Agenda

Agenda

Central Banking Summer Meetings Agenda 2021

ALL TIMINGS SHOWN ARE IN BST

The future of macroeconomic policy

08:3008:45

Opening remarks for the Central Banking Summer Meetings

08:45 - 08:55

08:5509:00

Chair welcome remarks

08:55 - 09:00

Sharon Donnery

Deputy governor

Central Bank of Ireland

Sharon was appointed Deputy Governor, Central Banking on 1 March 2016. She is an ex officio member of the Central Bank Commission and the Governor's Alternate on the Governing Council of the European Central Bank (ECB). Sharon is responsible for leading the financial stability; economics and statistics and financial operations directorates of the Central Bank. She is also the Chair of the ECB Budget Committee (BuCom) having been appointed by the ECB Governing Council in December 2016.

Sharon was Acting Governor from 1 June 2019 to 31 August 2019. She was previously a member of the European Systemic Risk Board (ESRB) and Alternate Member of the Supervisory Board of the Single Supervisory Mechanism (SSM). She has chaired a number of European Committees including being Chair of the ECB High Level Group on Non-Performing Loans (NPLs), Chair of the European Banking Authority's (EBA) Consumer Protection Group and Vice-Chair of the EBA Standing Committee on Consumer Protection and Financial Innovation.

Sharon joined the Central Bank in 1996 as an Economist in the Monetary Policy Division and has held a range of senior positions as head of division. From February 2013 to August 2014, she held the statutory position of Registrar of Credit Unions and from April 2014 to May 2016 was Director of Credit Institutions. Prior to joining the Central Bank, Sharon lectured in economics at the National University of Ireland Maynooth.

Sharon holds a B.A. in Economics and Politics and a M.A. in Economics from University College Dublin and a Diploma in Company Direction from the Institute of Directors. In 2019, she was admitted to the Institute of Directors in London as a Chartered Director. In 2020, she was appointed as an Adjunct Professor of Economics in Trinity College Dublin.

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 into 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 non-standard policy measures?
Pablo Hernández de Cos

Governor

Bank of Spain

Pablo Hernández de Cos is Governor of the Banco de España and member of the Governing and General Council of the ECB. He is Chair of the BCBS and of the Advisory Technical Committee of the ESRB. He is member of various European and International Committees including the ESRB, the FSB, the BIS Group of Governors and Heads of Supervision, the Advisory Board of the FSI and the CEMLA. He is also Vice-Chairman of the Board of the Spanish Macroprudential Authority Financial Stability Board (AMCESFI).

Prior to his current position he was Director General for Economics, Statistics and Research of the Banco de España, headed its Economic Policy Analysis Division, worked as an adviser to the ECB’s Executive Board and as an Economist of the Banco de España.

He holds a PhD in Economics (Complutense University, Madrid), a degree in Economics and Business Studies (CUNEF) and a degree in Law (UNED).

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 currencies - did contingency policies work?
  • What are the long- term consequences of central bank 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 next for monetary policy frameworks?

11:00 - 11:45

  • What are the current issues with monetary policy frameworks?
  • What will the future monetary policy strategies look like post pandemic?
  • What could this mean for the global economy?
 
 
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

Gaston Gelos, Assistant Director at the Monetary and Capital Markets Department of the International Monetary Fund, is the head of the Monetary and Macroprudential Policies Division in that department. In that capacity, he leads research and policy work in the areas of monetary-, capital-flow-, exchange-rate-, and macroprudential policies, and oversees global technical assistance efforts in these areas. Previously, he headed the Global Financial Stability Analysis Division, where he was in charge of the analytical chapters of the IMF’s Global Financial Stability Report. In 2017, he also led the IMF’s Financial Sector Assessment Program (FSAP) for Japan. In the past, he held a variety of positions in different departments at the IMF, including as Advisor in the IMF Institute, as mission chief for Nicaragua and Uruguay, and as the Fund's Resident Representative to Argentina and Uruguay. Previous experiences include consultant roles at Banco the Mexico and the World Bank, and as an advisor to the German Deputy Foreign Minister. His research covers a range of topics including banking, capital flows, financial stability, and monetary policy, and has been published in leading academic journals. Mr. Gelos holds a Ph.D. from Yale University, and a Diplom from Bonn University.

Francisco G. Dakila, Jr.

Deputy Governor of the Monetary and Economics Sector

Bangko Sentral ng Pilipinas

Dr. Francisco G. Dakila, Jr. is the Deputy Governor of the Monetary and Economics Sector. Prior to this, he was the Assistant Governor of the Monetary Policy Sub-Sector, Bangko Sentral ng Pilipinas. He provided highly technical advisory support on matters relating to the formulation, implementation and assessment of policies and programs in his areas of specialization, which include the monetary, external, real, and financial sectors.

