2024 agenda

2024 agenda

Agenda 2024

Reserve Management - 12th June

08:1509:30

Registration & breakfast

08:15 - 09:30

09:3009:45

Welcome to the Summer Meetings

09:30 - 09:45

09:4510:30

Opening plenary keynote address

09:45 - 10:30

10:3010:45

Chairs opening remarks

10:30 - 10:45

10:4511:45

Central bank monetary policy & reserve management in an era of uncertainty and change

10:45 - 11:45

  • Identifying structural and cyclical changes in global macro dynamics:
  1.  The reassertion of geopolitics and domestic politics in economics – fiscal, regulatory, industrial, trade, investment policies
  2. The 2024 year of elections – a year of uncertainty and volatility or does that lie further ahead?
  3. Great power rivalry and competition in economics and finance
  4. Structurally higher inflation, higher neutral monetary policy rates, higher bond yields and term premia?
  5. Or technology/productivity gains/demographics and so renewed lowflation, low rates, yields and term premia?
  • Does a multipolar world economy and international system imply a multipolar currency system?
  1. Freezing vs. Seizing Russia’s FX reserves
  2. Shifting payments into national currencies and the accumulation of credit/debit balances
  • Implications for central bank balance sheets
  1. Will / Should major central banks have smaller balance sheets?
  2. Should reserve holding central banks enlarge, reduce or diversify international reserves?

11:4512:15

Networking break

11:45 - 12:15

12:1513:00

Presentation from Central Banking 2024 award winner

12:15 - 13:00

13:0014:30

Lunch break, and networking

13:00 - 14:30

14:3015:30

Adapting balance sheets: navigating macroeconomic dynamics, geopolitical challenges, and financial stability

14:30 - 15:30

  • Exploring the macroeconomic implications of central bank balance sheets and their significance for the overall economy
  • Analysing the potential effects of geopolitical tensions, such as those between the US and China, on central bank investments and financial stability
  • Examining asset allocation strategies on central bank balance sheets, addressing quantitative tightening and risk management
  • Evaluating adjustments to central bank balance sheets' impact on financial stability, with focus on systemic risk mitigation and resilience amid economic uncertainties.

15:3016:00

Networking break

15:30 - 16:00

16:0017:00

Working group
A chance for engagement and discussion on a topic

16:00 - 17:00

17:0017:15

Chair's closing remarks

17:00 - 17:15

17:1518:30

Cocktail reception

17:15 - 18:30

18:3021:30

Central Banking Awards 2024

18:30 - 21:30

Reserve Management - 13th June

08:1509:30

Registration & breakfast

08:15 - 09:30

09:3009:45

Welcome to day two of the Summer Meetings

09:30 - 09:45

09:4510:30

Plenary keynote address

09:45 - 10:30

10:3010:45

Chairs opening remarks

10:30 - 10:45

10:4511:45

Navigating supply-side risk: strategies for resilient reserve management

10:45 - 11:45

  • Analysis of how geopolitical events can impact global supply chains, trade flows, and reserve management strategies
  • Policy responses by central banks and governments to mitigate supply-side risks and election-related uncertainties
  • Examination of risk management strategies to mitigate the impact of supply disruptions on reserve portfolios
  • Considerations for optimising reserve allocation, enhancing liquidity, and preserving financial stability amidst evolving geopolitical dynamics

11:4512:15

Networking break

11:45 - 12:15

12:1513:00

Navigating global currency shifts: assessing de-dollarisation and diversification strategies

12:15 - 13:00

  • Evaluate trends in global reserve currency dynamics, assessing the readiness of alternative currencies and financial systems for a shift away from the dollar
  • Analyse the impact of geopolitical tensions on de-dollarisation efforts, explore their influence on currency diversification strategies
  • Assess the stability and potential of alternative reserve currencies and consider practical challenges in implementing diversification policies
  • Explore opportunities and risks in diversifying across asset classes, including alternative stores of value such as gold

