Agenda

Agenda

Central Banking Summer Meetings Agenda 2021

ALL TIMINGS SHOWN ARE IN GMT

09:0009:30

Keynote presentation: what will be the impact of climate transition on monetary policy?

09:00 - 09:30

  • How does climate change fit in to current monetary policy frameworks?
  • How will climate change affect the way that central banks identify shocks hitting the economy?
  • Will central banks be forced to take nonstandard policy measures?
Pablo Hernández de Cos

Governor

Bank of Spain

10:0010:30

Presentation: lessons learnt on monetary policy in crisis

10:00 - 10:30

  • What is the right balance between monetary policy and fiscal policy?
  • How much further will non-conventional policy go?
  • Implications of Covid-19 on emerging market local currencies- Did stringency policies work?
  • What are the long term consequences of the emergency interventions?
Andrew Abir

Deputy governor

Bank of Israel

Andrew Abir is the director of the Market Operations Department and a member of the management board of the Bank of Israel.

The Market Operations Department has three main functions: implementing monetary policy; managing the foreign exchange reserves of the State; implementing foreign exchange policy and supporting the orderly activity of foreign exchange trading in Israel. The Department is responsible for all the operations of the central bank in the financial markets, both domestic and international.

Mr. Abir has been at the central bank since 1987, initially in the Office of the Governor and then moving to the Foreign Exchange Department in 1992. He also serves as an external director of the Tel Aviv Stock Exchange. He holds a BA in Politics, Philosophy and Economics from Oxford University and a MBA from the Hebrew University of Jerusalem.

 

11:0011:45

Panel discussion: what is the current state of the monetary policy frameworks

11:00 - 11:45

  • What are the current issues with the monetary policy frameworks?
  • What do the future monetary policy strategies look like post pandemic?
  • What does this mean for the global economies? 

 

Marianne Nessén

Senior advisor to the executive board

Sveriges Riksbank

Marianne Nessén, Senior Advisor to the Executive Board of Sveriges Riksbank 

Dr. Nessén is Senior Advisor to the Executive Board of Sveriges Riksbank, the central bank of Sweden, after having been head of the Monetary Policy Department for five years. Prior to that she held various positions at the Riksbank, including in the Research Department. She was the Riksbank representative in the Markets Committee at the BIS during 2007-2014. She is the Riksbank’s representative in the Network for Greening the Financial System (NGFS). 

Dr. Nessén holds a PhD from the Stockholm School of Economics, where she is an associate professor. She has published research on monetary policy in leading academic journals. 

Gaston Gelos

Assistant director and chief of the monetary and macroprudential policies division

IMF

12:1512:45

Interview with Central Banking’s Lifetime Achievement Award Winner 2021

12:15 - 12:45

13:1513:45

Challenges to central bank independence in the post-pandemic world
Academic keynote speech

13:15 - 14:45

Kenneth Rogoff

Thomas D. Cabot professor

Harvard University

Kenneth Rogoff is Thomas D. Cabot Professor at Harvard University.  From 2001–2003, Rogoff served as Chief Economist at the International Monetary Fund. His widely-cited 2009 book with Carmen Reinhart, This Time Is Different:  Eight Centuries of Financial Folly, shows the remarkable quantitative similarities across time and countries in the run-up and the aftermath of severe financial crises. Rogoff is also known for his seminal work on exchange rates and on central bank independence.  Together with Maurice Obstfeld, he is co-author of Foundations of International Macroeconomics, a treatise that has also become a widely-used graduate text in the field worldwide. Rogoff’s 2016 book The Curse of Cash  looks at the past, present and future of currency from standardized coinage to crypto-currencies and central bank digital currencies.  His monthly syndicated column on global economic issues is published in over 50 countries.

Rogoff is an elected member of the National Academy of Sciences, the American Academy of Arts and Sciences, and the Group of Thirty, and  he is a senior fellow at the Council on Foreign Relations. Rogoff has been consistently among the top ten on RePEc’s ranking of economists by scholarly citations. He is also an international grandmaster of chess.

13:4514:00

Central Banking Awards 2021

13:30 - 14:00

14:1514:45

Keynote presentation: what are the key challenges for the preservation of financial stability? 