Before joining the BSP, he worked at the US Agency for International Development (USAID) and at the Agricultural Credit Policy Council. He also previously taught at the University of the Philippines School of Economics and at the De La Salle University in Manila.

He received his Ph. D. and MA in Economics and B.S. in Economics (magna cum laude) from the University of the Philippines-School of Economics. He is a lifetime member of the Philippine Statistical Association (PSA) and the Philippine Economics Society (PES), wherein he also served as Secretary and Board Member from 2005-2006. He is also a member of the International Input-Output Association (IIOA). He is currently an Associate Editor of the Philippine Review of Economics. He has published papers at the Philippine Review of Economics, Philippine Statistician, Bangko Sentral Review, and BSP Working Paper series, as well as chapters in several publications of the BSP, including Money and Banking in the Philippines: Perspectives from the Bangko Sentral ng Pilipinas, and Philippine Central Banking: A Strategic Journey to Stability

Daniel Chiquiar

Chief economist

Bank of Mexico

Sharon Donnery

Deputy governor

Central Bank of Ireland

Sharon was appointed Deputy Governor, Central Banking on 1 March 2016. She is an ex officio member of the Central Bank Commission and the Governor's Alternate on the Governing Council of the European Central Bank (ECB). Sharon is responsible for leading the financial stability; economics and statistics and financial operations directorates of the Central Bank. She is also the Chair of the ECB Budget Committee (BuCom) having been appointed by the ECB Governing Council in December 2016.

Sharon was Acting Governor from 1 June 2019 to 31 August 2019. She was previously a member of the European Systemic Risk Board (ESRB) and Alternate Member of the Supervisory Board of the Single Supervisory Mechanism (SSM). She has chaired a number of European Committees including being Chair of the ECB High Level Group on Non-Performing Loans (NPLs), Chair of the European Banking Authority's (EBA) Consumer Protection Group and Vice-Chair of the EBA Standing Committee on Consumer Protection and Financial Innovation.

Sharon joined the Central Bank in 1996 as an Economist in the Monetary Policy Division and has held a range of senior positions as head of division. From February 2013 to August 2014, she held the statutory position of Registrar of Credit Unions and from April 2014 to May 2016 was Director of Credit Institutions. Prior to joining the Central Bank, Sharon lectured in economics at the National University of Ireland Maynooth.

Sharon holds a B.A. in Economics and Politics and a M.A. in Economics from University College Dublin and a Diploma in Company Direction from the Institute of Directors. In 2019, she was admitted to the Institute of Directors in London as a Chartered Director. In 2020, she was appointed as an Adjunct Professor of Economics in Trinity College Dublin.

11:4512:15

Central Banking Awards 2021

13:30 - 14:00

12:4513:15

Fireside chat with Central Banking’s Lifetime Achievement Award Winner 2021 Charles Goodhart

12:15 - 12:45

  • Economic fads and the importance of money
  • Were inflation targets since the 1990s the correct approach?
  • Central banks and financial stability
  • Looking through Covid at long-term Inflation trends
  • The perils of the Fed’s new AIT regime
  • Threats to central bank independence

 

Charles Goodhart

Professor emeritus

London School of Economics

13:1513:45

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

13:15 - 14:45

  • The origin and expansion of central bank independence
  • Mission creep or victims of their own success?
  • Threats to independence: internal and external
  • An end to the era of independent central banks?
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.

Evaluating the challenges impacting financial stability

14:0014:30

Keynote presentation I: the importance of transparency in promoting financial stability

14:00 - 14:30

  • How does the level of transparency affect financial stability policy effectiveness?
  • What are the risks and challenges in enhancing transparency and communication?
  • How can transparency help central banks to increase public support and promote financial stability?
  • Is there a need for a higher level of transparency as central bank’s roles and mandates have become broader and more complex?
 
Koba Gvenetadze

Governor

National Bank of Georgia

Koba Gvenetadze, Chairman of the Board of the National Bank of Georgia, Governor since 2016. He held position of Economic Adviser at investment banking and management services company “Galt & Taggart” (2015-2016). He worked at the International Monetary Fund (IMF), in Washington D.C. as Senior Economist of Middle East and Central Asia Department (2002-2015), including serving as resident representative of the IMF in Azerbaijan and the Kyrgyz Republic. He held positions of Deputy State Minister (2001-2002) and Deputy Finance Minister of Georgia (2000-2001). In different years he worked for the National Bank of Georgia as a Senior Economist and for the local office of the International Monetary Fund as an Economist. Mr. Gvenetadze is a graduate of Tbilisi State University, Department of Finances and Credit. He also graduated from American University, Washington DC, USA in 2000 with a Master of Arts degree in Economics. Global Finance ranked Koba Gvenetadze among the Best Central Bankers in 2018, 2019 and 2020.