13:0014:30

Lunch break, and networking

13:00 - 14:30

14:3015:30

Dynamic market landscapes: the interplay of strategic and tactical asset allocation

14:30 - 15:30

  • Identifying the pivotal role and application of strategic asset allocation in preserving portfolio resilience over the long term
  • Strategies for portfolio managers to proactively prepare for and leverage tactical asset allocation opportunities
  • Balancing strategic vision with tactical agility to optimise investment outcomes
  • Leveraging tactical asset allocation to navigate macro volatility and capitalise on emerging opportunities

15:3016:00

Chairs closing remarks

15:30 - 16:00

Innovation - 12th June

08:1509:30

Registration & breakfast

08:15 - 09:30

09:3009:45

Welcome to the Summer Meetings

09:30 - 09:45

09:4510:30

Opening plenary keynote address

09:45 - 10:30

10:3010:45

Chairs opening remarks

10:30 - 10:45

10:4511:45

Harnessing AI for enhanced central bank decision making

10:45 - 11:45

  • Leveraging AI for real-time analysis of financial news to track Central Bank mentions, assess credibility, and monitor policy impact on financial markets
  • Integrating AI into traditional econometric models to enhance understanding and prediction of economic trends
  • Utilising Large Language Models for comprehensive data analysis to drive informed decision-making and streamline internal processes
  • Prioritising AI adoption to simplify tasks, meet regulatory requirements such as the EU's AI Act, and facilitate data-driven forecasting for forward guidance

11:4512:15

Networking break

11:45 - 12:15

12:1513:00

Presentation from Central Banking 2024 award winner

12:15 - 13:00

13:0014:30

Lunch break, and networking

13:00 - 14:30

14:3015:30

Fortifying cyber resilience in central banking operations

12:15 - 13:00

  • Exploring the latest developments in cyber threats targeting the financial sector, including considerations of regulatory changes such as DORA
  • Assessing weaknesses in IT asset management, deficiencies in asset protection, and their implications for cyber resilience in central banking
  • Strategies for implementing secure systems, enhancing network segmentation, and implementing effective access control measures for safeguarding
  • Enhancing incident detection, response, and recovery readiness, while championing cybersecurity compliance, including DORA readiness.

15:3016:00

Networking break

15:30 - 16:00

16:0017:00

Working group
A chance for engagement and discussion on a topic

16:00 - 17:00

17:0017:15

Chair's closing remarks

17:00 - 17:15

17:1518:30

Cocktail reception

17:15 - 18:30

18:3021:30

Central Banking Awards 2024

18:30 - 21:30

Innovation - 12th June

08:1509:30

Registration & breakfast

08:15 - 09:30

09:3009:45

Welcome to day two of the Summer Meetings

09:30 - 09:45

09:4510:30

Plenary keynote address

09:45 - 10:30

10:3010:45

Chairs opening remarks

10:30 - 10:45

10:4511:45

Unlocking efficiency with ALYA: the Bank of Portugal's award-winning AI project
Breakfast briefing

08:15 - 09:15

  • Explore the capabilities of the Bank of Portugal’s AI platform in machine learning and deep learning 
  • Learn about ALYA's role in automating procedures across various business areas, such as monitoring credit agreements and analysing market sentiment
  • Delve into the creation of ALYA, including the establishment of the data science academy and the formation of a dedicated AI team
  • The importance of data and a secure foundation for successful AI implementation.

11:4512:15

Networking break

15:30 - 16:00

12:1513:00

Navigating the evolution of CBDCs: from idealisation to realisation

14:30 - 15:30

  • Assessing central banks' progress from research to implementation, considering infrastructure readiness and governance prerequisites
  • Discussing stable, effective governance, robust financial infrastructure, central bank credibility, and public support as crucial factors for CBDC implementation
  • Analysing the potential effects of CBDCs on monetary policy frameworks, legal considerations, and the modernization of payment systems
  • Exploring how electoral cycles may influence the adoption and development of CBDCs, taking into account political factors and public sentiment

