultancy, advising to the board at the Central Bank of Uruguay, he is responsible for Financial Stability and Economic Research and coordinator of the FinTech Group for the financial system in the country. As advisor he is also involved in the negotiation of MERCOSUR financial services issues and in Risk evaluation of the financial system.
He holds a degree in Economics of the University of the Republic of Uruguay, a Master in Applied Macroeconomics of the Catholic University of Chile and is PhD (Candidate) for the Catholic University of Argentina. 
 

16:0016:45

Fintech: the key enabler of financial inclusion

16:00 - 16:45

  • 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? 

  • What is the role of public-private coordination? 

Julapa Jagtiani

Senior economic advisor and economist

Federal Reserve Bank of Philadelphia