15:0015:30

Keynote presentation II: 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.

16:0016:30

Interview: role of macro-prudential policy in mitigating repercussions of Covid-19

16:00 - 16:30

  • How is the banking sector balancing profitability and new capital requirements?
  • How did the financial crisis prepare central banks for the pandemic-led crisis?
  • What challenges did central banks face as a result of the pandemic?
  • What should the future of macro-prudential policy look like post pandemic?
Jouni Timonen

Head of financial stability

Central Bank of the UAE

Victor Mendez-Barreira

Staff writer and subject matter specialist, Central Banking

Central Banking Publications

Victor is a staff writer on the Central Banking newsdesk. He has previously held positions on El País and the Wall Street Journal.

16:3017:15

Discussing EDI: why is diversity important for policy making?
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 associated with creating a diverse policy-making committee? Why is progress limited?
  • How does an increase in diversity within senior roles at central banks benefit the wider economy?
  • Is there a need for greater collaboration between central banks to understand how minority groups contribute to the global economy?

 

 

Rachael King

Associate editor and subject matter specialist, Central Banking

Central Banking Publications

Rachael is Central Banking's Associate/Commercial Editor. She graduated from the University of Nottingham with a first-class degree in classical civilisations. Rachael also manages the Book notes section and is editor of Central Banking’s FinTech & RegtTech Global Awards.

 

Clair Mills

PRA chief operating officer

Bank of England

Clair Mills is currently the Chief Operating Officer for the Prudential Regulation Authority (PRA), within the Bank of England. Clair is responsible for PRA operations, this includes delivery of the PRA’s Operating Strategy, Budget, Internal Communications and Investment Portfolio. Other areas of responsibility include managing Data Innovation, Strategic Business Systems and the PRA’s preparation for Brexit across the organisation.

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 to transition to the PRA and FCA regulatory model, moving across to the Bank of England with the PRA.

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 are in place, Clair is also responsible for driving a demand led data approach for the PRA, this includes giving key note speeches both in the UK and internationally on topics such as Regulatory Technology (RegTech) and how regulators can take advantage of the advances in technology in the work we do.

Keeping up with advances in data techniques and technologies provides Clair with quite a challenge as well as an exciting field in which to work.

Clair’s home is a working farm in rural Devon, which she shares with her husband and son. Her passion since childhood is horses, together with helping out on the farm, this provides great way to recharge batteries and a very different challenge.

Exploring and resolving the challenges central banks face in climate risk transition

08:2508:30

Chair welcome remarks

08:55 - 09:00

Morten Kjærgaard

Independent consultant

former National Bank of Denmark

Morten is an independent consultant within asset management and public finance. He is former Head of Reserve Management at Danmarks Nationalbank where he was responsible for the trading, risk management, quant and monetary policy collateral units. He has also worked with monetary policy implementation, government debt management and international relations and has worked as an international consultant on behalf of the World Bank.

08:2508:50

Keynote presentation I: Bank of Ghana’s approach to climate change

08:25 - 08:50

  • Why does monetary policy need to be greener?
  • What are the financial stability implications of climate change and climate transition?
  • What is Bank of Ghana’s sustainable investment approach?

 

Philip Abradu-Otoo

Director of research

Bank of Ghana

09:0009:30

Keynote presentation II: the state of play of central bank initiatives on climate change

09:30 - 10:00

  • What role do central banks play in combatting climate change? 
  • What is the state of policy action to fight climate change?
  • What will the impact of transitioning to carbon neutral have on central banks’ balance sheets and policies?
Morgan Després

Head of strategy

Banque de France

10:3011:00

Interview: the first results of the ACPR’s pilot climate exercise

10:30 - 11:00

  • Why was the climate pilot exercise needed?
  • What methodologies and scenarios were used?
  • What where the challenges to learn from in the future?
Laurent Clerc

Director for research and risk analysis

ACPR Bank of France

Morten Kjærgaard

Independent consultant

former National Bank of Denmark

Morten is an independent consultant within asset management and public finance. He is former Head of Reserve Management at Danmarks Nationalbank where he was responsible for the trading, risk management, quant and monetary policy collateral units. He has also worked with monetary policy implementation, government debt management and international relations and has worked as an international consultant on behalf of the World Bank.

