Agenda 2023

Agenda 2023

Agenda 2023

This year's sessions addressed key challenges, innovation and best practice within reserve management, fintech, CBDC and greening the financial system.

Greening the Financial System - November 8th

08:0009:00

Registration & breakfast

08:00 - 09:00

09:0009:30

Opening ceremony: Welcome to the Autumn Meetings

09:00 - 09:30

Timothy Antoine

Governor

Eastern Caribbean Central Bank

Valda Henry

Deputy governor

Eastern Caribbean Central Bank

Valda Frederica Henry is the Deputy Governor of the Eastern Caribbean Central Bank. She is VF Inc.’s former Chief Executive Officer and Principal Trainer. She formerly served as a Senior Investment Officer at the Eastern Caribbean Central Bank and played an instrumental role in the restructuring of the Investment Unit and the development of the Investment Management Framework of the Bank. She has lectured in, among other subjects, Human Resource Management and Accounting and has extensive experience in organisational reviews, job analyses and job descriptions working with companies in the Caribbean and served as the Coordinator of the Administrative Reform Program of the Commonwealth of Dominica. She has served as a Mentor for Executive and Middle Managers in many sectors including banking, hospitality and utility. Valda is also a Global Human Resources and Organizational Development Expert who excels at collaboration, with very strong interpersonal, communications, leadership and decision-making skills. She has developed and led numerous multi-year personal and professional development programs for youth in Dominica as well as individuals and businesses throughout the Caribbean. She hosted a weekly radio and twice- monthly television programs on which she discussed solutions to challenges faced by businesses in the region. She wrote a Column, “Business and Life,” for the online newspaper, “Dominica News Online. Valda holds formal qualifications in Financial Analysis and Planning, Governance and Business Management. She is a Chartered Financial Analyst, holds a PhD in Industrial Relations & Business, Masters of Business Administration, Bachelors in Management and Bachelors in Law. She is a Certified Global Professional in Human Resources, Society for Human Resource Management, Senior Certified Professional (SHRM-SCP) and an Accredited Director. She is also a Certified ProNet Trainer and a Myers Briggs Type Indicator (MBTI) Practitioner and a Certified “Train the Trainer” for InfoDev and the Women Innovators Network in the Caribbean (WINC).

Chris Jeffery

Editor-in-chief

Central Banking Publications

09:3010:00

Financing and green innovation and development: paths for emerging markets and small open economies

09:30 - 10:00

Tobias Adrian

Financial counsellor and director of the monetary and capital markets department

International Monetary Fund

Tobias Adrian is the Financial Counsellor and Director of the Monetary and Capital Markets Department of the International Monetary Fund (IMF). In this capacity, he leads the IMF’s work on financial sector surveillance, monetary and macroprudential policies, digital money, financial regulation, bank resolution, debt management, capital markets, and climate finance. He also oversees capacity building activities in IMF member countries with regard to the supervision and regulation of financial systems, bank resolution, central banking, monetary and exchange rate regimes, central bank digital currency, and debt management. 

Prior to joining the IMF, Mr. Adrian was a Senior Vice President of the Federal Reserve Bank of New York and the Associate Director of the Research and Statistics Group. At the Federal Reserve, he contributed to monetary policy, financial stability policies, and to crisis management.  

Mr. Adrian has published extensively in economics and finance journals. His research spans macro-finance, monetary policy, financial stability, and climate finance, with a focus on aggregate consequences of capital markets developments. He has taught at Princeton University and New York University. He is member of the editorial boards of the International Journal of Central Banking and the Annual Review of Financial Economics.  

Mr. Adrian holds a Ph.D. from the Massachusetts Institute of Technology in Economics, an MSc from the London School of Economics in Econometrics and Mathematical Economics, a Diplom from Goethe University Frankfurt and a Maîtrise from Dauphine University Paris. He received his Abitur in Literature and Mathematics from Humboldtschule Bad Homburg. 

10:1510:30

Chair's opening remarks

10:15 - 10:30

Shernnel Thompson

Deputy director - research, statistics and data analytics department

Eastern Caribbean Central Bank

10:3011:30

Financing the green transition: mobilising capital for a sustainable future

10:30 - 11:30

  • How can central banks ensure green initiatives support broader policy objectives?
  • Exploring sustainable practices to reduce the environmental impact of currency production and circulation
  • How central banks can lead and collaborate with financial institutions to foster sustainable finance
  • Understanding how businesses and investors contribute to the green transition
Tracy Polius,

Chief director (policy)

Eastern Caribbean Central Bank

Elsie Addo Awadzi

Second deputy governor

Bank of Ghana

Elsie Addo Awadzi is a Deputy Governor of the Bank of Ghana, having been appointed to the role in February 2018. She has oversight of the Bank of Ghana’s banking supervision, market conduct, and financial stability functions, among others. She is a member of the Bank’s Board of Directors, a member of the Monetary Policy Committee, and a member of Ghana’s Financial Stability Council which has representation from financial regulatory authorities in Ghana and the Finance Ministry. She also oversees the Bank’s sustainable banking initiative and chairs the Alliance for Financial Inclusion’s Gender Inclusive Finance Committee which provides thought leadership and guidance to the 100-member AFI network on the design and implementation of measures to close the gender gap in access to finance in developing countries.

Her career over the last 27 years has spanned law, finance, governance, policy and regulation. Before her appointment as Deputy Governor, Elsie was Senior Counsel of the Financial and Fiscal Law Unit of the International Monetary Fund (IMF) where she conducted financial sector stability assessments on a number of G20 countries, and provided technical assistance for the design and implementation of banking supervisory, resolution, and crisis management frameworks and fiscal public financial management frameworks in a number of IMF member countries. Before joining the IMF in 2012, Elsie was a Commissioner of Ghana’s Securities & Exchange Commission for six years, worked as an independent consultant for the World Bank, IFC, DfID, Commonwealth Secretariat, and USAID on key financial sector policy and regulatory reforms in Ghana, Africa, and the Caribbean for several years, and worked in private law practice and banking, among others.

She holds an LL.M. degree (International Business and Economic Law) from the Georgetown University Law Center (2012), M.B.A. (Finance) and LL.B. Degrees from the University of Ghana (2000 and 1993 respectively), and a post-graduate qualifying certificate to practice law from the Ghana School of Law (1995). She also holds a Certificate in Executive Public Leadership from the University of Oxford’s Blavatnik School of Government (2012) and a Certificate in WTO Studies from the Georgetown University Law Center (2012).

Neha Mukhi

Senior energy and climate change specialist

World Bank

Neha Mukhi is a Senior Energy and Climate Change Specialist at the World Bank based in Washington, DC working on sustainable finance and clean and resilient energy solutions. She leads WB’s work in the Caribbean region on energy transition and resilience and green finance. Currently, she is leading the renewable energy investments in the Eastern Caribbean that use innovative financial solutions to mobilize private capital for affordable, clean and resilient energy in the region. Neha leads WB’s global engagement on integrating resilience in energy sector planning and investments as part of WB country engagements. In the Africa region, she led World Bank's climate change engagement in South Africa to advance efforts on long-term climate and development strategies through ‘whole of economy’ approaches. In her prior role with the WB’s Climate Change Group, she a led a range of initiatives focusing on mitigation, adaptation and finance supporting countries in their national climate and development actions and the working internally in the WB to develop and implement climate-related policies. She has also worked on clean energy investments and strategies in East Asia and South Asia. Neha has an M.S. in Energy and Climate Policy from Harvard University and Bachelor of Engineering in Civil and Environmental Engineering from Delhi College of Engineering, India.

Kieran St Omer

Senior project officer, projects and technical assistance, Governor’s immediate office

Eastern Caribbean Central Bank

Kieran leads the ECCB’s Greening of the Financial System Initiative for the ECCU Region.  With over 15 years of diversified and consolidated regional and international experience in financial market services, supervision and regulation she also leads ECCB’s Money and Capital Market Development initiatives.  During the last 5 years she has been dedicated to developing and implementing transformative solutions for the region, namely as lead for: Financial Institution’s on the ECCB’s Blockchain-Based Central Bank Digital Currency pilot project, DCash; the Renewable Energy Infrastructure Investment Facility project and the Green Finance Strategy project.  She is a recipient of the ECCB’s 2021 Impact Award for her work on DCash and the IFC-Milken Institute Capital Market Game-Changer’s Policy Shark Tank 2019 award for work done on innovative market based renewable energy financing mechanisms for the Caribbean.

She is a member of the ECCB Securities Settlement Working Group, the ECCB Fintech Working Group and also represents the Bank on the Commonwealth FinTech Technical Advisory Committee and the SBFN Sustainable Finance Working Group.

Over the years she has been actively involved in strengthening partnerships, knowledge management and capacity building as: a lecturer of the Eastern Caribbean Securities Market Certification program, ECCB Savings and Investment Course and a speaker at various regional and international conferences. Prior to joining the Central Bank, Kieran worked as a Business Development and Private Client Relations professional with the region’s largest full service brokerage firm First Citizens Investment Services Limited.

Kieran has a Bachelor of Science in Economics and Accounting from the University of the West Indies and is a 2018 Graduate Scholar of the IFC-Milken Institute Capital Market Development Fellowship Program at the George Washington University School of Business. As part of her program, she interned as a capital market associate with a New York-based global private equity firm Clayton Dublier & Rice. Kieran currently serves on the alumni committees for Sustainable Finance and ESG, Fintech Blockchain and Digital assets.

11:3012:00

Networking break

11:30 - 12:00

12:1513:15

Green bonds, cat bonds, and responsible investing: building resilience in central banks

12:15 - 13:15

  • Challenges and opportunities of green bond issuance - transparent reporting and verification of benefits
  • What steps can central banks take to ensure that green bonds align with broader policy objectives?
  • Discovering the role of "cat bonds" in strengthening financial stability and managing natural disaster risks
  • What impact do SRI portfolios have on sustainable practices?
Kevin Finch

Manager of the research department

Central Bank of Trinidad and Tobago

Dr. Kevin Finch is an Economist by profession with over 20 years of experience. He holds a PhD in Governance from the Sir Arthur Lewis Institute for Social and Economic Studies (UWI), an MBA from the Edinburgh Business School, an ACCA postgraduate diploma in Financial Management and a Bachelor’s of Science degree in Economics from the UWI. His professional experience began in the insurance industry, serving in areas such as pension fund administration and investment management. Dr. Finch has been employed as an Economist at the Central Bank of Trinidad and Tobago since 2003, where a significant portion of his initial portfolio involved surveillance of the energy sector. Most of his tenure has been with the Research and Policy department where his responsibilities cover macroeconomic diagnostics, economic forecasting, applied research and policy formulation. As Manager of the Research department, his current functions span monetary policy, financial stability and the Central Bank’s international relations. Dr. Finch has also functioned in other capacities such as, Technical Assistant to the Governor and a three-year sojourn as representative for Trinidad and Tobago and Senior Advisor to the Executive Director at the International Monetary Fund.  In terms of national service, Dr. Finch served as a Director and Deputy Chairman of the Trinidad and Tobago Postal Corporation from 2017 to 2020 and is currently an Alternate Director of the Deposit Insurance Corporation of Trinidad and Tobago.