14:15 - 14:45

  • How should macro-prudential policy act in the post-COVID-19 economy?
  • What is the role of stress testing and scenario analysis?
  • How should macro-prudential policy deal with climate transition?
Pedro Duarte Neves

Former vice-governor

Bank of Portugal

Pedro Duarte Neves was Vice-Governor of Banco de Portugal from June 2006 to September 2017. During that period, he also chaired the Board of the Deposit Guarantee Fund, the Board of the Resolution Fund and the Board of the National Council for Audit Supervision. As of September 2017 he acts as Adviser for the Board of Directors of Banco de Portugal.

Pedro Duarte Neves acted as Alternate Chairperson of the EBA from July 2013 to June 2018 and, over the past years, chaired a number of European groups on economic and financial matters in the scope of the Financial Stability Board, the European Banking Authority and the Joint Committee of the European Supervisory Authorities. Pedro Duarte Neves was a member of the ECB’s Supervisory Board until September 2014 and a member of the General Board of the European Systemic Risk Board, from its creation to September 2017.

He joined the Research Department of Banco de Portugal in 1994 and served there until July 2004. He chaired the National Communications Authority (ANACOM) from September 2004 to June 2006.

Pedro Duarte Neves holds a PhD in Economics from Université Catholique de Louvain and he is Professor at Católica Lisbon – Business and Economics.

14:4515:15

Networking
Please use the platform to arrange 1-2-1 meetings with your peers

11:00 - 12:15

15:1516:00

Panel discussion: what did 2020 teach central banks for managing the current challenges to the banking and non-banking sector?

15:15 - 16:00

  • How is the banking sector balancing profitability and new capital requirements?
  • How is the banking sector addressing new trends such as digilitisation?
  • What are the financial stability implications of an increase in leveraged loans?
  • What were the issues pre covid-19, have they changed now?

 

15:4516:15

Networking
Please use the platform to arrange 1-2-1 meetings with your peers

11:00 - 12:15

16:3017:15

Discussing EDI: why is diversity important for macro policy?
Via zoom for audience interaction

16:30 - 17:15

  • How does embedding diverse and inclusive cultures in to decision-making committees benefit policymaking?
  • What are the challenges are associated with creating a diverse policy-making committee? Why is progress limited?
  • How does an increase in diversity within senior roles within central banks benefit the wider economy?
  • Is there a need greater collaboration between central banks to understand how minority groups contribute to the global economy?

 

09:3010:00

Keynote presentation: challenges of tackling climate risk: data, disclosures and definitions

09:30 - 10:00

  • How far are central banks in defining universal definitions?
  • What is the current climate risk data lacking?
  • How do central banks overcome the TCFD reporting issues?

10:3011:00

Interview: Hear Laurent Clerc from ACPR discuss their first results of their pilot climate exercise

10:30 - 11:00

11:3012:15

Panel discussion: what are the questions on data quality for climate risk disclosures?

10:30 - 11:15

  • What do the challenges of lack of historical data pose?
  • What data is currently available to central banks?
  • How can subjectivity and variability be improved?
Joaquín Vial

Deputy governor

Central Bank of Chile

 
He holds a Bachelor’s degree and an M.A. in economics from Universidad de Chile, and a Ph.D. in economics from the University of Pennsylvania (1988). 
 
Before his appointment as Board member, Mr. Vial was with the Research Department of Banco Bilbao Vizcaya Argentaria, BBVA, where he was Head Economist for South America (2008-2011), Head of Global Trends Unit (2006-2008), and Head Economist for Chile (2004-2006).
 
Between the years 2000 y 2003, he was in charge of the Andean Competitiveness Project at Harvard University’s Center for International Development (through June 2002) and subsequently at Columbia University (June 2002 – November 2003).
 
Previously, he was Head of Chile’s National Budget Office (1997-2000), Executive Director of the Latin American Research Corporation CIEPLAN (1994-1996) and Macroeconomic Policy Coordinator in the Ministry of Finance (1992- 1994). 
 
He has also been consultant to multilateral organizations such as the World Bank and the IADB, and to governments and private corporations. Between 2009 and 2011 he was Chairman of the Board of the pension fund management institution AFP Provida.
 
Mr. Vial has been a lecturer and researcher at Universidad de Chile, Universidad de Santiago and Universidad Adolfo Ibáñez. He has authored a number of academic papers on the copper market, fiscal and macroeconomic policies, and competitiveness in Latin American economies. 