11:3012:00

Presentation: navigating the risks and opportunities of climate risk

11:30 - 12:00

  • Analysing the impact of climate risks on assets
  • Mitigating climate risks and identifying opportunities within central bank portfolios
  • Monitoring and reporting on climate risks
Phil Boyle

Partner

Lane, Clark & Peacock

Phil has over 30 years of experience using actuarial mathematics to help a diverse range of clients to set their investment strategies and achieve their objectives.

He joined LCP in 1995 and was one of the two founding members of the LCP investment department and the architect of the current belief that setting the investment strategy is by far the most important decision that investors make.

Philip has worked with a diverse range of clients such as the Government of Jordan where he modelled population fertility rates and hence population growth and what the social security contribution rates should be to pay for health care and other benefits. He has also worked for the World Bank on a project for the State Life Insurance Company of Pakistan to help them refine their investment strategy decision-making process as they were (and still are) by far the largest investor in the Pakistan equity and bond markets and he has also advised the UK Government on how to set investment strategies for nuclear decommissioning liabilities over a 120 year decommissioning time frame.

His current client list includes Sovereign Wealth funds in Africa, he is part of an LCP team that is developing some stochastic models for use in the Private Wealth world and he is part of an LCP team that specialises in buy-out liabilities with insurance companies.

Hishendhra Ravindra

Partner

Lane, Clark & Peacock

Hish is a Partner in the Investment department and leads LCP’s wealth advisory work which includes providing advice and ongoing support to sovereign wealth funds, central banks, and private wealth firms. He works with his institutional clients and other stakeholders in a collaborative manner to help them find ways to achieve their objectives while managing risk.

Hish is a senior member of LCP’s Investment Strategy group which is responsible for developing LCP’s approach to setting our clients’ investment strategy and asset allocations. He also works closely with LCP’s in-house technology team to develop customised reporting and risk monitoring tools that are used by our clients to enhance their decision-making.

He is a senior researcher on the fixed income research team. Hish was responsible for LCP’s work in helping clients construct high-quality fixed income portfolios for clients with a focus on liquidity, stability and income.

Hish joined LCP having graduated from the London School of Economics with a degree in actuarial science. Hish is a qualified CFA charter-holder.

12:3013:15

Panel discussion: key issues on data quality for climate risk disclosures

10:30 - 11:15

  • What challenges does the lack of historical data pose?
  • What data is available to central banks?
  • How can subjectivity and variability be improved on?
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

Thibauld Clisson

ESG analyst, climate change lead

BNP Paribas Asset Management

Thibaud joined the ESG research team of BNPP AM in 2009 and is a senior ESG analyst in charge of the energy and utilities sectors. He is also in charge of the ESG integration within the Private Debt and Real Assets strategies. Thibaud has been leading BNPP AM thinking on climate change and is a member of the IIGCC Corporate programme and of the Scientific Committee of the Euronext Low Carbon 100 Europe index. Prior to joining the firm, he spent two years working at GDF Suez (Engie) in France as a business analyst.

Thibaud holds a Master degree in Management from the SKEMA Business School, Lille, France (2008) and a Master degree in Corporate Social Responsibility from the Gustave Eiffel Business School at Paris-Est Créteil Val-de-Marne University, France (2009). He then went on to complete an Executive Master in Energy Management (EMEM) from the ESCP Europe, Paris (2017). He qualified as a Certified ESG Analyst (CESGA) with EFFAS (2020)

Morten Kjærgaard

Independent consultant

former National Bank of Denmark

Morten is an independent consultant within asset management and public finance. He is former Head of Reserve Management at Danmarks Nationalbank where he was responsible for the trading, risk management, quant and monetary policy collateral units. He has also worked with monetary policy implementation, government debt management and international relations and has worked as an international consultant on behalf of the World Bank.

13:4514:30

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

Anna Hyrkse

Principal responsible investment specialist

Bank of Finland

Mariela Vargova

Invesco

Senior ESG analyst

Franz Partsch

Director - Treasury Department

Central Bank of Austria

Franz Partsch is director of the treasury department of Oesterreichische Nationalbank (OeNB). He joined OeNB in 1990 and previously served as head of the treasury strategy division and head of the equity interest management division. He also held positions in the credit division as well as the monetary statistics division. Before joining OeNB Franz worked as a credit analyst in a commercial bank. Franz Partsch holds a Master of Business Administration from Vienna University of Economics and Business Administration.

Morten Kjærgaard

Independent consultant

former National Bank of Denmark

Morten is an independent consultant within asset management and public finance. He is former Head of Reserve Management at Danmarks Nationalbank where he was responsible for the trading, risk management, quant and monetary policy collateral units. He has also worked with monetary policy implementation, government debt management and international relations and has worked as an international consultant on behalf of the World Bank.