Guly Sabahi

Senior advisor, climate finance

NDC Partnership

Guly Sabahi is Senior Advisor, Climate Finance, for the NDC Partnership Support Unit. Working across both the NDC Partnership's Country Engagement and Knowledge and Learning teams, Guly focuses on providing strategic advice and thought leadership to the climate finance efforts of the NDC Partnership to facilitate private sector investment for the implementation of the NDCs.

Guly has 20 years of experience advising private sector and public sector clients on energy and infrastructure projects internationally, particularly in emerging markets. Prior to joining the NDC Partnership, Guly was a senior executive in an international engineering firm, working on infrastructure and energy projects for governments in the Middle East and Africa. Previously, Guly practiced for 15 years at Big Law (including as a law firm partner), where she advised clients on equity and debt financing transactions and projects (including PPPs, JVs, M&A, PE fund formation) in energy and infrastructure sectors in the Middle East, Africa, Asia and Latin America.

Guly has also led the capacity building programs for government officials at the International Law Institute (ILI) – to facilitate energy and infrastructure projects, particularly, in Africa. She has also served as Vice President and Director of the Association of International Energy Negotiators (AIEN), where she spearheaded the AIEN’s sustainability taskforce. Over the years, Guly has chaired, and presented at, a number of professional events – focusing on energy transition, PPPs and infrastructure finance, investments in emerging markets, and ESG.

Gregory Hill

Vice-president, finance and corporate services

Caribbean Development Bank

Gregory N. Hill is Vice President, Finance & Corporate Services at the Caribbean Development Bank (CDB). His portfolio includes resource mobilisation, finance, human resources and administrative services, information technology, and communications.


A career investment banker and regional business executive, he has served in senior regional leadership and executive positions including Managing Director of ANSA Merchant Bank Limited in Trinidad and Tobago, Chairman of ANSA Merchant Bank (Barbados), and Head of Corporate Banking & Capital Markets, RBC Financial Caribbean Limited.


Mr. Hill has executed significant financial transactions throughout the Caribbean region in multiple sectors and in multi-currencies for close to 30 years for various sovereigns, conglomerates, projects and issuers, both regionally and internationally.


Mr. Hill is a former Director and Vice President of the Trinidad and Tobago American Chamber of Commerce and served as a Director and Past President of the Securities Dealers Association of Trinidad and Tobago (SDATT).


He holds a Bachelor of Science Degree (Hons) in Economics from the University of the West Indies. Mr. Hill was the Top EMBA graduate of his cohort from the Arthur Lok Jack Global School of Business and has led the Alumni Association of the Business School as its Chair. He also attended the Harvard Business School, High Potential Leadership Programme. He is a graduate and Fellow of the Association of Chartered Certified Accountants (UK) (FCCA), a Member of the Institute of Chartered Accountants of Trinidad and Tobago (ICATT) and represents the Caribbean region as a Committee Member of the Accountants for Business Global ACCA Forum, based in the UK.

Steen Byskov

Senior financial officer

World Bank

Steen Byskov is a Senior Financial Officer at the World Bank’s Treasury.  His team provides bespoke structured finance solutions for clients and partners.  These include cat bonds for World Bank clients in emerging markets. Steen previously worked on financial sector development and financial stability in the World Bank’s operational departments for Latin America, Europe and Central Asia, East Asia the Pacific as well for the International Monetary Fund. Steen holds a Master’s Degree in Economics from the University of Copenhagen and an MBA from the University of Maryland.

13:1514:30

Networking lunch

13:15 - 14:30

14:4515:45

Green innovation and generative AI: implications for central banking

14:45 - 15:45

  • Introduction to generative AI and its key concepts
  • How can central banks use generative AI?
  • Challenges and ethical considerations
  • Future outlook and collaboration
Allister Hodge

Senior economist, financial stability unit

Eastern Caribbean Central Bank

Allister Hodge is currently Deputy Director in the Research Statistics and Data Analytics Department.  He has been employed at the past 15 years. He has worked in several areas of the department over the last 15 years. Prior to joining the ECCB he worked as an economist at the Ministry of Finance and Economy in Antigua and Barbuda.  He received his Bsc and Msc degrees in economics from the University of West Indies. His main areas of research are in the areas of financial stability  and development and macro-prudential policy. He also has a deep interest in big data analytics and machine learning and their application to economic problems.

Maryam Haghighi

Director of data science

Bank of Canada

Maryam Haghighi is the Director of Data Science at the Bank of Canada. In this role, she is responsible for the vision, development and execution of strategies related to data and advanced analytics, artificial intelligence, machine learning, as well as frontier technologies applicable to macroeconomics and central banking. She works with departments across the Bank to ensure timely robust analysis and insight is delivered towards the Bank’s objectives.

Ms. Haghighi has extensive experience in interdisciplinary leadership and strategic innovation. Prior to joining the Bank, she advanced key files in a variety of economic sectors to deliver tangible business value. Her career has encompassed work in public and private domains in aviation, aerospace, safety, security, health care and finance over many years.

Ms. Haghighi holds a PhD in Mathematics from the University of Ottawa.

Hans Genberg

Professor of economics, senior director of central banking and finance programmes

Asia School of Business

Hans Genberg is a professor of economics at the Asia School of Business and is the senior director of central banking and finance programmes. He has published considerably on issues related to exchange rate regimes, reserve management and capital markets development, having worked in senior roles at the South East Asian Central Bank (SEACEN) Research and Training Centre, the Hong Kong Monetary Authority (HKMA) IMF.​ Hans also has extensive academic experience, having been professor of international economics from 1979 to 2008 and head of the international economics department from 1989 to 1998 at the Graduate Institute of International Studies in Geneva, Switzerland.​ Hans holds a Ph.D. in Economics from the University of Chicago.

Maria Frantzi

Team lead and IT project manager

European Central Bank

Maria Frantzi is a Team Lead and IT Project Manager for Supervisory Technologies and Data  section at the ECB. Maria's expertise extends to driving innovation in diverse industries including the financial sector, leveraging emerging technologies such as artificial intelligence and data analytics to enhance regulatory processes. Maria holds an Msc on Electronic and Computer Engineering, as well as an Msc on Production Engineering and Management. With a background in project management, data management, and risk management, she has a successful track record of leading technical projects for the  European Insurance and Occupation Pensions Authority (EIOPA), Eurostat and European banks and insurance companies.

15:4516:00

Chair's closing remarks

15:45 - 16:00

Shernnel Thompson

Deputy director - research, statistics and data analytics department

Eastern Caribbean Central Bank

16:0016:15

Networking break

11:20 - 11:50

16:1516:45

Virtual presentation: Female leadership: Cultivating a collaborative culture in a changing world

16:00 - 16:30

Rosanna Costa

Governor

Central Bank of Chile

Rosanna Costa has been Governor of the Central Bank of Chile since February 2022, and a board member since January 2017. She graduated as an economist from the Pontifical Catholic University of Chile. She was Director of Budget of the Chilean Ministry of Finance between 2010 and 2013. She was also Deputy Director of the Instituto Libertad y Desarrollo and a member of the Council of the National Productivity Commission and the Technical Education Advisory Commission. She has taught at the Pontifical Catholic University of Chile and on graduate courses at the University of Chile.

16:4517:30

Governor's fireside chat

16:30 - 17:15

Chris Jeffery

Editor-in-chief

Central Banking Publications

Timothy Antoine

Governor

Eastern Caribbean Central Bank

Richard Byles

Governor

Bank of Jamaica

Richard Owen Byles was born in Kingston, Jamaica on 25 February 1951.

He has served the private and public sectors in several senior management positions spanning three decades, and is one of the most accomplished corporate leaders of his generation.

Mr. Byles was appointed Governor of Bank of Jamaica (BOJ) effective 19 August 2019.

Before assuming the role of BOJ Governor, he served as Chairman of Sagicor Group Jamaica Limited following 13 successful years at the helm of Sagicor Group Jamaica as President and Chief Executive Officer (CEO). Prior to his tenure at Sagicor, Mr. Byles served as President and CEO at PanJam Investment Limited for 13 years.

Mr. Byles was recently appointed as the Chairman of the Board of Commissioners of the Financial Services Commission effective 23 January 2023.
He was also appointed as the Chairman of the CARICOM Central Bank Governors meetings for 2023.

In addition to serving as Chairman for several Sagicor Group-related boards, he was also Chairman of several other boards, including Desnoes and Geddes Limited (Red Stripe Jamaica), and a Director on others, including PanJam Investment Limited.

His public sector service includes serving as the first private sector Co-Chairman of Jamaica’s landmark Economic Programme Oversight Committee (EPOC).

Mr. Byles holds a BSc in Economics from The University of the West Indies, Mona, and a MSc in National Development from the University of Bradford, England. He was awarded the Doctor of Humane Letters from Northern Caribbean University, and the Doctor of Business from the University College of the Caribbean.

He is also an inductee to the Private Sector Organization of Jamaica (PSOJ) Hall of Fame, and an awardee from both the Observer and Gleaner publications for his work as a private sector business leader.

Mr. Byles is married to Jacinth and has two sons, Pavel and Yannick.

Kareem Michael

Governor

Central Bank of Belize

Mr. Kareem Michael serves as the present Governor of the Central Bank of Belize. The Governor is appointed by the Governor General of Belize on the advice of the Prime Minister. He serves as the Chief Executive Officer of the Bank and is responsible for providing strategic direction and leadership, subject to the general overview of the Bank’s Board of Directors.

The Governor's principal focus is on the design and execution of policies that underpin monetary and exchange rate stability, soundness and development of the financial system and economic growth. The Governor undertakes and oversees Central Bank communications with the public to ensure that these are in alignment with the Bank’s primary goals and objectives.

Her Excellency Froyla Tzalam, Governor-General of Belize, on the advice of the Hon. John Briceno, Prime Minister and Minister of Finance, Economic Development, and Investment, appointed Mr. Kareem Michael as Governor of the Central Bank of Belize, with effect from 1 December 2021.

Mr. Michael began his work at the Central Bank as Monetary Economist in 2000. He later led the development of and oversaw the Bank’s Statistical Unit and was promoted to Deputy Director of the Research Department in 2008. In 2014, Mr. Michael resigned from the Central Bank to take up the position of Senior Business Analyst at the Belize Electricity Limited. He returned to the Central Bank as Deputy Governor in November 2017, with responsibility for the Financial System Supervision Department, Research Department, and Compliance Unit.

Mr. Michael performed as Acting Governor since 13 August 2021, before assuming the substantive position of Governor. Mr. Michael brings a wealth of supervisory and regulatory experience to the role. His areas of expertise include Monetary Policy, Exchange Rates and Capital Flows, Economic Indicators and Survey Methods, Financial Programming and Policies, Monetary and Financial Statistics Compilation, Leadership Development, and Project Management. Mr. Michael holds a Master of Public Administration Degree in Economics from the Columbia University in New York City, as well as a Bachelor of Arts in Economics from Valdosta State University in Georgia, USA.