Gabor Gyura

Head – supervisory methodology department

Central Bank of Hungary

Morten Kjærgaard

former departmental head, reserve management and collateral, banking and markets

National Bank of Denmark

Morten Kjærgaard is Head of Reserve Management and Collateral at Danmarks Nationalbank. The reserve amounts to EUR 63 billion and serves to support the fixed exchange rate policy and financial stability. Responsibilities also include managing the domestic bond portfolio and collateral pledged in relation to monetary policy lending. Prior to his current position Morten has worked in various areas including monetary policy implementation, government debt management and international relations.

12:1512:45

Networking
Please use the platform to arrange 1-2-1 meetings with your peers

11:00 - 12:15

12:4513:30

Oxford style debate: portfolio management - is negative screening enough?

13:15 - 14:00

  • Is positive screening a better alternative?
  • What methods can be used to find the best stocks?
  • What other strategies should be taken in to account?
Liliana Jeronimo

Head of markets analysis division

Bank of Portugal

13:3014:00

Networking
Please use the platform to arrange 1-2-1 meetings with your peers

11:00 - 12:15

14:0014:45

Fireside chat: ESG investing – what is the case for central banks disclosures?

13:15 - 14:00

  • Accountability for central banks sustainable responsible investment policies
  • How can central banks balance transparency and confidentiality?
  • Data collection and analysis for sharing best practices

15:1516:00

Presentation: future of climate risk and central banks

15:15 - 16:00

  • What is the relation between roles and mandates of central banks and climate risk?
  • Going forward, what is the importance of disclosure and transparency?
  • How do central banks restructure the economy with a green transition?  
Audun Gronn

Special advisor to the governor

Norges Bank

09:3015:30

Stream

Reserve Management Day 1

Keynote presentation: the current state of international foreign reserves management

10:30 - 11:00

  • What are the current challenges for asset management?
  • Will CNY investments be a significant portion of central bank reserves?
  • What is the state of emerging market economies?
  • What is the rationale of diversifying in to cryptos?
Panel discussion: how are reserve managers managing their portfolios?

11:30 - 12:15

  • Active vs passive in a crisis
  • Is there a hunt for more non-public assets?
  • How can central banks strengthen reserve management during a crisis?
Senior Representative

National Bank of Denmark

Torsten Rothe

Head of foreign reserve management section

Deutsche Bundesbank

Torsten Rothe is Head of the Foreign Reserve Management Section in the Directorate Markets of Deutsche Bundesbank. His team is responsible for managing the bank’s as well as parts of the ECB’s foreign reserves.

He joined the German central bank in 1998 and held various positions within the Directorate Markets with the main focus on the management of the foreign reserves.

Before taking up his current position in early 2019, Torsten worked from 2009 to 2011 as portfolio management expert in the Investment Division of the ECB. In December 2011 he joined the EFSF in Luxembourg to support the establishment of the ESM. Here he was involved in the implementation of new financial assistance instruments and setting up the investment division of the ESM. After his return to the Deutsche Bundesbank in early 2014 he headed the team, which is responsible for the bank’s portfolio management activities with respect to the asset purchase programmes of the Eurosystem.    

He studied at the University of Jena and holds a German diploma degree in business studies.

Juan Pablo De La Torre

Senior Portfolio Manager

Central Bank of Peru

Juan Pablo De La Torre is a Senior Portfolio Manager at the Central Reserve Bank of Peru, where he runs investments in the fixed income and foreign exchange markets. Mr. De La Torre has also led special efforts to implement new investment tools within the bank, and is in charge of managing the negotiations of financial master agreements (i.e. ISDA, GMRA) with international financial institutions. He earned an MBA degree with distinction from London Business School (LBS), and a B.A. in Economics from Universidad del Pacifico in Lima, Peru. He holds a Financial Risk Manager (FRM) charter, and has done extensive economic research on the relationship between corporate governance and firm performance for both Latin America and the United Kingdom.

Networking
Please use the platform to arrange 1-2-1 meetings with your peers

11:00 - 12:15

Panel discussion: how are central banks restructuring their SAA?

13:00 - 13:45

  • Why have central banks restructured their strategic asset allocation?
  • How can central banks introduce new asset classes in to the portfolio?
  • What is the benefit of diversifying in to non-traditional asset classes such as real estate and equities?
Etienne Lavigne

Head, middle office

National Bank of Belgium

Etienne Lavigne is currently head of the Middle Office at the National Bank of Belgium and recently received the responsibilities of Chief Risk Officer in the area of the Securities Settlement System of the Central Bank of Belgium (NBB-SSS). Previously he was also Foreign exchange dealer and portfolio manager in the same institution.