15:0015:20

Presentation: solving the ESG data challenge - an impossible goal?
Questions for this session to be answered on the zoom session afterwards

15:00 - 15:20

  • Overview of changes of the approaches to ESG
  • What reporting frameworks are central banks using?
  • How are central banks investing in and accessing ESG data?
  • What are the biggest barriers to accessing high quality ESG data? How are central banks overcoming these?
Vera Delvoye

Asset owners segment strategy lead

BNP Paribas Securities Services

Vera was appointed Asset Owners Segment Strategy Lead and Sustainability Ambassador for Asset Owners and Managers Client Line in September 2020. She has over 18 years’ experience in the banking industry, including 12 years with BNP Paribas Group where she occupied several positions in Corporate and Institutional banking, Private Banking and International Retail Banking . Vera holds a BA in economics from Lomonosov Moscow State University and MA in finance from the Financial University under the Government of the Russian Federation.  In 2020 Vera has awarded a Positive Impact Business certificate from Cambridge Institute for Sustainability Leadership , University of Cambridge.

15:3016:15

Roundtable discussion: approaches to ESG adoption and integration
Session to be interactive held via zoom

15:30 - 16:15

  • Overview of the approaches of institutional investors on ESG adoption
  • What are the obstacles for central banks in adopting ESG and sustainable investment practices?
  • What are the implications of inconsistency of reporting and access to data?
  • How can these issues be resolved?
Vera Delvoye

Asset owners segment strategy lead

BNP Paribas Securities Services

Vera was appointed Asset Owners Segment Strategy Lead and Sustainability Ambassador for Asset Owners and Managers Client Line in September 2020. She has over 18 years’ experience in the banking industry, including 12 years with BNP Paribas Group where she occupied several positions in Corporate and Institutional banking, Private Banking and International Retail Banking . Vera holds a BA in economics from Lomonosov Moscow State University and MA in finance from the Financial University under the Government of the Russian Federation.  In 2020 Vera has awarded a Positive Impact Business certificate from Cambridge Institute for Sustainability Leadership , University of Cambridge.

Johanna Lasker

Head of Central Banks and Official Institutions

BNP Paribas Asset Management

Johanna Lasker is the Head of Central Banks and Official Institutions for BNP Paribas Asset Management. She is responsible for managing and growing our official institutions business globally, which includes developing business, servicing clients and ensuring we are meeting the needs of this client segment. She originally joined FFTW, a predecessor of BNP Paribas Asset Management, in 1997. She then left the firm in 2000 and rejoined in 2004. She is based in New York.

In addition to working for BNP Paribas Asset Management and FFTW, Johanna worked in the Corporate Finance division at UBS for two years, where she was an Associate Director in the Consumer Products Group in New York. She later transferred to the Global Industrial Group in Japan where she lived for a year.

Johanna has 20 years of investment experience. She earned an MBA in Finance and International Business from New York University, and a BA in East Asian Studies from Stanford University.

Thibauld Clisson

ESG analyst, climate change lead

BNP Paribas Asset Management

Thibaud joined the ESG research team of BNPP AM in 2009 and is a senior ESG analyst in charge of the energy and utilities sectors. He is also in charge of the ESG integration within the Private Debt and Real Assets strategies. Thibaud has been leading BNPP AM thinking on climate change and is a member of the IIGCC Corporate programme and of the Scientific Committee of the Euronext Low Carbon 100 Europe index. Prior to joining the firm, he spent two years working at GDF Suez (Engie) in France as a business analyst.

Thibaud holds a Master degree in Management from the SKEMA Business School, Lille, France (2008) and a Master degree in Corporate Social Responsibility from the Gustave Eiffel Business School at Paris-Est Créteil Val-de-Marne University, France (2009). He then went on to complete an Executive Master in Energy Management (EMEM) from the ESCP Europe, Paris (2017). He qualified as a Certified ESG Analyst (CESGA) with EFFAS (2020)

Audun Gronn

Special advisor to the governor

Norges Bank

Morten Kjærgaard

Independent consultant

former National Bank of Denmark

Morten is an independent consultant within asset management and public finance. He is former Head of Reserve Management at Danmarks Nationalbank where he was responsible for the trading, risk management, quant and monetary policy collateral units. He has also worked with monetary policy implementation, government debt management and international relations and has worked as an international consultant on behalf of the World Bank.

16:4517:15

Presentation: future of climate risk and central banking
Followed by chair closing remarks

16:45 - 17:15

  • What is the relation between the 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?  
  • What will the role of financial regulators be?
Audun Gronn

Special advisor to the governor

Norges Bank

Impact of Covid-19 on reserve management and understanding risk in central banks portfolios

08:5509:30

Chair welcome remarks

08:55 - 09:00

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.