Dr Ernest Addison

Governor

Bank of Ghana

Dr. Ernest Kwamina Yedu Addison earned a PhD in Economics from McGill University in Montreal, Canada in June 1993 with specialization in Monetary Economics, Economic Development and International Economics. Prior to this, he had gained an M.Phil in Economics and Politics from Cambridge University as an ODA scholar.  Dr Addison graduated earlier with a B.A (Hons) degree in June 1986 from the University of Ghana.  Over the period of his career at the Central Bank, Dr Addison has taken several Central Banking training programmes in financial programming and policy, central bank reserves management with the IMF, the Swiss Central Bank, the Bank of England and the Bank of Israel to name a few.

Upon graduation at Legon, he taught as a Teaching assistant in the Economics Department, and following that a Graduate Teaching Assistant at the Department of Economics at McGill University and a part time lecturer at the faculty for continuing education at McGill University. Dr Addison worked extensively in the Economic Policy arena, working with a group of consultants on the Privatization of the Kingston Harbour in Jamaica.  He later on joined the Bank of Ghana where he rose to become the Head of Research Department at the Bank of Ghana from 2003 to 2011.  During this period, Dr. Addison played key roles in the decision-making processes, participated in several discussions with IMF/World Bank Teams on Ghana’s Financial Programmed, and was a core member of Bank of Ghana delegations to high level policy meetings on the Ghanaian economy.  He also chaired several Committees, including the International Taskforce on WAMZ, Economic Policy Coordinating Committee, and the Technical Committee on Redenomination of the Cedi, and the Taskforce on Second Monetary Zoon Project.

Dr. Addison took some time off and joined the African Development Bank as Lead Economist, Regional Operations 2011 to 2013, and then as Lead Regional Economist Southern African Resource Centre from 2014 to 2016 where he led the policy dialogue in the Southern African region of the African Development Bank.

With this illustrious career spanning over 30 years of experience working in the broader areas of public service, with a focus on Economic Development, Monetary Policy Formulation and Implementation, and Macroeconomic Surveillance, Dr. Addison was appointed Governor of the Bank of Ghana on April 3, 2017 by His Excellency, Nana Akufo Addo, President of the Republic of Ghana.  With his deep knowledge and experience in financial markets, foreign exchange market and sound macro-economic, Governor Addison has demonstrated strong leadership, management and policy skills, and inspired confidence and credibility both within the Bank and throughout the financial sector.

Under his leadership, the Bank of Ghana has achieved several successes in the pursuit of macroeconomic and financial stability, following the implementation of prudent monetary policies to bring inflation down to single digits, and widespread policy and regulatory reforms including major recapitalization efforts over the years.  This has cleaned up the financial sector, strengthened governance and the supervisory frameworks, and repositioned the sector to undertake its primary role of financial intermediation for the growth and development of the country.

In addition to his Governorship role, Dr. Addison served as the Chair of the Board of Governors of the IMF and World Bank at the 2020 Annual meetings of the World bank and the IMF in Washington DC.  He is currently a Co-chair, of the Financial Stability Board (FSB), a Regional Consultative group for Sub-Saharan Africa, Chairman of the Board of Directors of the Ghana International Bank, and a member of the Ghana Cocoa Board, among others.

18:0023:00

ECCB Bankers Awards, followed by Cocktail and Cultural Expose

19:00 - 22:00

Fintech - November 8th

08:0009:00

Registration & breakfast

08:00 - 09:00

09:0009:30

Opening ceremony: Welcome to the Autumn Meetings

09:00 - 09:30

Timothy Antoine

Governor

Eastern Caribbean Central Bank

Valda Henry

Deputy governor

Eastern Caribbean Central Bank

Valda Frederica Henry is the Deputy Governor of the Eastern Caribbean Central Bank. She is VF Inc.’s former Chief Executive Officer and Principal Trainer. She formerly served as a Senior Investment Officer at the Eastern Caribbean Central Bank and played an instrumental role in the restructuring of the Investment Unit and the development of the Investment Management Framework of the Bank. She has lectured in, among other subjects, Human Resource Management and Accounting and has extensive experience in organisational reviews, job analyses and job descriptions working with companies in the Caribbean and served as the Coordinator of the Administrative Reform Program of the Commonwealth of Dominica. She has served as a Mentor for Executive and Middle Managers in many sectors including banking, hospitality and utility. Valda is also a Global Human Resources and Organizational Development Expert who excels at collaboration, with very strong interpersonal, communications, leadership and decision-making skills. She has developed and led numerous multi-year personal and professional development programs for youth in Dominica as well as individuals and businesses throughout the Caribbean. She hosted a weekly radio and twice- monthly television programs on which she discussed solutions to challenges faced by businesses in the region. She wrote a Column, “Business and Life,” for the online newspaper, “Dominica News Online. Valda holds formal qualifications in Financial Analysis and Planning, Governance and Business Management. She is a Chartered Financial Analyst, holds a PhD in Industrial Relations & Business, Masters of Business Administration, Bachelors in Management and Bachelors in Law. She is a Certified Global Professional in Human Resources, Society for Human Resource Management, Senior Certified Professional (SHRM-SCP) and an Accredited Director. She is also a Certified ProNet Trainer and a Myers Briggs Type Indicator (MBTI) Practitioner and a Certified “Train the Trainer” for InfoDev and the Women Innovators Network in the Caribbean (WINC).

Chris Jeffery

Editor-in-chief

Central Banking Publications

09:3010:00

Financing and green innovation and development: paths for emerging markets and small open economies

09:30 - 10:00

Tobias Adrian

Financial counsellor and director of the monetary and capital markets department

International Monetary Fund

Tobias Adrian is the Financial Counsellor and Director of the Monetary and Capital Markets Department of the International Monetary Fund (IMF). In this capacity, he leads the IMF’s work on financial sector surveillance, monetary and macroprudential policies, digital money, financial regulation, bank resolution, debt management, capital markets, and climate finance. He also oversees capacity building activities in IMF member countries with regard to the supervision and regulation of financial systems, bank resolution, central banking, monetary and exchange rate regimes, central bank digital currency, and debt management. 

Prior to joining the IMF, Mr. Adrian was a Senior Vice President of the Federal Reserve Bank of New York and the Associate Director of the Research and Statistics Group. At the Federal Reserve, he contributed to monetary policy, financial stability policies, and to crisis management.  

Mr. Adrian has published extensively in economics and finance journals. His research spans macro-finance, monetary policy, financial stability, and climate finance, with a focus on aggregate consequences of capital markets developments. He has taught at Princeton University and New York University. He is member of the editorial boards of the International Journal of Central Banking and the Annual Review of Financial Economics.  

Mr. Adrian holds a Ph.D. from the Massachusetts Institute of Technology in Economics, an MSc from the London School of Economics in Econometrics and Mathematical Economics, a Diplom from Goethe University Frankfurt and a Maîtrise from Dauphine University Paris. He received his Abitur in Literature and Mathematics from Humboldtschule Bad Homburg. 

10:1510:30

Chair's opening remarks

10:15 - 10:30

Clair Mills

Director of strategic change and operations for markets, banking and payments

Bank of England

Clair Mills is the Director of Strategic Change and Operations for the Markets, Banking and Payments Deputy Governorship, at the Bank of England, and is responsible for middle and back office operations, which includes delivery of the Markets, Banking and Payments Operations and Data Strategy, Budget, Operational Resilience and Risk and the Investment and Change Portfolio. Clair has over 20 years’ extensive financial services experience operating at board level and leading successful strategic and transformational change in a number of complex organisations, having started her career in the Building Society and Retail Banking sector, before moving into Operational and Technological Change Management and Consultancy. Clair joined the Financial Services Authority in 2011 to lead the Internal Twin Peaks programme transition to the PRA and FCA regulatory model, moving across to the Bank of England with the PRA becoming the Chief Operating Officer in the PRA in 2018. In her current role, as well as providing the leadership, management and vision necessary to support the business and to ensure that the proper operational controls, administrative and reporting procedures, and people systems are in place, Clair is also responsible for leading the area’s extensive project portfolio, helping translate business and policy vision into deliverable change programmes, this includes giving key note speeches both in the UK and internationally on topics such as Financial and Regulatory Technology (FinTech/RegTech) and how Central Banks and regulators can take advantage of the advances in technology in the work we do.

10:3011:30

Fintech’s growing role in increasing efficiency in financial systems

10:30 - 11:30

  • Bridging the gap for financial inclusion
  • Fostering innovation while looking at regulation through accelerators and sandboxes
  • Consumer rights and data rights
  • Harnessing digital transformation for sustainable development goals
Clair Mills

Director of strategic change and operations for markets, banking and payments

Bank of England

Clair Mills is the Director of Strategic Change and Operations for the Markets, Banking and Payments Deputy Governorship, at the Bank of England, and is responsible for middle and back office operations, which includes delivery of the Markets, Banking and Payments Operations and Data Strategy, Budget, Operational Resilience and Risk and the Investment and Change Portfolio. Clair has over 20 years’ extensive financial services experience operating at board level and leading successful strategic and transformational change in a number of complex organisations, having started her career in the Building Society and Retail Banking sector, before moving into Operational and Technological Change Management and Consultancy. Clair joined the Financial Services Authority in 2011 to lead the Internal Twin Peaks programme transition to the PRA and FCA regulatory model, moving across to the Bank of England with the PRA becoming the Chief Operating Officer in the PRA in 2018. In her current role, as well as providing the leadership, management and vision necessary to support the business and to ensure that the proper operational controls, administrative and reporting procedures, and people systems are in place, Clair is also responsible for leading the area’s extensive project portfolio, helping translate business and policy vision into deliverable change programmes, this includes giving key note speeches both in the UK and internationally on topics such as Financial and Regulatory Technology (FinTech/RegTech) and how Central Banks and regulators can take advantage of the advances in technology in the work we do.

João Wong A Foe

Head, Fintech and information technology

Central Bank of Suriname

Teresa Pascoal

Director of the governor's office

National Bank of Angola

Teresa Nainde E. Pascoal is the Director of the Governor’s Office at the Angolan Central Bank (Banco Nacional de Angola, BNA). Teresa was the Co-Chair I of the Financial Inclusion’s (AFI) Financial Inclusion Strategy Peer Learning Group (FISPLG) from 2022 to 2023 and Co-Chair II from 2021-2022. She was previously the Director of the Financial Inclusion Department (Departamento de Inclusão Financeira, DIF) from 2018-2023 and Manager of the Microfinance Project from 2018-2020 at the Angolan Central Bank. In 2018 she led the development of the Financial Inclusion Observatory Project, which began in 2018. Teresa was the Director of the Department of Economic Studies (Departamento de Estudos Económicos, DEE) from 2016 to 2018, and served as the Assistant of Technical and Scientific Projects, as well as Manager of Policies and Systems of Analysis and Prediction. From 2016 to 2017, Teresa was Chair of SADC’s CCBG Macroeconomic Subcommittee.

Teresa is a founding member of the Fulbright Association of Former Scholarship Recipients and served as President from 2006 to 2021 in Luanda, Angola. She also taught Microeconomics at Lusíada University in Angola in the Economics Department from 2005 to 2009.