Etienne is also regularly involved in technical assistance and cooperation relationship with various central banks. He has a master in Economics from the University of Namur in Belgium.

Dan Alexandru

Senior portfolio manager and coordinator of the SAA

Dutch National Bank

Elisa Vilorio

Deputy director of the treasury department

Central Bank of Dominican Republic

Elisa Vilorio Medina is a Technical Consultant and Deputy Director of the Treasury Department of the Central Bank of Dominican Republic, where she is responsible for the Management of the International Foreign Reserves, including quantitative analysis of risk management and portfolio management. She is a Fulbright Scholar and is pursuing a PhD in Economics at Florida International University (FIU). Miss Vilorio holds Master's degree in Finance and a post-graduate degree in Risk Management from the IAE Aix en Provence in France. She has participated in different projects with World Bank under the Reserve Advisory Management (RAMP) program. Likewise, Miss Vilorio has published several articles in the Central Banking Journal related to active management of a portfolio of International Reserves and hedging strategies using interest rate futures.

Africa in focus: how does a global recession impact the Africa region economies?
Via zoom for audience interaction

14:15 - 15:00

  • What is the impact of the pandemic on the Africa region reserves?
  • How does reserve adequacy fair in the Africa region?
  • How can central banks manage the future impacts of the drawdown of reserves to support fiscal policy across the continent?
  • Are reserve levels at risk of having capital controls to conserve foreign currency?
Oduetse Andrew Motshidisi

Chief executive cfficer

NBFIRA

Oduetse Andrew Motshidisi is former Deputy Governor at Bank of Botswana.  He retired in January 2016, having been first appointed to the position in 2001.  Prior to that appointment, he had served in various capacities in the Bank, mainly in the reserves management function, where he was Department Director until 2000.
 
Mr Motshidisi was seconded to the International Monetary Fund between 2006 and 2007 as a Special Appointee in the African Department where he contributed on financial sector development policy for Sub-Saharan Africa.
 
Prior to joining the Bank of Botswana, he served as a Development Officer in the Government of Botswana and has had a brief career at United States Agency for International Development where he served as Assistant Project Officer.
 
Mr Motshidisi is a non-executive Director of Barclays Bank of Botswana Limited.
 
He obtained Bachelors degree from the University of Botswana (1982) and Masters degree qualification from the University of Wisconsin – Madison in 1985.  In addition, he has attended numerous short courses on reserves management, an Advanced Management Programme (Oxford University).

Joseph Medzano

Deputy director, financial and capital markets

Ministry of Finance and Economic Development, Zimbabwe

Joseph Medzano (43) is a fellow to the IFC-Milken Institute Capital Markets Program from The George Washington University, USA. He is the Deputy Director, Debt Resource Mobilisation, at the Ministry of Finance and Economic Development, Government of Zimbabwe. He is a holder of an MBA (Finance) from the University of Zimbabwe, B. Com (Honours) in Banking and Finance from the National University of Science and Technology, Zimbabwe and a Diploma, Institute of Bankers of Zimbabwe. Joseph has proven business leadership in international commercial and investment banking with extensive exposure in the private sector and public debt, financial and capital markets development and regulation. 

Melvin Khomo

Head of financial markets

Central Bank of Swaziland

Melvin heads the Financial Markets Department of the Central Bank of Eswatini where his areas of responsibility include foreign exchange reserves management, government funding & debt issuance, monetary policy implementation and treasury operations. He holds an Mcom degree in Financial Markets from Rhodes University and a Phd in Development Finance from Stellenbosch University. Besides the Central Bank of Eswatini, Melvin has worked for other institutions that include the South African Reserve Bank, South African Post Office Group and the Bank of Namibia in various areas within Financial Markets, Investment Management and Treasury. In addition to Financial Markets, Dr Khomo has a passion for research and has published and presented some of his work in academic journals and international conferences. He currently serves as Chairperson of the SADC CCBG Financial Markets Subcommittee.

Stream

Fintech Day 1

FinTech & RegTech Awards 2021

09:00 - 09:30

Keynote presentation: big data and monetary policy

09:30 - 10:00

  • Where do central banks see the biggest opportunity in improving data architecture?
  • What challenges do central banks face when collecting, aggregating and analysing economic data from new sources?
  • Is data driven policy making the future of central banking?