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.

Keynote presentation: the current state of international foreign reserves management

09:00 - 09:30

  • What has the impact of Covid-19 been to the global economy?
  • What were the policy initiatives implemented by Bank Indonesia during the pandemic?
  • How did the reserve management in Bank Indonesia transform?
  • Overview of the Indonesian Economic outlook entering recovery
Dody Budi Waluyo

Deputy governor

Bank Indonesia

Dody Budi Waluyo will serve as the Deputy Governor of Bank Indonesia on April 18th2018 under decision of the President of the Republic of Indonesia Number 69/P 2018 at April 13th 2018, for a five-year term from 2018-2023. Previously, Dody Budi Waluyo served as the Assistant Governor and Head of Economic & Monetary Policy Department from 2016 until March 2018.

Before serving as the Assistant Governor of Bank Indonesia, Dody Budi Waluyo was one of the best economists of Bank Indonesia holding several important positions within the Central Bank of the Republic of Indonesia, namely Head of Strategic Management & Governance Department (2014-2016), Head of Economic & Monetary Policy Department (2013-2014), Head of Strategic Planning & Public Relations Department (2012-2013), Director of International Directorate (2012), Bureau Head of International Directorate (2010-2012), Deputy Director of Human Resource Department (2010), Bureau Head of Monetary Management Directorate (2006-2010), Senior Economic Researcher of the Economic & Monetary Statistics Directorate (2005-2006), Division Head of Economic & Monetary Statistics Directorate (2003-2005), and Division Head of Human Resource Department (2002-2003).

Starting out on his career in Bank Indonesia as a staff of Human Resource Department in 1988, Dody Budi Waluyo was once assigned as a member of the Working Groups of G20, BIS, IMF, and World Bank, in Monetary and Finance Section, and also a member of the FDI Statistics Working Group in ASEAN (2003-2006), and Advisor to the Executive Director for South East Asia Voting Group Office, International Monetary Fund, Washington D.C., USA (2000-2003).

Dody Budi Waluyo was born in Jakarta on 19 September 1961. He completed his undergraduate education in Economic Science & Development Study of University of Indonesia (UI). Afterward, Dody continued his education in University of Colorado, USA, and obtained his Master of Business Administration (MBA) degree.

10:0010:30

Presentation: China’s economic outlook in the post-pandemic world

10:00 - 10:30

Thumbnail
  • How can a V-shaped recovery support above trend growth in 2021?
  • What does high quality development in the 14th five-year period look like?
  • Overview of the world’s most important bilateral relationship: China and the US
Ricky Choi

Principal economist

Bank of China Hong Kong Financial Research Institute

Mr Ricky Choi is the Principal Economist of Bank of China Hong Kong Financial Research Institute, with over 15 years of experience in economic and policy research.  Mr Choi has in-depth understanding on Hong Kong, Mainland China, and the US economies.  Mr Choi frequently shares his insights and research results with the local and international media.  Prior to joining Bank of China (Hong Kong), Mr Choi worked in the Financial Secretary’s Office of the Hong Kong SAR Government and a globally financial institution.  He has a Master Degree of Science in Business Economics from the Chinese University of Hong Kong and a Bachelor Degree of Science in Surveying from the University of Hong Kong.  Mr Choi is also a Chartered Financial Analyst. 

10:3011:30

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

11:00 - 12:15

11:3012:15

Panel discussion: how are reserve managers managing their portfolios post pandemic?

11:30 - 12:15

  • Active vs passive: how did they perform in the crisis?
  • Is there a hunt for more non-public assets?
  • How can central banks strengthen reserve management ahead of the next crisis?
Thorsten Meyer Larsen

Head of reserve management

National Bank of Denmark

Arnab Das

Global market strategist & global thought leadership member

Invesco

Arnab Das is Global Market Strategist in the EMEA region, based in London, and a member of Invesco’s Global Thought Leadership team. He helps develop and communicate analysis and insight on the global economy and financial markets across asset classes for clients, media, governments and central banks. He works with Invesco’s investment teams across disciplines and regions and is a member of Invesco’s Global Investor Forum Advisory Council with a focus on global macro and emerging markets. Arnab’s research interests span economic policy, performance and reform; and economic and financial history.