Teresa holds a Bachelor of International Finance and Economics from Humboldt University, a Master of Development Economics from Williams College, and a master’s degree from International Finance and Economics from Brandeis University.

Arvinder Bharath

Lead digital expert

International Monetary Fund

Arvinder Bharath, is Lead Digital Expert in the IMF’s Digital Advisory Unit. She provides technical assistance to member countries on issuance of central bank digital countries and more broadly, on digital risks associated with modern and transformative technologies used for digitalization. Her skills and experience span technology, commercial banking, regulatory oversight, and policy setting across developed and emerging economies. Arvinder has held senior roles with Barclays Bank across the UK, Western Europe, India, the Middle East and Sub-Sharan Africa; and with RBC Royal Bank of Canada as President and Country Head for Trinidad and Tobago. She later joined the Central Bank of Trinidad and Tobago, as Deputy Inspector of Financial Institutions and subsequently led the Bank’s Financial Technology, Information Security and Knowledge and Information Management departments. Arvinder has an MBA in Banking and a B.Sc. in Information Technology - both, from the University of London.

11:3012:00

Networking break

11:30 - 12:00

12:1513:15

Meaningful ways to leverage technology for better, data-informed decisions

12:15 - 13:15

  • Strategic decision making in central banking through the integration of data from diverse sources
  • Utilising big data and machine learning for efficient handling of financial data
  • How can sensitive information be safeguarded in the era of big data and AI adoption?
Maryam Haghighi

Director of data science

Bank of Canada

Maryam Haghighi is the first Director of Data Science at the Bank of Canada. With a stellar track record in leading data-driven innovation, emerging technologies and transformation in public and private sectors, she is responsible for the vision and development of strategies in digital, data, quantum computing and information technology. A strategic and collaborative leader and influencer who has advanced key files in a variety of economic sectors. Proven expertise to attract top tier talent and build diverse and globally-recognized multidisciplinary teams. Canada’s delegate to international advisory panels under the United Nations. Experienced in crafting compelling narratives for innovation and transformation within the context of complex ecosystems and policy issues, such as a central bank.

Over the course of her career, Maryam has overseen the implementation of sophisticated solutions for multi-billion-dollar projects on the ground and in the skies. She led the team that pioneered the first ever space-based analytics system in a satellite constellation. Maryam was applauded for leading the largest analytics memorandum to cabinet for the creation of a highly successful nation-wide security program that drove the employment of thousands of diverse talent. She has a reputation of building consensus and a thorough understanding of labour relations and collective bargaining agreements.

Maryam holds a Ph.D. in Mathematics from the University of Ottawa, followed by a postdoctoral fellowship in phylogenetic analysis. She has been a consultant for start-ups, patent processes, and research programs. Maryam has a deep passion for interdisciplinary work as well as supporting women in STEM. She is active in community outreach and has served on grants-advisory panels and as a mentor and judge for scientific competitions. A recognized leader in the world of data and technology, Maryam is frequently invited to share her experience at national and international academic, industry and public sector events as a keynote speaker, panelist and moderator.

She is a board member at philanthropic and not-for-profit organizations. When not working, she can be found taking hikes in nature, learning about oceans, boats, airplanes and space, volunteering with local shelters and rescue organizations.

13:1514:30

Networking lunch

13:15 - 14:30

14:4515:45

Cyber resilience in central banks: navigating threats and strengthening information assets

14:45 - 15:45

  • How are cyber threats evolving?
  • Strengthening information assets – implementing secure systems, network segmentation, and access control
  • How can central banks, as regulators, increasing the cyber resilience on the financial sector?
  • How can central banks adopt good practices to improve the own cyber resilience?
Filipe Dinis

Chief operating officer

Bank of Canada

Filipe Dinis is Chief Operating Officer at the Bank of Canada. In this capacity, he oversees the Bank’s operations, strategic planning, risk, and corporate functions, including the currency function. He is also the Chair of the Canadian Financial Sector Resiliency Group (CFRG) with a mandate to enhance the operational resilience of Canada’s critical financial sector.

Before joining the Bank, he served in the federal Privy Council Office as Assistant Secretary to the Cabinet, providing strategic advice and analysis to the Clerk of the Privy Council on Business Transformation and Public Service Renewal. He also served as Secretary to the Prime Minister’s Advisory Committee on the Public Service. Before that, he was Chief Financial Officer and Assistant Commissioner at the Canada Revenue Agency. He also currently serves as Chair of the Audit and Finance Committee on the Board of Directors of the Children’s Hospital of Eastern Ontario.

Mr. Dinis holds a Bachelor of Commerce from McGill University and is a chartered professional accountant. Mr. Dinis also received the Queen’s Diamond Jubilee Medal.

Adolfo Sarmiento

Head of economic policy and markets

Central Bank of Uruguay

Adolfo Sarmiento is Head of Economic Policy and Markets, advising to the board at the Central Bank of Uruguay, he is responsible for the Monetary Policy implementation, and he’s also involved in FinTech specially in the CBDC Projects. 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 a PhD in Economics for the Catholic University of Argentina.

Keisha Lashley

Assistant manager for information & cybersecurity

Central Bank of Trinidad and Tobago

Keisha Lashley is the Assistant Manager, Information & Cybersecurity at the Central Bank of Trinidad and Tobago.  She leads the execution of the organization’s Cybersecurity programme and she provides technical guidance to help the institution maintain a resilient cybersecurity posture.  She has helped to shape the strategic direction of the IT department and has led numerous discussions at the Board and Management levels on cyber-risk.   During her career, Keisha has served in various capacities, including: Chairperson of the Cybersecurity Information Sharing Group (CISG) – a threat intelligence group for all regional Central Banks; lead for the CBTT Cybersecurity Incident Response Team (CIRT) and the Technology sub-committee of the Business Continuity Team. Keisha has a Master’s degree in Information Systems from George Washington University and a Bachelor’s degree in Information Systems from Morgan State University.   She holds various certifications including the Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), Systems Security Certified Professional (SSCP), Certified Information Technology Manager (CITM) and Project Management Professional (PMP).

Karmendra Kohli

Co-Founder and chief executive officer

SecurEyes

15:4516:00

Chair's closing remarks

15:45 - 16:00

Clair Mills

Director of strategic change and operations for markets, banking and payments

Bank of England

Clair Mills is the Director of Strategic Change and Operations for the Markets, Banking and Payments Deputy Governorship, at the Bank of England, and is responsible for middle and back office operations, which includes delivery of the Markets, Banking and Payments Operations and Data Strategy, Budget, Operational Resilience and Risk and the Investment and Change Portfolio. Clair has over 20 years’ extensive financial services experience operating at board level and leading successful strategic and transformational change in a number of complex organisations, having started her career in the Building Society and Retail Banking sector, before moving into Operational and Technological Change Management and Consultancy. Clair joined the Financial Services Authority in 2011 to lead the Internal Twin Peaks programme transition to the PRA and FCA regulatory model, moving across to the Bank of England with the PRA becoming the Chief Operating Officer in the PRA in 2018. In her current role, as well as providing the leadership, management and vision necessary to support the business and to ensure that the proper operational controls, administrative and reporting procedures, and people systems are in place, Clair is also responsible for leading the area’s extensive project portfolio, helping translate business and policy vision into deliverable change programmes, this includes giving key note speeches both in the UK and internationally on topics such as Financial and Regulatory Technology (FinTech/RegTech) and how Central Banks and regulators can take advantage of the advances in technology in the work we do.

16:0016:15

Networking break

11:20 - 11:50

16:1516:45

Virtual presentation: Female leadership: Cultivating a collaborative culture in a changing world

16:00 - 16:30

Rosanna Costa

Governor

Central Bank of Chile

Rosanna Costa has been Governor of the Central Bank of Chile since February 2022, and a board member since January 2017. She graduated as an economist from the Pontifical Catholic University of Chile. She was Director of Budget of the Chilean Ministry of Finance between 2010 and 2013. She was also Deputy Director of the Instituto Libertad y Desarrollo and a member of the Council of the National Productivity Commission and the Technical Education Advisory Commission. She has taught at the Pontifical Catholic University of Chile and on graduate courses at the University of Chile.

16:4517:30

Governor's fireside chat

16:30 - 17:15

Chris Jeffery

Editor-in-chief

Central Banking Publications

Timothy Antoine

Governor

Eastern Caribbean Central Bank

Richard Byles

Governor

Bank of Jamaica

Richard Owen Byles was born in Kingston, Jamaica on 25 February 1951.

He has served the private and public sectors in several senior management positions spanning three decades, and is one of the most accomplished corporate leaders of his generation.

Mr. Byles was appointed Governor of Bank of Jamaica (BOJ) effective 19 August 2019.

Before assuming the role of BOJ Governor, he served as Chairman of Sagicor Group Jamaica Limited following 13 successful years at the helm of Sagicor Group Jamaica as President and Chief Executive Officer (CEO). Prior to his tenure at Sagicor, Mr. Byles served as President and CEO at PanJam Investment Limited for 13 years.

Mr. Byles was recently appointed as the Chairman of the Board of Commissioners of the Financial Services Commission effective 23 January 2023.
He was also appointed as the Chairman of the CARICOM Central Bank Governors meetings for 2023.

In addition to serving as Chairman for several Sagicor Group-related boards, he was also Chairman of several other boards, including Desnoes and Geddes Limited (Red Stripe Jamaica), and a Director on others, including PanJam Investment Limited.

His public sector service includes serving as the first private sector Co-Chairman of Jamaica’s landmark Economic Programme Oversight Committee (EPOC).

Mr. Byles holds a BSc in Economics from The University of the West Indies, Mona, and a MSc in National Development from the University of Bradford, England. He was awarded the Doctor of Humane Letters from Northern Caribbean University, and the Doctor of Business from the University College of the Caribbean.

He is also an inductee to the Private Sector Organization of Jamaica (PSOJ) Hall of Fame, and an awardee from both the Observer and Gleaner publications for his work as a private sector business leader.

Mr. Byles is married to Jacinth and has two sons, Pavel and Yannick.

Kareem Michael

Governor

Central Bank of Belize

Mr. Kareem Michael serves as the present Governor of the Central Bank of Belize. The Governor is appointed by the Governor General of Belize on the advice of the Prime Minister. He serves as the Chief Executive Officer of the Bank and is responsible for providing strategic direction and leadership, subject to the general overview of the Bank’s Board of Directors.

The Governor's principal focus is on the design and execution of policies that underpin monetary and exchange rate stability, soundness and development of the financial system and economic growth. The Governor undertakes and oversees Central Bank communications with the public to ensure that these are in alignment with the Bank’s primary goals and objectives.

Her Excellency Froyla Tzalam, Governor-General of Belize, on the advice of the Hon. John Briceno, Prime Minister and Minister of Finance, Economic Development, and Investment, appointed Mr. Kareem Michael as Governor of the Central Bank of Belize, with effect from 1 December 2021.