 

Presentation: digitalization and the economy

10:30 - 11:00

  • What is the impact of digitalisation on the economy?
  • How can central banks manage the impacts?
  • What are the main obstacles for managing the effects of digitalisation on the economy?

 

Eric Santor

Bank of Canada

Advisor to the governor

Networking
Please use the platform to arrange 1-2-1 meetings with your peers

11:00 - 12:15

Discussing EDI: how can facilitating innovative technologies accelerate financial inclusion?

12:45 - 13:30

  • Who are most likely to have little or no access to financial services?
  • Should central banks play a greater role in financial inclusion? Should it explicitly be made part of a mandate?
  • Covid-19 underscored how important financial inclusion is – women and minorities were significantly more financially impacted. How can technology solve this problem?
Panel discussion: cloud integration for central banks

14:00 - 14:45

  • What are the main uses and benefits of cloud?
  • How can central banks integarate cloud?
  • What are the governance changes you need to adopt cloud?
Manoj Singh

Assistant general manager, banking supervision

Reserve Bank of India

Manoj Kumar Singh is a central banker with more than 14 years of experience, working currently in the area of supervision and supervisory policy development with Reserve Bank of India. His areas of expertise include risk-based supervision, fintech, regtech/suptech, with proper balance on both the challenges and opportunities.

Presentation: suptech technologies – how are they advancing?

15:15 - 16:00

  • What is the potential of supervisory technology?
  • What are the risks for financial stability, financial inclusion and financial market infrastructures?
  • What are the benefits?

09:3016:00

Stream

Reserve Management Day 2

Presentation: central bank capital policy and reserve management

10:30 - 11:00

  • Why do monetary policy and reserve management require a strong balance sheet?
  • What types of risks do central banks face embedded in future monetary policy measures?
  • How cam capital policy be aligned with reserve management investing through the monetary policy cycle?
Dirk Broeders

Senior risk manager – financial markets division

The Netherlands Bank

Presentation: what factors should matter when forecasting equity returns and risk?

11:30 - 12:15

  • How do National Bank of Poland forecast equity returns?
  • What are the most important factors when forecasting return and risk?
  • What are the expectations of risk and return?
Juliusz Jabłecki

Director, financial risk management department

National Bank of Poland

Juliusz Jabłecki is the Director of Financial Risk Management Department at Narodowy Bank Polski. He graduated with a Ph.D. in Economics from the University of Warsaw where he also teaches finance. Before joining the central bank, Mr. Jabłecki worked as an economic capital expert for Pekao Bank SA (then part of Unicredit Group). He is a co-author of the book “Volatility as an Asset Class: Obvious Benefits and Hidden Risks”, a contributor to Risk magazine, and author of numerous academic publications on monetary policy and quantitative finance. In his current role at NBP, Juliusz oversees strategic asset allocation for the central bank’s FX reserves portfolio. He is also responsible for financial risk management for NBP’s FX reserves portfolio as well as monetary policy and financial stability operations.

Networking
Please use the platform to arrange 1-2-1 meetings with your peers

11:00 - 12:15

Middle East in focus: how has the risk framework changed for central banks in light of the pandemic?

13:00 - 13:45

  • How has tactical asset allocation been impacted?
  • How have central banks changed their risk framework?
  • What will future risk appetite look like?
Discussing EDI: do women make ‘better’ reserve managers?

14:15 - 15:00

  • Why do you think there are more senior women within reserve management roles?
  • Is there a difference between a woman’s risk profiles in comparison to a man’s?
  • Does that make them better suited to reserve/risk management roles?
  • Is there a broader psychological element?  Ie. Do men approach problem solving differently?
Jean-François Rigaudy

Former deputy head of the banking department

Formerly BIS

Jean-François Rigaudy became Deputy Head of Banking and Head of Treasury in July 2013.

He joined the BIS in 1988 as a Portfolio Manager and, after holding various positions in Treasury and Asset Management, was appointed Head of Treasury in 1999.

Mr. Rigaudy retired from the BIS on 1 September 2020.

Before joining the BIS, he worked at the Bank of France, first in banking supervision and then in the foreign exchange and reserve management area.

Mr Rigaudy holds degrees in private law and history and a diploma from the Institut d'Études Politiques in Paris, where he also lectured in economics from 1984 to 1988.