13:0014:30

Lunch break, and networking

13:00 - 14:30

14:3015:30

Presentation on regulatory sandbox and AI governance framework (Philippines)

14:30 - 15:30

15:3016:00

Chair's closing remarks

17:00 - 17:15

Payments - 12th June

08:1509:30

Registration & breakfast

08:15 - 09:30

09:3009:45

Welcome to the Summer Meetings

09:30 - 09:45

09:4510:30

Opening plenary keynote address

09:45 - 10:30

10:3010:45

Chairs opening remarks

10:30 - 10:45

10:4511:45

Transforming payments: the impact of data sharing and open finance

10:45 - 11:45

  • Reshaping payment ecosystems - how can central banks adapt to changes and ensure the stability and efficiency of payment systems?
  • Explore how data sharing and open finance can promote financial inclusion.
  • How can central banks foster a competitive environment, ensuring a level playing field for all market participants?
  • Working together to establish international cooperation, standards, and frameworks for data sharing in the financial sector.

11:4512:15

Networking break

15:30 - 16:00

12:1513:00

Presentation from Central Banking 2024 award winner

12:15 - 13:00

13:0014:30

Lunch break, and networking

13:00 - 14:30

14:3015:30

Navigating the future of cross-border payments: AI, CBDCs, tokenisation, and global challenges

14:30 - 15:30

  • Navigating geopolitical and economic uncertainties including complex foreign exchange rates.
  • Improving fraud and financial crime by integrating technologies such as AI/ML into cross-border payments
  • The potential impact of CBDCs, including their implications for transaction speed, cost, and regulatory frameworks.
  • Tokenisation in the context of cross-border payments and its role in converting sensitive financial information to enhance security and privacy.

15:3016:00

Networking break

15:30 - 16:00

16:0017:00

Working group
A chance for engagement and discussion on a topic

16:00 - 17:00

17:0017:15

Chair's closing remarks

17:00 - 17:15

17:1518:30

Cocktail reception

17:15 - 18:30

18:3021:30

Central Banking Awards 2024

18:30 - 21:30

Sustainability - 13th June

08:1509:30

Registration & breakfast

08:15 - 09:30

09:3009:45

Welcome to day two of the Summer Meetings

09:30 - 09:45

09:4510:30

Plenary keynote address

09:45 - 10:30

10:3010:45

Chairs opening remarks

10:30 - 10:45

10:4511:45

Navigating climate risk and policy: central banks' mandate in the sustainability era

10:45 - 11:45

  • Assessing whether central banks require a mandate update to effectively address climate-related risks, considering the evolving perceptions
  • Exploring policy angles for central banks to integrate climate risk considerations into their mandates and operations, with a focus on promoting sustainability
  • Debating whether climate risk is a financial stability or fiscal issue, and its implications
  • Examining how political opposition to green policies affects central banks' approaches to climate risk

11:4512:15

Networking break

15:30 - 16:00

12:1513:00

Promoting sustainable investment strategies in central bank reserves

12:15 - 13:00

  • Integrating ESG factors into central bank reserve management for portfolio sustainability and environmental alignment
  • Acknowledging central government's pivotal role in fostering sustainable investment practices within central bank portfolios
  • Implementing policy measures to encourage sustainable finance practices, including ESG screenings and engagement with companies, and the utilisation of green bonds
  • Utilising innovative approaches for green finance, risk management, and compliance to bolster resilient financial systems

13:0014:30

Lunch break, and networking

13:00 - 14:30

14:3015:30

Driving sustainability through technology innovation

14:30 - 15:30

  • Leveraging AI, IoT, and blockchain to advance environmental sustainability goals, including AI's role in assessing and mitigating climate change
  • Central government's pivotal role in fostering an environment conducive to sustainable fintech emergence and innovation
  • Implementing policy measures to encourage sustainable finance practices, such as fintech assessments guiding decisions towards sustainability
  • Utilising technology for green finance, risk management, and compliance to bolster resilient financial systems while enhancing financial inclusion through digital financial services

15:3016:00

Chairs closing remarks

15:30 - 16:00