Mr. Michael began his work at the Central Bank as Monetary Economist in 2000. He later led the development of and oversaw the Bank’s Statistical Unit and was promoted to Deputy Director of the Research Department in 2008. In 2014, Mr. Michael resigned from the Central Bank to take up the position of Senior Business Analyst at the Belize Electricity Limited. He returned to the Central Bank as Deputy Governor in November 2017, with responsibility for the Financial System Supervision Department, Research Department, and Compliance Unit.

Mr. Michael performed as Acting Governor since 13 August 2021, before assuming the substantive position of Governor. Mr. Michael brings a wealth of supervisory and regulatory experience to the role. His areas of expertise include Monetary Policy, Exchange Rates and Capital Flows, Economic Indicators and Survey Methods, Financial Programming and Policies, Monetary and Financial Statistics Compilation, Leadership Development, and Project Management. Mr. Michael holds a Master of Public Administration Degree in Economics from the Columbia University in New York City, as well as a Bachelor of Arts in Economics from Valdosta State University in Georgia, USA.

Dr Ernest Addison

Governor

Bank of Ghana

Dr. Ernest Kwamina Yedu Addison earned a PhD in Economics from McGill University in Montreal, Canada in June 1993 with specialization in Monetary Economics, Economic Development and International Economics. Prior to this, he had gained an M.Phil in Economics and Politics from Cambridge University as an ODA scholar.  Dr Addison graduated earlier with a B.A (Hons) degree in June 1986 from the University of Ghana.  Over the period of his career at the Central Bank, Dr Addison has taken several Central Banking training programmes in financial programming and policy, central bank reserves management with the IMF, the Swiss Central Bank, the Bank of England and the Bank of Israel to name a few.

Upon graduation at Legon, he taught as a Teaching assistant in the Economics Department, and following that a Graduate Teaching Assistant at the Department of Economics at McGill University and a part time lecturer at the faculty for continuing education at McGill University. Dr Addison worked extensively in the Economic Policy arena, working with a group of consultants on the Privatization of the Kingston Harbour in Jamaica.  He later on joined the Bank of Ghana where he rose to become the Head of Research Department at the Bank of Ghana from 2003 to 2011.  During this period, Dr. Addison played key roles in the decision-making processes, participated in several discussions with IMF/World Bank Teams on Ghana’s Financial Programmed, and was a core member of Bank of Ghana delegations to high level policy meetings on the Ghanaian economy.  He also chaired several Committees, including the International Taskforce on WAMZ, Economic Policy Coordinating Committee, and the Technical Committee on Redenomination of the Cedi, and the Taskforce on Second Monetary Zoon Project.

Dr. Addison took some time off and joined the African Development Bank as Lead Economist, Regional Operations 2011 to 2013, and then as Lead Regional Economist Southern African Resource Centre from 2014 to 2016 where he led the policy dialogue in the Southern African region of the African Development Bank.

With this illustrious career spanning over 30 years of experience working in the broader areas of public service, with a focus on Economic Development, Monetary Policy Formulation and Implementation, and Macroeconomic Surveillance, Dr. Addison was appointed Governor of the Bank of Ghana on April 3, 2017 by His Excellency, Nana Akufo Addo, President of the Republic of Ghana.  With his deep knowledge and experience in financial markets, foreign exchange market and sound macro-economic, Governor Addison has demonstrated strong leadership, management and policy skills, and inspired confidence and credibility both within the Bank and throughout the financial sector.

Under his leadership, the Bank of Ghana has achieved several successes in the pursuit of macroeconomic and financial stability, following the implementation of prudent monetary policies to bring inflation down to single digits, and widespread policy and regulatory reforms including major recapitalization efforts over the years.  This has cleaned up the financial sector, strengthened governance and the supervisory frameworks, and repositioned the sector to undertake its primary role of financial intermediation for the growth and development of the country.

In addition to his Governorship role, Dr. Addison served as the Chair of the Board of Governors of the IMF and World Bank at the 2020 Annual meetings of the World bank and the IMF in Washington DC.  He is currently a Co-chair, of the Financial Stability Board (FSB), a Regional Consultative group for Sub-Saharan Africa, Chairman of the Board of Directors of the Ghana International Bank, and a member of the Ghana Cocoa Board, among others.

18:0023:00

ECCB Bankers Awards, followed by Cocktail and Cultural Expose

19:00 - 22:00

Reserve Management - November 9th

08:0009:00

Registration & breakfast

08:00 - 09:00

09:0009:10

Welcome to day 2 of the Autumn Meetings

09:00 - 09:10

Chris Jeffery

Editor-in-chief

Central Banking Publications

09:1010:00

The future of money: a possible role for CBDCs and the implications

09:10 - 10:00

Alexandre Tombini

Chief representative for the Americas

Bank for International Settlements

Alexandre Tombini became Chief Representative of the BIS Office for the Americas on 1 September 2019.

Before joining the BIS, he was Executive Director of the Board at the International Monetary Fund for Brazil, Cabo Verde, the Dominican Republic, Ecuador, Guyana, Haiti, Nicaragua, Panama, Suriname, Timor-Leste and Trinidad and Tobago.

Previously, he served as Governor of the Central Bank of Brazil. Also, at the Central Bank of Brazil he held the roles of Deputy Governor for Financial System Regulation and Deputy Governor for Economic Research.

He also held positions as a Board member of the BIS and Chairman of the Standing Committee on Budget Resources of the Financial Stability Board.

10:1510:30

Chair's opening remarks

10:15 - 10:30

Jennifer Johnson-Calari

Consultant

Central bank and sovereign investments

Ms. Johnson-Calari created and led the World Bank's Reserves Advisory and Management Program (RAMP), which is one of the world's leading providers of consulting and capacity building services to public sector asset managers. In this capacity, she worked globally with central banks, national pension funds and sovereign wealth funds in strengthening governance and building investment management capacity. She contributed to setting global standards of best practice for the management of sovereign assets and liabilities working with the IMF on the Reserves Management Guidelines and the ISWF's "Santiago Principles". Ms. Johnson-Calari has contributed to several books on the topic of portfolio and risk management and was a contributing author and editor of Sovereign Wealth Management, London: Central Banking Publications, 2008. She is a well-known expert on issues relating to central bank reserves management and portfolio management and has spoken widely at international conferences in both official and private sector fora.

She began her career with the Board of Governors of the Federal Reserve System in banking supervision with a focus on commercial bank asset/liability and risk management issues. She has earned advanced degrees from the Harvard Business School (GMP, 2004) the Johns Hopkins School of Advanced International Studies (SAIS) (MA, 1981) and is a Chartered Financial Analyst (CFA). She currently serves as a consultant to several international financial institutions.

10:3011:30

Understanding reserves under market uncertainty and sticky inflation

10:30 - 11:30

  • Exploring the impact of market uncertainty on reserve management strategies
  • Analysing the challenges posed by sticky inflation in maintaining adequate reserves
  • Discussing effective approaches to balance reserve adequacy and inflationary pressures
  • Identifying key considerations and policy implications for managing reserves in an uncertain economic environment
Jennifer Johnson-Calari

Consultant

Central bank and sovereign investments

Ms. Johnson-Calari created and led the World Bank's Reserves Advisory and Management Program (RAMP), which is one of the world's leading providers of consulting and capacity building services to public sector asset managers. In this capacity, she worked globally with central banks, national pension funds and sovereign wealth funds in strengthening governance and building investment management capacity. She contributed to setting global standards of best practice for the management of sovereign assets and liabilities working with the IMF on the Reserves Management Guidelines and the ISWF's "Santiago Principles". Ms. Johnson-Calari has contributed to several books on the topic of portfolio and risk management and was a contributing author and editor of Sovereign Wealth Management, London: Central Banking Publications, 2008. She is a well-known expert on issues relating to central bank reserves management and portfolio management and has spoken widely at international conferences in both official and private sector fora.

She began her career with the Board of Governors of the Federal Reserve System in banking supervision with a focus on commercial bank asset/liability and risk management issues. She has earned advanced degrees from the Harvard Business School (GMP, 2004) the Johns Hopkins School of Advanced International Studies (SAIS) (MA, 1981) and is a Chartered Financial Analyst (CFA). She currently serves as a consultant to several international financial institutions.

Patricia Gulyetonda

Head, Reserves and investment management operations

Bank of Uganda

I am the Head of Reserves and Investment Management Operations at the Central Bank of Uganda since February 2022, prior to that I held several roles all revolving around the reserves management process.

My current role involves providing leadership to the portfolio management team, the global markets research as well as the external fund managers and liaison of the reserves management capacity building programs in the Bank.  The role also involves giving advice to senior management and development of reserves management proposals and frameworks including; the Investment Policy and the Strategic Asset Allocation.

Prior to this role, I was a portfolio manager responsible for the BOU’s money markets portfolio, in the foreign exchange reserves for 7 years. This  required  management and monitoring of daily fx liquidity needs for BOU & government payments, as well as investments in the money markets instruments, proposal and implementation of Strategic Asset Allocation and Investment Policy.

In addition to portfolio management, I’m passionate about efficiency in reserves management operations. In that line, I have taken a lead role in implementing two of the BOU’s reserves management systems which involved automation of the reserves management processes for improved efficiency.

I am also involved in BOU’s sustainability efforts which embody the Bank’s ESG initiatives. I am a member of the taskforce that studied and saw through to approval the Central Bank led model of Sustainability, which is currently being implemented in the BOU.

I possess a Bachelor’s degree in International Business from Makerere University Business School, a Masters Degree in Business Administration from the East and Southern African Management Institute. I am a certified Prince 2 Project Management Practitioner and an ACI Financial Markets Association certified portfolio trader.

Niall Pistana

Deputy director, Banking and monetary operation department

Eastern Caribbean Central Bank

Diana Dengo, CFA

Vice president and investment director

Wellington Management Company LLP

As an investment director in Investment Product & Fund Strategies, Diana is responsible for the Global Bond suite of investment approaches. She works closely with the fixed income investment teams and investment directors to help ensure the integrity of their investment approaches by overseeing portfolio positioning, performance, and risk exposures. She meets regularly with the investment teams and contributes to developing new products and client solutions and managing business issues such as capacity, fees, and guidelines. She also participates in meetings with clients, prospects, and consultants to communicate our investment philosophy, strategy, positioning, and performance.

Diana re-joined Wellington in 2021, after previously working at Wellington as a portfolio specialist and, later, investment director in Investment Product & Fund Strategies. Prior to joining Wellington, she worked as a portfolio analyst at New Holland Capital, LLC. Before that she worked at Citigroup as an analyst in the Global Securitized Markets Group.

Diana earned an MBA, with honors, from the University of Pennsylvania (Wharton) and a BA in economics from Yale University. Additionally, she holds the Chartered Financial Analyst designation and is a member of the CFA Institute and New York Society of Security Analysts.

11:3012:00

Networking break

11:30 - 12:00

12:1513:15

Decoding asset allocation: tactical vs. strategic approaches and tools and techniques for diversification

12:15 - 13:15

  • Short-term vs. long-term approaches for asset diversification
  • Tools and techniques for effective diversification to minimise risk and enhance returns
  • Tactical & Strategic Benefits: Navigating market volatility for financial success
  • Understanding diversification's power in tactical and strategic investment approaches
Juan Carlos Quintero

Senior financial officer, Reserve advisory and management partnership

World Bank

Juan is a Senior Financial Officer in the World Bank Treasury, where he works as an engagement manager for the Reserves Advisory and Management Partnership (RAMP).  He is responsible for coordinating and developing capacity building programs and technical assistance for RAMP’s members.