Isabelle Strauss-Kahn

Consultant

ISK International

Isabelle Strauss-Kahn is the former Lead Financial Officer in the Financial Advisory and Banking Department at World Bank Treasury. She has gained more than 15 years’ experience in Market Operations Department, from front to middle and back-office aspects, at the Banque de France where she was Market Operations Director, but also at the BIS Banking Department. She participated in several technical assistance missions with the IMF, the World Bank and on a bilateral basis at the Banque de France.  She was a member of several international committees, has been a speaker in numerous conferences related to investment practices and wrote articles on reserve management. She got an MBA in France and an MA (with PhD core) in Economics from University of Chicago

 

Stream

Fintech Day 2

Presentation: developments in the fintech regulatory landscape

09:30 - 10:00

  • What is the regulatory perimeter?
  • What is the consumer protection considerations?
  • How do governance, risk management and operational resilience drive regulating fintech?
  • What are the benefits of data and information gathering and regulatory interventions?
Fireside chat: increasing cyber resilience

10:30 - 11:15

  • How could a severe cyber-attack undermine the financial system?
  • Should central banks enforce cyber stress tests?
  • How would a cyber stress test be constructed?
Networking
Please use the platform to arrange 1-2-1 meetings with your peers

11:00 - 12:15

Presentation: regulating AI and machine learning

12:45 - 13:30

  • Why does AI and machine learning need regulating?
  • What are the issues beyond ethical issues?   
  • What would a framework for regulating AI and machine learning look like?
Otar Gorgodze

Head of financial and supervisory technologies development department

National Bank of Georgia

Otar Gorgodze, CFA, FRM, Head of Financial and Supervisory Technologies Development Department at National Bank of Georgia, oversees Financial Innovation Office, Regulatory Sandbox, Open Banking and Information Exchange, AI model risk management, internal data science teams and Suptech applications. Previous change management portfolio includes Risk Based Supervisory change in banking supervision, development of cyber risk, operational risk, market risk, credit risk, macropudential risk, corporate governance and market conduct units. Acting member of Monetary Policy Committee. Contributed to change of monetary policy framework to Inflation Targeting. Prior to joining the public sector, has worked in private sector as a credit officer and investment analyst, held teaching positions at various universities. Has various publications on the topics of financial development and risk management.

Panel discussion: how do Innovation hubs & regulatory sandboxes help manage complex fintech environments?

14:00 - 14:45

  • What are the differences between innovation hubs and sandboxes?
  • What commitment of resources does a regulatory sandbox require?
  • How important is international collaboration?
Nasra Khalifa Habbani

Payments systems directorate

Central Bank of Sudan

Presentation: what is key for data integration and sharing?

15:15 - 15:45

  • What are the benefits of data sharing?
  • How can you standardize data?
  • What would a set of data standards look like?
  • What would unique identifiers look like?
Wanpracha Chaovalitwongse

Senior director department of data management and analytics

Bank of Thailand

Dr. Wanpracha Chaovalitwongse is Senior Director and Head of Data Management and Analytics at Bank of Thailand. Before joining BOT, he served as the 21st Century Leadership Endowed Chair in Engineering, Professor of Industrial Engineering, and Co-Director of the Institute of Advanced Data Analytics at the University of Arkansas. He previously held faculty positions at University of Washington, Princeton University and Rutgers University. Before working in academia, he worked at the Corporate Strategic Research, ExxonMobil Research & Engineering. He currently holds three patents of seizure prediction system and an intellectual property on opioid risk prediction tools. He has been invited to give lectures in top institutions around the world including Amazon, Facebook, MIT, Princeton University, University of Michigan, University of London, National University of Singapore, Peking University, Chinese Academy of Sciences, City University of Hong Kong, Seoul National University, and KAIST.

09:3010:00

Keynote presentation: currency agreements and cooperation on payments

09:30 - 10:00

  • What was the purpose of the bilateral swap agreement?
  • How does a bilateral swap agreement support financial stability?
  • What can cooperation on innovation in payments and digital financial services achieve?

 

10:0010:45

Networking
Please use the platform to arrange 1-2-1 meetings with your peers

11:00 - 12:15

10:4511:30

Panel discussion: improving cross-border payments

10:45 - 11:30

  • What advances have there been in the payments landscape?
  • What are the challenges for cross-border payments?
  • How can a CBDC decrease cross-border payments and enhance financial inclusion?
  • What are the considerations of security and existing payment systems?