Arnab joined Invesco in 2015 as Head of EM macro research for Invesco Fixed Income. He began his career in finance in 1992, and has served as Co-head of Economic Research & Strategy at Roubini Global Economics; Co-head of Global Economics & Strategy, Head of Global FX Research, and Head of EM Economics & Strategy at Dresdner Kleinwort; and Head of EEMEA Research at JP Morgan. He has also been a private consultant in global and emerging markets, as well as consulting with Trusted Sources, a specialist EM research boutique.

Arnab’s studies were in macroeconomics, economic history and international political economy. He received an AB from Princeton University in 1986 and completed his postgraduate and doctoral work at the London School of Economics in 1987-1992.

Elsa Brito

Director - reserve management

Bank of Cape Verde

Daniela Klingebiel

Manager - RAMP programme

The World Bank

Ms. Klingebiel is Manager of, Reserve Advisory and Management Partnership (RAMP) Program.  RAMP provides advisory, training, and assets management services to central banks, public pension funds, and sovereign wealth funds to enhance asset management policies, frameworks, and practices.  It now has more than 75 clients globally with assets under management of $26 billion and provides thoughtleadership and applied research in reserve and asset management, including, among others, through the global central bank survey.

Before her current position, Ms. Klingebiel was a Principal Portfolio Manager in the World Bank’s Pension and Endowment Department and a leadership team member. She was responsible for the team tasked with building and managing a private credit portfolio and emerging market equity portfolio.  From 2004 to 2014, Ms. Klingebiel built and co-managed a $2.5 billion fund of hedge fund portfolio.  When she joined the pension department, Ms. Klingebiel was responsible for the currency overlay and global tactical asset allocation program.  In addition to her portfolio management responsibilities, Ms. Klingebiel also led research projects on portfolio construction, manager alpha, factor risks exposure, macroeconomics, and macro topics.  She also developed a currency trading model for developed market currencies.

Ms. Klingebiel also worked in the World Bank’s Research and Financial Sector Policy and Strategy Departments and the East Asia and Africa regional departments.  In that capacity, she advised governments on financial sector policies and regulatory frameworks and researched banking systems, capital markets, and banking and financial system crises and their resolution mechanisms. 

Ms. Klingebiel has published extensively in pension management, capital markets, banking, financial crises, and enterprise and financial sector restructuring in leading professional and academic journals. 

Ms. Klingebiel joined the World Bank in 1995 through the Young Professional Program.  She earned her doctorate in economics at the Albert-Ludwigs-University in Freiburg, Germany, and a Master of Arts in Political Science and Master of Science in Economics. 

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.

12:1513:00

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

11:00 - 12:15

13:0013:45

Panel discussion: how are central banks restructuring their SAA?

13:00 - 13:45

  • Why and how have central banks changed their strategic asset allocations?
  • How can central banks introduce new asset classes into the portfolio?
  • What is the benefit of diversifying into 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

Jose Eduardo Agramonte

Deputy director of foreign reserves investments

Central Bank of the Dominican Republic

Johanna Lasker

Head of Central Banks and Official Institutions

BNP Paribas Asset Management

Johanna Lasker is the Head of Central Banks and Official Institutions for BNP Paribas Asset Management. She is responsible for managing and growing our official institutions business globally, which includes developing business, servicing clients and ensuring we are meeting the needs of this client segment. She originally joined FFTW, a predecessor of BNP Paribas Asset Management, in 1997. She then left the firm in 2000 and rejoined in 2004. She is based in New York.

In addition to working for BNP Paribas Asset Management and FFTW, Johanna worked in the Corporate Finance division at UBS for two years, where she was an Associate Director in the Consumer Products Group in New York. She later transferred to the Global Industrial Group in Japan where she lived for a year.

Johanna has 20 years of investment experience. She earned an MBA in Finance and International Business from New York University, and a BA in East Asian Studies from Stanford University.

14:1515:00

Roundtable discussion: navigating the transition to a greener future
Session will be interactive for the audience, held over zoom

14:15 - 15:00

  • How effective are current approaches to a green transition, could they be improved?
  • What are the different ESG metrics?
  • How can central banks manage the transition from brown to green assets when there are other ESG metrics at play?
  • How should central banks communicate the move to greener assets?
Phil Boyle

Partner

Lane, Clark & Peacock

Phil has over 30 years of experience using actuarial mathematics to help a diverse range of clients to set their investment strategies and achieve their objectives.

He joined LCP in 1995 and was one of the two founding members of the LCP investment department and the architect of the current belief that setting the investment strategy is by far the most important decision that investors make.

Philip has worked with a diverse range of clients such as the Government of Jordan where he modelled population fertility rates and hence population growth and what the social security contribution rates should be to pay for health care and other benefits. He has also worked for the World Bank on a project for the State Life Insurance Company of Pakistan to help them refine their investment strategy decision-making process as they were (and still are) by far the largest investor in the Pakistan equity and bond markets and he has also advised the UK Government on how to set investment strategies for nuclear decommissioning liabilities over a 120 year decommissioning time frame.