Prior to joining RAMP, Juan was the Chief Investment Officer of Fogafin, Colombia’s deposit insurance agency, overseeing the investment of all portfolios and reporting directly to the institution’s board of directors. He also worked on resolution strategies, financial crisis simulations, and liability modeling. Additionally, Juan has substantial experience in reserve management. He began his career as a portfolio manager for Colombia’s central bank, where he was later promoted to head of risk management and as the technical advisor to the Deputy Governor supporting the bank’s strategic planning. As head of risk management, he led the development of investment guidelines and risk management initiatives, and he supervised the external management program.

He holds a bachelor’s degree in engineering from Universidad de los Andes in Colombia, as well as a master’s degree in applied economics and a master’s degree in applied statistics, both from the University of Michigan in the United States. Juan also has a PhD in Finance from EDHEC Business School in France. He is a CFA and an FRM charterholder.

Dorian Noel

Deputy governor - monetary operations and policy

Central Bank of Trinidad and Tobago

Dr. Dorian M. Noel is currently the Deputy Governor (Monetary Operations and Policy) of the Central Bank of Trinidad and Tobago and a Governor of the Board of Governors of the Heritage and Stabilisation Fund of Trinidad and Tobago (HSF).

Dr. Noel is a former Commonwealth Scholar to the ICMA Centre (The Business School for Financial Markets) at Henley Business School, University of Reading, where he obtained his PhD in Finance. He is also a former Commonwealth Academic Fellow to the Systemic Risk Centre, London School of Economics and Political Science.

Dr. Noel holds a Chartered Alternative Investment Analyst (CAIA) professional designation from the CAIA Association. In recognition of his outstanding contributions to the advancement of the Institute of Banking and Finance of Trinidad and Tobago (IBF), Dr. Noel was conferred with the title of Fellow of the Institute of Banking and Finance of Trinidad and Tobago in 2014.

Kristina Hooper

Chief global market strategist

Invesco

Kristina Hooper joined Invesco Ltd. in 2017 and is Chief Global Market Strategist. Prior to Invesco, Ms. Hooper was US investment strategist at Allianz Global Investors, having previously held positions at PIMCO Funds, UBS (formerly PaineWebber) and MetLife. She has regularly been quoted in The Wall Street Journal, The New York Times, Reuters and other financial news publications. She was featured on the cover of the January 2015 issue of Kiplinger’s magazine, and has appeared regularly on CNBC and Reuters TV.

Ms. Hooper earned a BA degree, cum laude, from Wellesley College; a J.D. from Pace University School of Law, where she was a Trustees’ Merit Scholar; an MBA in finance from New York University, Leonard N. Stern School of Business, where she was a teaching fellow in macroeconomics and organizational behaviour; and a master’s degree from the Cornell University School of Industrial and Labour Relations, where she focused on labour economics.

Ms. Hooper holds the Certified Financial Planner, Chartered Alternative Investment Analyst, Certified Investment Management Analyst and Chartered Financial Consultant designations. She serves on the board of trustees of the Foundation for Financial Planning, which is the pro bono arm of the financial planning industry, and Hour Children.

Luis Guilherme Siciliano Pontes

Deputy head of the foreign reserves department

Central Bank of Brazil

Luis Guilherme Siciliano Pontes has joined Banco Central do Brasil (BCB) in 2003, having worked in reserve management and FX policy operations. Nowadays he is the Deputy Head of the Foreign Reserves Department. Before that, he was the Head of the Foreign Exchange Division, being responsible for monitoring of and intervention in the Brazilian FX market. On the international reserves side, he was the Head of the Money Market and FX Division, where he also worked as Portfolio Manager and FX Strategist. Prior to joining the BCB, Mr. Pontes worked for five years as an FX Derivatives Trader and Emerging Market Fixed Income Strategist in private investment banks.

Mr. Pontes is graduated in Naval Engineering (1994), has a Master degree in Naval Engineering (1998) and an MBA in Finance (2001).

13:1514:15

Networking lunch

13:15 - 14:15

14:3015:30

Managing central bank balance sheets in turbulent times

14:30 - 15:30

  • Will central banks losses, and in certain cases negative capital, impact the conduct of monetary policy?
  • What are the implications for a central bank's reserve adequacy and external obligations?
  • What are the implications of rising interest rates on a central bank asset portfolios?
  • What strategies can central banks apply to mitigate balance sheet risks and optimise investment performance?
Jennifer Johnson-Calari

Consultant

Central bank and sovereign investments

Ms. Johnson-Calari created and led the World Bank's Reserves Advisory and Management Program (RAMP), which is one of the world's leading providers of consulting and capacity building services to public sector asset managers. In this capacity, she worked globally with central banks, national pension funds and sovereign wealth funds in strengthening governance and building investment management capacity. She contributed to setting global standards of best practice for the management of sovereign assets and liabilities working with the IMF on the Reserves Management Guidelines and the ISWF's "Santiago Principles". Ms. Johnson-Calari has contributed to several books on the topic of portfolio and risk management and was a contributing author and editor of Sovereign Wealth Management, London: Central Banking Publications, 2008. She is a well-known expert on issues relating to central bank reserves management and portfolio management and has spoken widely at international conferences in both official and private sector fora.

She began her career with the Board of Governors of the Federal Reserve System in banking supervision with a focus on commercial bank asset/liability and risk management issues. She has earned advanced degrees from the Harvard Business School (GMP, 2004) the Johns Hopkins School of Advanced International Studies (SAIS) (MA, 1981) and is a Chartered Financial Analyst (CFA). She currently serves as a consultant to several international financial institutions.

Hemlata Sadhna Sewraj-Gopal

Second deputy governor

Bank of Mauritius

Mrs Hemlata Sadhna Sewraj-Gopal was appointed, with effect from the 1st of March 2020, Second Deputy Governor of the Bank of Mauritius by His Excellency the President of the Republic upon the recommendation of the Prime Minister.

Mrs Sewraj-Gopal joined the Bank of Mauritius in 2003. Prior to her appointment as Second Deputy Governor, Mrs Sewraj-Gopal was the Secretary to the Bank of Mauritius. In that capacity, she also acted as Secretary to the Board, Secretary to the Audit Committee, Member of the Investment Committee and Chairperson of the Tender Committee. In the course of her career, Mrs Sewraj-Gopal has overseen several key departments including Human Resources, Procurement as well as Accounting and Budgeting.  

Prior to joining the Bank of Mauritius, Mrs Sewraj-Gopal was Director- Corporate services at the Board of Investment (2001-2003), Financial Controller at the Mauritius Export Development and Investment Authority (1997-2001) and Manager at KPMG Mauritius (1993-1997). Mrs Sewraj-Gopal also worked for three years in London at Arthur Andersen.

A State Scholar, the Second Deputy Governor holds a Bachelor in Economics and Social Studies (Honours) from the University of Manchester. Mrs Sewraj-Gopal is also a Chartered Accountant from the Institute of Chartered accountants of England and Wales (ICAEW).

As Second Deputy Governor, Mrs Gopal is in charge of Supervision Division, Corporate Services Division and Accounting and Budgeting Division of the Bank.

She is currently a Board Director in the following institutions:

  1. Financial Reporting Council (Responsible for licensing of auditors and  monitoring corporate financial reporting of public interest entities among others)
  2. Mauritius Investment Corporation (Investment Company & Subsidiary of the Bank)
  3. National Committee on Corporate Governance
  4. Regional Centre of Excellence (Training Centre, funded by Bank of Mauritius and Financial Services Commission)
  5. Member of the HSBC/MIOD Climate Governance Initiative

George Roper

Deputy governor - finance, technology, and administration

Bank of Jamaica

George Roper FCA, FCCA, CISA (non-prac.), B Sc. (Hons.) is employed with the Bank of Jamaica as Deputy Governor with responsibility for Finance, Technology and Administration, having served as the Bank’s Supervision Evaluation Expert between August 2017 and February 2019. Prior to that, Mr Roper was the Vice President Compliance – Scotiabank Group Jamaica (2010 – 2017). In that position he had responsibility for the leadership and oversight of the AML/CFT and financial regulatory compliance programmes of Scotiabank and its affiliates in Jamaica.


Mr Roper was previously the Deputy Executive Director of the Financial Services Commission (FSC), taking up that position on April 1, 2007. The Commission is the public sector body responsible for regulating the investments, insurance and pension sectors in Jamaica. Mr Roper acted as Executive Director of the FSC in 2008, during which time the FSC fearlessly took decisive action against unregulated financial organizations. During that period, the FSC also made significant progress in the registration of pension funds. Mr Roper had previously served as Senior Director of Securities at the FSC and prior to that was its Senior Director of Examinations and Investigations.
Mr Roper is a former President and CEO of Mayo Holdings Limited (1998-1999) a management consultancy practice specializing in providing value-added outsourced internal audit services for clients operating in the investment, merchant banking, fast food, real estate property management and hospitality industries. Mr Roper was also previously the Head of Information Systems Audit at ICWI Group (1992–1995) and Chief Internal Auditor at Jamaica Mutual Life Assurance Society (1995-1997). Over his career he led or directly conducted audit assignments which uncovered fraud and irregularities in North America, Jamaica, and other parts of the Caribbean.
Mr Roper is a Fellow of the Institute of Chartered Accountants of Jamaica (“ICAJ”), a Fellow of the UK’s Association of Chartered Certified Accountants, and holds a B Sc. degree in Management Studies. He is also a Certified Information Systems Auditor (“CISA”) having extensive experience in financial statement and information systems auditing which was gained as an employee of “big four” international audit firm PriceWaterhouse between 1984 and 1992.
Mr. Roper has been an insightful, vibrant and much sought after presenter at conferences and seminars. He has presented on matters related to regulation, audit and compliance at events held in the Americas, Caribbean and Europe, organized by prominent organizations such as the International Organization of Securities Commissions, Council of Securities Regulators of the Americas, The International Symposium on Economic Crime (at Cambridge University in the UK), the Institute of Internal Auditors (“IIA”), the ICAJ, the FSC, the IMF administered Caribbean Regional Technical Assistance Centre, the Caribbean Group of Securities Regulators, the Eastern Caribbean Central Bank (headquartered in St. Kitts), the Caribbean Association of Insurance Regulators, the Jamaica Institute of Financial Services, the Jamaica Bankers Association, the Florida International Bankers Association, KAW Management Services (Antigua), Global Compliance Solutions (Cayman), the Jamaica Deposit Insurance Corporation, the Jamaica Stock Exchange (“JSE”) and the Jamaica Chapter of the Global Association of Risk Professionals.


Since July 2021, Mr. Roper has been a member of the Board of Directors of the Bank of Jamaica, appointed by the Governor General to that role. He is also a member of the Board of Commissioners of the FSC, an appointment that took effect in February 2023.