 

Christina Wejshammar

Head of payments department

Riksbank

11:3012:00

Networking
Please use the platform to arrange 1-2-1 meetings with your peers

11:00 - 12:15

12:0012:30

Presentation: retail CBDC prototype case study: Federal Reserve Bank of Boston

12:00 - 12:45

  • What are the Fed and MIT jointly and independently working on?
  • What was the motivation?
  • What do different CBDC models look like?
  • What policy options and implications should be considered?

 

Jim Cunha

Senior vice president

Federal Reserve Bank of Boston

13:0013:45

Panel discussion: how will retail CBDC co-exist with paper currency and other digital payment schemes?

13:00 - 13:45

  • What are the main use cases for CBDC?
  • Will it displace paper currency and volumes on existing payment schemes?
  • Should CBDC interoperate with existing payment schemes, and how?
  • What impact would CBDC have on cryptocurrencies and stablecoins?
Sharmyn Powell

Chief risk officer

Eastern Central Caribbean Bank

Ms Sharmyn Powell has been employed at the Eastern Caribbean Central Bank for the past 24 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 Plan development and monitoring 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 internal Fintech Working Group, which is leading the implementation of the 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). 

Knut Sandal

Director of payments analysis and innovation

Norges Bank

Knut Sandal is director of Norges Bank’s Payment analysis and innovation unit and head of the bank’s working group on CBDC. He has held various positions within the bank’s financial stability and payments area since 1995.  

David Copple

Policy manager - digital currencies team

Bank of England

David Copple is a policy manager in the Digital Currencies Team at the Bank of England. He contributed to the Bank’s recent Discussion Paper on central bank digital currencies and has a background as an economist.

13:4514:15

Networking
Please use the platform to arrange 1-2-1 meetings with your peers

11:00 - 12:15

14:1515:00

Discussing EDI: featuring more ethnic diversity on banknotes and coins:

14:15 - 15:00

  • Why is it that thus far ethnic minorities are under-represented on banknotes?
  • Why is it important to have ethnic minorities represented on banknotes?
  • How can this be achieved - does the issue start with the under-representation of BAME in Banknote Advisory Committees?

15:0015:30

Networking
Please use the platform to arrange 1-2-1 meetings with your peers

11:00 - 12:15

15:3016:00

Panel discussion: latest developments in banknote technology

15:30 - 16:15

  • How can central banks measure carbon footprint?
  • How can banknote security be improved through technology?
  • What are the new technologies to help reduce the circulation of counterfeit banknotes?

 

Ton Roos

Director of banknotes

European Central Bank

Ton Roos has been the Director of Banknotes at the European Central Bank in Frankfurt since November 2008. Before that, he had been the Head of the Cash Policy Department at De Nederlandsche Bank in Amsterdam since 2002 and the Deputy-Head of the Currency Policy Department from 1999. Between 1994 and 1999, he was Plant & Technology Manager at a subsidiary company of Akzo Nobel. From 1984 until 1994, he held various R&D and management positions at Akzo Nobel. Mr Roos has been the Chairman of the Banknote Committee (BANCO) of the European System of Central Banks since December 2008 and was a member of BANCO between 1999 and 2008. In 2012, he was appointed as member of the Executive Committee of the Central Bank Counterfeit Deterrence Group (CBCDG). He holds a PhD in solid state chemistry.

Mark Gould

Chief payments executive

Federal Reserve Financial Services

Mark A. Gould, Chief Payments Executive, Federal Reserve Financial Services

Mark Gould is the Federal Reserve System’s first chief payments executive. He is responsible for leading the full range of cash and payment services provided by Federal Reserve Financial Services, working to deliver a fully-integrated suite of payment services and a unified customer experience for financial institutions nationwide.

Mr. Gould previously served as the chief operating officer and first vice president of the Federal Reserve Bank of San Francisco. From this position, he led the Federal Reserve System’s Cash Product Office, which oversees the processing, quality, and distribution of U.S. currency domestically and internationally.

Mr. Gould’s career at the Federal Reserve began thirty years ago in the Retail Payments Division of the Federal Reserve Bank of San Francisco. Prior to his role as chief operating officer and first vice president and national cash product director, Mr. Gould led the Seattle branch and provided leadership to technology, operations, and administrative functions. He holds a bachelor’s degree in economics from Pacific Lutheran University and a master’s degree in applied economics from Seattle University.

A Washington State native, Mr. Gould keeps his ties to the Northwest by serving as a vice chair on the Board of Regents of Pacific Lutheran University. He now lives in Lafayette, California, with his wife Lisa.