Programme

Programme

Programme

Day 1, Wednesday 4th September 2019

New Opportunities and Applications of Disruptive Innovation

08:50

Welcome Remarks

09:00

Opening Remarks

09:10

Keynote speech

Disruptive innovation in 2019: BigTech, GreenTech and beyond

09:50

Panel Debate:
How should central bankers and supervisors 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?
  • 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?

10:40

Presentation
Cloud: the emerging source of financial market innovation

Topics include:

  • What is the state of the art of cloud computing?
  • What are its technological foundations and building blocks?
  • What are the key applications in the central banking and supervisory environment?
  • What does it take to effectively manage limitations and potential legal and security risks?

11:15

Coffee Break

11:45

Discussion Groups

This session will elaborate on the discussion from the previous sessions. Delegates will join the group focused on the topic of their choice that will be led by an expert speaker. At the end, leaders will share the summary of their discussion with the plenary.

12:45

Summary of the discussion groups

13:05

Lunch

Streams

 

Stream 1

FinTech in Payments and Settlements

Fintech2

Stream 2

Accelerating Innovation in RegTech & SupTech

Regtech2

Stream 3

New Developments in Currency Technology

Currencytech2
14:30 Executive Introduction
New opportunities in FMI design and oversight
Executive Introduction
Regulation and supervision of digitalised ecosystems 
Executive Introduction
Technology innovation in currency management
14:40

Panel Debate
Payment systems in the FinTech era: from revolution to evolution?

Topics include:

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

Panel Debate
SupTech for risk based supervision: how to design successful frameworks and strategies?

Topics include:

  • What are the key features of effective risk based supervision in 2019?
  • In what ways do the new software platforms help to effectively deal with regulatory requirements burden?
  • What does it take to overcome data collection and processing issues?
  • What practical considerations should supervisory agencies take into account in their SupTech strategy?

Panel Debate
Cash and digitalization: will the evolution of digital payments spark the end of cash?

Topics include: 

  • Can cash and digital payments co-exist in the future?
  • Is there a “war on cash”? 
  • Are central banks obliged to safeguard cash?
  • CBDCs: what will be the implications for cash?
15:15

Presentation
New payment and settlement applications of Machine Learning, Blockchain and Cloud

Topics include:

  • What is the state of the art of key payment and settlement technologies in 2019?
  • What are the implications for risk management?
  • 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?

Presentation
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
How are advanced technologies changing the way central banks manage currency?   

Topics include:

  • What are central banks doing to forecast demand for banknotes? 
  • How can Big Data be used in the lifecycle of banknotes? 
  • How to make gathering Big Data more cost effective?
  • Future of money and payments: what impact can Machine Learning and AI have?
15:50

Presentation
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
Artificial Intelligence and Machine Learning for regulation and supervision: the state of the art

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 and monetary policy?
  • What are the implications of the recent progress in the area of machine-readable regulation?
  • Where are the boundaries of cognitive compliance?

Presentation
Data analytics and data mining: new methods for currency management   

Topics include:

  • How is artificial intelligence being used in currency management?
  • How are central banks mining external data to manage currency? 
  • Banknote analytics: unlocking the potential of data 
  • Trends in data analytics for currency management 
16:25

Coffee Break

Plenary

16:55

Summary of the Streams

17:10

Oxford-style Debate

“This summit believes that a cyber-attack can cause the next financial crisis”

Debaters will cover:

  • What are the financial, operational and regulatory risks for infrastructures based on computer systems and digital information?
  • What do systemic implications of successful cyber-attacks look like?
  • What are the key features of effective cyber resilience frameworks and strategies?
  • What is the role of cross-industry guidance and public-private cooperation and coordination?
17:50

Closing Remarks

18:00

Networking Reception

18:50

FinTech & RegTech Global Awards Dinner

Day 2, Thursday 5th September 2019

Towards Sustainable, Resilient and Inclusive Landscape

08:50

Opening remarks

09:00

Keynote Speech

Risks and Responsibilities of Technological Innovation

09:40

Presentation
GreenTech: the emerging pillar of sustainable innovation

Topics include:

  • What is the environmental cost of FinTech revolution?
  • What are the key features of environmentally sustainable innovation?
  • What is the role of FinTech in the transition to a greener economy?
  • What are the implications of GreenTech for the mandates and responsibilities of central banks and regulators?

10:15

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?

10:50

Coffee Break

Streams

 

Stream 1
FinTech for Financial Inclusion

Fintech2

Stream 2
RegTech & SupTech for AML and cyber resilience

Regtech2

Stream 3
Central Bank Digital Currencies (CBDC) in Focus

Currencytech2
11:20 Executive Introduction
Building blocks of inclusive innovation
Executive Introduction
New opportunities in financial crime and cyber risk management
Executive Introduction
New opportunities in digital currencies
11:30

Panel Debate
FinTech: the key enabler of 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?

Panel Debate
How to make the most of tech based approaches to 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?

Panel Debate
What is the financial stability impact of digital money on central banks mandates? 

Topics include: 

  • What are the risks with CBDCs?
  • Does digital money present a major threat to financial stability?
  • What are the future implications of crypto assets?
  • How should central banks be cyber resilient with digital money?
12:05

Presentation
Making the most of mobile payment platforms

Topics include:

  • What is the state of the art of mobile money services?
  • What are the key features of the new tools, applications and innovations?
  • What is the role of M-Pesa like projects in national financial inclusion strategies?
  • How to to overcome issues in the areas of financial crime and consumer protection?

Presentation
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
Central Bank Digital Currencies: case studies in focus

Topics include:

  • Examples of state of the art research into CBDC
  • What is the expected impact on the real economy?
  • How will CBDCs interact with existing monetary policy instruments?
  • Tips for effective communication of CBDC to financial services and the general public

12:40

Lunch

Plenary

14:10

Summary of the Streams

14:25

Presentation
What does the official sector expect from a private sector technology provider?

Topics include:

  • What are the areas where central banks and supervisors need technical agility?
  • How should they evaluate whether their technological toolkit suit the institutional requirements?
  • 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?

15:00

Closing Panel with Keynote Speakers and Chairs
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?

15:35

Closing Remarks

15:45

Closing Reception