Mr. Roper is a former member of the ICAJ’s Audit Practices Committee (1999 – 2023) and of the Public Accountancy Board (2014 to 2016), the body with statutory authority to register public accountants. Since 2011, he has been a member of the Board of Governors of the JSE’s e-Campus. Between 1997 and 1998, Mr. Roper was President of the Jamaica Chapter of the IIA and was a member of the chapter’s Board of Governors (2013 to 2020). He is a member of the Kiwanis Club of North St Andrew and a proud past student of the 100 plus year old Calabar High School, which has a rich tradition of achievement in academics, sports, arts and contributing to the building of Jamaica as a nation state.

Nicolás E. Magud

Senior economist

International Monetary Fund

Nicolás E. Magud is a Senior Economist in the International Monetary Fund. He currently works in the Finance Department, specialized in SDR issues. In the IMF, he previously worked in the Macro-Modeling and Monetary Division of the Institute for Capacity Development and in the Western Hemisphere Department, working on several Latin American countries and in the Regional Studies Division. Before that, he was a professor of international finance at the University of Oregon; associate professor at the University of Buenos Aires; visiting professor at CEMA; teaching assistant at the University Torcuato Di Tella in Argentina; advisor to the President’s Cabinet Secretariat and the Secretariat of Small and Medium-Sized Enterprises in Argentina; and an analyst at Citibank and at the Ministry of Economy of Argentina. Nicolas has published extensively in peer-reviewed international journals. His research focuses on open economy macroeconomics, with an emphasis on exchange rates, capital flows, foreign exchange intervention, capital controls, credit booms, and fiscal policy. He has edited a book on foreign exchange intervention in inflation targeting countries in 2109. He has also worked on topics in international trade and income distribution, and more recently on the macroeconomics of populism and its political economy, and on firm-level investment and information coordination issues. He holds a PhD and an MA from the University of Maryland, an MA from the University Torcuato Di Tella (Argentina), and a licensure from the University of Buenos Aires (Argentina).

15:3016:15

Navigating de-dollarisation: challenges and prospects

15:30 - 16:15

This session will be an interactive workshop, where delegates will have the chance to discuss the following scenario:

You are a central bank in Latin America/Caribbean with $100bn in reserves currently invested 100 percent in USD. Your Governor has asked you to develop a proposal with the pros and cons of diversification across the following alternative currencies—EUR, RMB, Brazilian real, Gold. Please provide a proposal for a strategic currency allocation or indicate no change, specifying both your rationale and possible risks.

DeLisle Worrell

Former governor

Central Bank of Barbados

16:1516:45

Working group feedback session

16:15 - 16:45

16:4517:00

Chair's closing remarks

16:45 - 17:00

Jennifer Johnson-Calari

Consultant

Central bank and sovereign investments

Ms. Johnson-Calari created and led the World Bank's Reserves Advisory and Management Program (RAMP), which is one of the world's leading providers of consulting and capacity building services to public sector asset managers. In this capacity, she worked globally with central banks, national pension funds and sovereign wealth funds in strengthening governance and building investment management capacity. She contributed to setting global standards of best practice for the management of sovereign assets and liabilities working with the IMF on the Reserves Management Guidelines and the ISWF's "Santiago Principles". Ms. Johnson-Calari has contributed to several books on the topic of portfolio and risk management and was a contributing author and editor of Sovereign Wealth Management, London: Central Banking Publications, 2008. She is a well-known expert on issues relating to central bank reserves management and portfolio management and has spoken widely at international conferences in both official and private sector fora.

She began her career with the Board of Governors of the Federal Reserve System in banking supervision with a focus on commercial bank asset/liability and risk management issues. She has earned advanced degrees from the Harvard Business School (GMP, 2004) the Johns Hopkins School of Advanced International Studies (SAIS) (MA, 1981) and is a Chartered Financial Analyst (CFA). She currently serves as a consultant to several international financial institutions.

17:0020:00

Central Banking networking drinks

17:00 - 20:00

CBDCs - November 9th

08:0009:00

Registration & breakfast

08:00 - 09:00

09:0009:10

Welcome to day 2 of the Autumn Meetings

09:00 - 09:10

Chris Jeffery

Editor-in-chief

Central Banking Publications

09:1010:00

The future of money: a possible role for CBDCs and the implications

09:10 - 10:00

Alexandre Tombini

Chief representative for the Americas

Bank for International Settlements

Alexandre Tombini became Chief Representative of the BIS Office for the Americas on 1 September 2019.

Before joining the BIS, he was Executive Director of the Board at the International Monetary Fund for Brazil, Cabo Verde, the Dominican Republic, Ecuador, Guyana, Haiti, Nicaragua, Panama, Suriname, Timor-Leste and Trinidad and Tobago.

Previously, he served as Governor of the Central Bank of Brazil. Also, at the Central Bank of Brazil he held the roles of Deputy Governor for Financial System Regulation and Deputy Governor for Economic Research.

He also held positions as a Board member of the BIS and Chairman of the Standing Committee on Budget Resources of the Financial Stability Board.

10:1510:30

Chair's opening remarks

10:15 - 10:30

Jim Cunha

Executive vice president

Former Federal Reserve Bank of Boston

Jim Cunha was an Executive Vice President and former interim COO of the Federal Reserve Bank of Boston.  His entire career has focused on the interrelationship of payments, security, technology and innovation.

In addition to Cunha’s interim CAO role, for 2022 he was responsible for financial management activities across all Federal Reserve Banks.    

Most recently, Cunha spearheaded the Boston Fed’s efforts to study distributed ledger technology, or blockchain, to determine potential benefits and risks in financial services for internal and external uses. He was also responsible for the Bank’s technology research related to central bank digital currencies (CBDC), including a joint research effort with MIT’s Digital Currency Initiative called “Project Hamilton”. 

Over the last couple of decades be built and ran a number of payment related systems for the U.S. Treasury, was responsible for ACH, Check and Cash operations and run the technology and computer operations groups.   

Cunha has worked at the Boston Fed since 1984. Prior to that, he worked at Fleet National Bank. He holds a bachelor’s in accounting and philosophy from Northeastern University and a bachelor’s in computer science from Rhode Island College.

10:3011:30

Live CBDC pilots: examining the current landscape and real-life case studies

10:30 - 11:30

  • Should central banks be engaged in CBDCs?
  • Key challenges, drivers, and lessons learnt from live CBDC projects
  • Prospects shaping a CBDC future for consumers and businesses
  • How to encourage public acceptance and accelerate the implementation of CBDCs through pilot programs
John A. Rolle

Governor

Central Bank of the Bahamas

Mr. Rolle was appointed Governor of the Central Bank of The Bahamas in January 2016.  Prior to this, he served as the Financial Secretary in the Ministry of Finance; and before this, he served on the Executive Board of the International Monetary Fund (IMF) as a Senior Advisor to the Executive Director for Canada, Ireland and the Caribbean Constituency.

The Governor’s substantive career from 1990 to 2012 was also in central banking, in various economic policy and research capacities.  In addition, he has contributed as an Adjunct Lecturer, in Economics, at the American University (2008) in Washington, DC and for many years as a Part-Time Lecturer in Economics and Statistics at the College of the Bahamas. 

He holds graduate degrees in Economics from the American University in Washington DC and Carleton University in Ottawa Canada; and is an undergraduate of the University of Western Ontario, Canada and the College of The Bahamas.

The Governor has also earned the right to use the Chartered Financial Analyst (CFA) designation.

The Governor has published scholarly articles in a number of professional journals, and maintains research interests in monetary, fiscal and exchange rate policies.

Natalie Haynes

Deputy governor - banking & currency operations and payment system and money services oversight

Bank of Jamaica

Mrs. Natalie Haynes has devoted her career to central banking and has served Bank of Jamaica and the Jamaican people for over 35 years. Born in St. Catherine, Jamaica Mrs. Haynes was educated in Jamaica at the University of the West Indies Mona, where she obtained a BSc degree in Economics and History (Honours) which she received in 1985 and a Masters degree in Economics, which she received in 1988.

In 2019, Mrs. Haynes was appointed to the Executive Management of the Bank as Deputy Governor with responsibility for the Banking & Currency Operations and Payment System and Money Services Oversight Divisions. She currently leads a dynamic team of over 100 staff members, spanning seven departments.

Throughout her career at Bank of Jamaica, Mrs. Haynes has spearheaded growth and innovation in the areas for which she has responsibility that have fostered the development of the local financial market. She was a critical part of the team for the implementation of the JamClear® Real Time Gross Settlement System and the JamClear® Central Securities Depository. In addition, in 2020, she was responsible for the implementation of the JamClear® Foreign Exchange Trading Platform. These financial markets infrastructures have not only served to modernize the financial system in Jamaica but also promoted development by ensuring transparency and price discovery. As Chairman of the Bank’s Oversight Committee for the implementation of a Central Bank Digital Currency (CBDC), Mrs. Haynes is leading the charge for this major fintech innovation by the Bank. She also serves as Chairman of Retail Payments of Jamaica and the National Payments Council and is a member of the Bank’s Financial Policy Committee.

Most recently, Mrs. Haynes lead the process to introduce a redesigned series of Jamaican banknotes to the public, which included the introduction of a new $2000 note. This was indeed a historic accomplishment, as it marked the second time in our nation’s history that Bank of Jamaica released a full series of banknotes. The first time was in 1969 when Jamaica changed from pound, shilling and pence to dollars and cents.

Throughout her career at BOJ Mrs. Haynes has represented the Bank at many international conferences and has served as a member of several international committees including the Caricom Fintech Working Group, Center for Latin American Monetary Studies (CEMLA) Forum on Fintech Data Gaps, Western Hemisphere Payments and Security Settlement Forum and the World Bank Expert Group on Faster Payments.

In her private life, Mrs. Haynes is an active member of her church Unity of Jamaica, having previously served as Chairman of its Board, and is a Platform Assistant. She is a devoted wife and mother to her two children Robyn and Nathan-Edward.

Sharmyn Powell

Chief risk officer

Eastern Caribbean Central Bank

Ms Sharmyn Powell has been employed at the Eastern Caribbean Central Bank for over 27 years and currently holds the position of Chief Risk Officer.  She leads the Office of Corporate Strategy and Risk Management with responsibility for Enterprise Risk Management, Compliance, Strategic Planning and Business Continuity Management.

Prior to assuming this role, she served in various capacities at the Bank including, Deputy Director, Accounting Department, Director, Currency Management Department and Director, Support Services Management Department.  She is the Chairperson of the Bank’s Fintech Working Group, which is leading the implementation of the DCash Pilot Project for the issuance of a block-chain based digital version of the EC Currency.

Ms Powell is a Certified Accountant (ACCA), and also carries the designations of Chartered Director (C. Dir) and Audit Committee Certified (A.C.C).  She is also a Certified ISO31000 Internal Risk Control Analyst.

Arvinder Bharath

Lead digital expert

International Monetary Fund

Arvinder Bharath, is Lead Digital Expert in the IMF’s Digital Advisory Unit. She provides technical assistance to member countries on issuance of central bank digital countries and more broadly, on digital risks associated with modern and transformative technologies used for digitalization. Her skills and experience span technology, commercial banking, regulatory oversight, and policy setting across developed and emerging economies. Arvinder has held senior roles with Barclays Bank across the UK, Western Europe, India, the Middle East and Sub-Sharan Africa; and with RBC Royal Bank of Canada as President and Country Head for Trinidad and Tobago. She later joined the Central Bank of Trinidad and Tobago, as Deputy Inspector of Financial Institutions and subsequently led the Bank’s Financial Technology, Information Security and Knowledge and Information Management departments. Arvinder has an MBA in Banking and a B.Sc. in Information Technology - both, from the University of London.

11:3012:00

Networking break

11:30 - 12:00

12:1513:15

The debate for CBDCs in the future of money

12:15 - 13:15

  • What is the potential role of CBDCs in shaping monetary policies and macroeconomic outcomes?
  • Assessing potential future use cases and functionalities of CBDCs beyond initial implementations
  • Exploring strategies to drive widespread CBDC adoption and its implications for the financial ecosystem
  • Audience participation: what side are you on?
Clair Mills

Director of strategic change and operations for markets, banking and payments

Bank of England

Clair Mills is the Director of Strategic Change and Operations for the Markets, Banking and Payments Deputy Governorship, at the Bank of England, and is responsible for middle and back office operations, which includes delivery of the Markets, Banking and Payments Operations and Data Strategy, Budget, Operational Resilience and Risk and the Investment and Change Portfolio. Clair has over 20 years’ extensive financial services experience operating at board level and leading successful strategic and transformational change in a number of complex organisations, having started her career in the Building Society and Retail Banking sector, before moving into Operational and Technological Change Management and Consultancy. Clair joined the Financial Services Authority in 2011 to lead the Internal Twin Peaks programme transition to the PRA and FCA regulatory model, moving across to the Bank of England with the PRA becoming the Chief Operating Officer in the PRA in 2018. In her current role, as well as providing the leadership, management and vision necessary to support the business and to ensure that the proper operational controls, administrative and reporting procedures, and people systems are in place, Clair is also responsible for leading the area’s extensive project portfolio, helping translate business and policy vision into deliverable change programmes, this includes giving key note speeches both in the UK and internationally on topics such as Financial and Regulatory Technology (FinTech/RegTech) and how Central Banks and regulators can take advantage of the advances in technology in the work we do.

Jeremy Leake

Senior advisor, CBDC and fintech

Bank of England

Jeremy is a Senior Advisor focusing on the economics of Central Bank Digital Currency (CBDC) in the Bank’s CBDC Unit.  He contributed significantly to the Bank’s 2023 CBDC Consultation Paper and the Bank’s 2021 Discussion Paper on New Forms of Digital Money. Jeremy has worked at the Bank for over 25 years in financial stability, market operations, fintech and digital money.  Prior to working at the Bank, Jeremy worked at a consultancy specialising in microeconomic analysis for businesses.  He has a MSc in economics and BSc in mathematics from Warwick University.

DeLisle Worrell

Former governor

Central Bank of Barbados

13:1514:15

Networking lunch

13:15 - 14:15

14:3015:30

Interoperability in the future of payments: CBDC vs. traditional payment systems

14:30 - 15:30

  • Exploring retail vs wholesale CBDCs; account vs token based; direct, indirect and hybrid models
  • Can CBDCs co-exist with traditional payment systems, or will they disrupt the systems already in place?
  • Interplay between crypto-assets including crypto-currencies and CBDCs
  • Examining the role of digital payment innovations in fostering financial inclusion
Gustavo Santinoni Vera

Head of payments division

Central Bank of Brazil

Gustavo Santinoni Vera joined Banco Central do Brasil (BCB) in 2003 and has since focused on a successful career primarily in the Foreign Reserves Department. He has gained extensive experience across various areas within the department, with a particular emphasis on settlement and payments, where he contributed to the implementation of numerous new operations involving a wide range of financial instruments for investing the Brazilian Foreign Reserves. Additionally, he spent 3 years at the fixed income desk, actively involved in implementing new asset classes like MBS/TBAs.

Throughout his career, Vera's expertise has revolved around payments, security, and innovation. Notably, he served as the head of the operation division in the Department of Competition and Financial Market Structure, playing a pivotal role in the successful launch of the Brazilian fast payment system (PIX) in 2020.

Recently, Vera has returned to the Foreign Reserves Department, resuming his role as the Head of the Payments Division. His academic achievements include a Master of Science degree in economics, specializing in monetary policy, from the University of Illinois at Urbana-Champaign (2017). He also holds a master’s degree in Financial Regulation and Economic Law from the Universidade de Brasília (2006) and a Bachelor's degree in economics from the same institution (1991).

Sudhanshu Prasad

Chief general manager, Payment and settlement systems

Reserve Bank of India

Sudhanshu currently handles the oversight function in the Department of Payment and Settlement Systems in RBI. This includes on-site and off-site monitoring of National Payments Corporation of India, Card Payment Networks, non-bank Prepaid Payment Instrument Issuers and other entities authorised by RBI. He has been instrumental in ensuring implementation of safety and security measures in the payments ecosystem. He has played a key role in creation of Central Payments Fraud Information Registry, which is a repository of payment related frauds being reported by the scheduled commercial banks / prepaid payment instrument Issuers in respect of those reported by customers as well as identified by themselves. He has also been important factor in construction of comprehensive Digital Payment Index (RBI-DPI), a first of its kind across the world, to capture the extent of digitisation of payments across the country.

A career central banker with over 24 years of experience, he also has extensive experience in the banking regulation and supervision space, as well as rural credit and foreign exchange aspects.

He represents the RBI on some of the International Working Groups such as, Expert Group on Cross-Border Payments Task Force on Targets, and Cross-Border Payment FX Workstream. He has also been a part of the Cross-jurisdictional Teams for conducting PFMI Assessments of various jurisdictions.

He is a post-graduate in Geology and loves travelling and driving.

Jim Cunha

Executive vice president

Former Federal Reserve Bank of Boston

Jim Cunha was an Executive Vice President and former interim COO of the Federal Reserve Bank of Boston.  His entire career has focused on the interrelationship of payments, security, technology and innovation.

In addition to Cunha’s interim CAO role, for 2022 he was responsible for financial management activities across all Federal Reserve Banks.    

Most recently, Cunha spearheaded the Boston Fed’s efforts to study distributed ledger technology, or blockchain, to determine potential benefits and risks in financial services for internal and external uses. He was also responsible for the Bank’s technology research related to central bank digital currencies (CBDC), including a joint research effort with MIT’s Digital Currency Initiative called “Project Hamilton”. 

Over the last couple of decades be built and ran a number of payment related systems for the U.S. Treasury, was responsible for ACH, Check and Cash operations and run the technology and computer operations groups.   

Cunha has worked at the Boston Fed since 1984. Prior to that, he worked at Fleet National Bank. He holds a bachelor’s in accounting and philosophy from Northeastern University and a bachelor’s in computer science from Rhode Island College.

15:3016:15

CBDCs vs. stablecoins: complementary forces or competing solutions

15:30 - 16:15

This session will be an interactive workshop, where delegates will have the chance to discuss the following scenario:

The governor of your central bank informed you that he believes you should stop researching retail CBDCs and work with a leading stablecoin provider instead to meet the needs. You are not sure if it is an educated change in direction, so you decide to document the pros and cons of stablecoins versus CBDC.

Jim Cunha

Executive vice president

Former Federal Reserve Bank of Boston

Jim Cunha was an Executive Vice President and former interim COO of the Federal Reserve Bank of Boston.  His entire career has focused on the interrelationship of payments, security, technology and innovation.

In addition to Cunha’s interim CAO role, for 2022 he was responsible for financial management activities across all Federal Reserve Banks.    

Most recently, Cunha spearheaded the Boston Fed’s efforts to study distributed ledger technology, or blockchain, to determine potential benefits and risks in financial services for internal and external uses. He was also responsible for the Bank’s technology research related to central bank digital currencies (CBDC), including a joint research effort with MIT’s Digital Currency Initiative called “Project Hamilton”. 

Over the last couple of decades be built and ran a number of payment related systems for the U.S. Treasury, was responsible for ACH, Check and Cash operations and run the technology and computer operations groups.   

Cunha has worked at the Boston Fed since 1984. Prior to that, he worked at Fleet National Bank. He holds a bachelor’s in accounting and philosophy from Northeastern University and a bachelor’s in computer science from Rhode Island College.

16:1516:45

Working group feedback session

16:15 - 16:45

16:4517:00

Chair's closing remarks

16:45 - 17:00

Jim Cunha

Executive vice president

Former Federal Reserve Bank of Boston

Jim Cunha was an Executive Vice President and former interim COO of the Federal Reserve Bank of Boston.  His entire career has focused on the interrelationship of payments, security, technology and innovation.

In addition to Cunha’s interim CAO role, for 2022 he was responsible for financial management activities across all Federal Reserve Banks.    

Most recently, Cunha spearheaded the Boston Fed’s efforts to study distributed ledger technology, or blockchain, to determine potential benefits and risks in financial services for internal and external uses. He was also responsible for the Bank’s technology research related to central bank digital currencies (CBDC), including a joint research effort with MIT’s Digital Currency Initiative called “Project Hamilton”. 

Over the last couple of decades be built and ran a number of payment related systems for the U.S. Treasury, was responsible for ACH, Check and Cash operations and run the technology and computer operations groups.   

Cunha has worked at the Boston Fed since 1984. Prior to that, he worked at Fleet National Bank. He holds a bachelor’s in accounting and philosophy from Northeastern University and a bachelor’s in computer science from Rhode Island College.

17:0020:00

Central Banking networking drinks

17:00 - 20:00

Excursions on St Kitts and Nevis

09:0015:30

Option one: The St Kitts Experience

09:00 - 15:30

The St. Kitts Scenic Railway will take passengers on a 3-hour tour that makes a 30-mile circle around the beautiful Eastern Caribbean island of St Kitts, with 18-miles by narrow gauge train and 12 miles on sightseeing buses.

At the end of the tour a delectable buffet lunch, made with local ingredients, will be provided, set within the rainforest and along the railroads that were once used to transport sugar cane.

9am - Departure from Needsmust Train Station to La Valley

11am - Scenic railway bus to Brimstone Hill Fortress

12pm - Lunch

1:45pm - Shopping from craft vendors along the roadway

3pm - Scenic railway bus returns to Needsmust Train Station

07:3013:30

Option two: The Nevis Experience

07:30 - 13:30

This tour will start by travelling the seas via a fast ferry from St Kitts to Nevis. Once on Nevis, you will be taken on a guided tour through a mixed technologies sustainable agriculture farm comprising fruit orchard crops, vine crops, open field vegetable production, and hydroponics. Finally you will all enjoy a farm-to-table lunch - a taste of “Seasonal and Other Nevisian Foods” as prepared by Diane DiDi Hanley, owner of Sip on the Square.

7:30am - Water taxi from Reggae Beach to Oualie Nevis

8:30am - Island tour with Abba Richards

10:45am - Nevis Hydro Gardens 

12pm - lunch

1:15pm - Water taxi from Oualie Nevis to Reggae Beach