His current client list includes Sovereign Wealth funds in Africa, he is part of an LCP team that is developing some stochastic models for use in the Private Wealth world and he is part of an LCP team that specialises in buy-out liabilities with insurance companies.

Liliana Jeronimo

Head of markets analysis division

Bank of Portugal

Seamus Ruddy

Senior fixed income portfolio manager

Central Bank of Ireland

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.

15:1516:00

Focus roundtable: how does a global recession impact the Africa region reserves?
Via zoom for audience interaction

15:15 - 16:00

  • What has been the impact of the pandemic on reserves across Africa?
  • Have central banks changed their views on reserve adequacy in the past year?
  • How can central banks manage the impact of future drawdowns of reserves to support fiscal policy across the continent?
  • Is there a risk that today’s reserve levels will lead to capital controls aimed at conserving 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.

Moseki Caster

Head of financial markets department

Bank of Botswana

Caster L. Moseki is Director of Financial Markets Department (Bank of Botswana). He oversees the reserves management processes for the Bank’s foreign exchange reserves, invested in global equities and fixed income markets. He has worked in reserves management for over 26 years covering roles as Chief Dealer and Risk Manager. He drafts the Bank’s reserves Management Policies and Guidelines and oversees their implementation. Caster reports on portfolio risk and performance of external fund managers to the Investment Committee and Board. He is also responsible for the recommendations on the appointment of fund managers, custodian and investment consultant.

As Director of the Financial Markets Department Mr. Moseki also oversees the Bank’s monetary operations and the government debt issuance programme. The Department conducts weekly Bank of Botswana Certificate auctions to mop up excess liquidity in the system.  The Department is also responsible for the monthly auctions for Government of Botswana Treasury bills and bonds in the BWP30 billion issuance programme.

Mr. Moseki holds an MSc Degree in Finance from the University of Birmingham, United Kingdom.

09:0009:45

Reserve Management Day 2
Reserve Management

09:30 - 15:30

09:0009:45

Roundtable discussion: celebrating five years of renminbi in the SDR and its adoption within central banks
Session will be interactive via zoom

09:00 - 09:45

Thumbnail
  • How has the internationalisation of the renminbi faired?
  • How have central banks found implementing it in their portfolios?
  • What are the future challenges and opportunities?
Tony Wang

General manager - global markets

Bank of China Hong Kong

Mr. Wang joined Bank of China Head Office in 1994. From 1998 to 2001, he was appointed as the Acting Head of Financing Division, Global Markets, Bank of China.

During the period of 2001-2004, Mr. Wang served in Bank of China Hong Kong Branch as a Senior Manager, Joint Chief Portfolio Manager of Foreign Currency Fixed Income Investment and the Head of Global Assets Management.

He was relocated to Bank of China Head Office in 2004 as the Head of Debt Capital Market and Chief Portfolio Manager of RMB Fixed Income Investment.

In 2008, Mr. Wang was appointed as the Deputy General Manager of Global Markets, Bank of China (Hong Kong) Limited, in charge of the debt capital market and banknotes business. Since January 2016, Mr. Wang was appointed as General Manager, Global Markets, Bank of China (Hong Kong) Ltd.

Mr. Wang has been deeply involved in the onshore and offshore RMB bond market development. He led the arrangement of a number of benchmark deals, such as the issuance of the first RMB Corporate Commercial Paper in the Mainland inter-bank market and the first RMB treasury bond in Hong Kong, as well as the first offshore RMB bond issued respectively by a corporate and a supranational. Mr Wang also managed the fixed income portfolio of over USD 78 Billion for client and RMB 430 Billion for Bank of China.

Marek Šesták

Risk manager

Czech National Bank

Marek Šesták is deputy director of risk management division of the Czech National Bank, with over 22 years of experience in reserves management. In his current position, he is primarily responsible for financial risk management of the bank’s foreign exchange reserves. Prior to joining the CNB’s risk management team in 2019, Mr. Šesták was responsible for portfolio management of the CNB‘s fixed income reserves portfolios.

He holds a Master Degree in Computer Science from the Charles University in Prague. CFA charterholder.

Miranda Tam

Head of regional treasury and deputy head of the regional office

BIS

Miranda Tam is the Deputy Chief Representative and Head of Regional Treasury and Asset Management at the Representative Office for Asia and the Pacific of the Bank for International Settlements (BIS). She assists the Chief Representative in the management of the Office and oversees the BIS Banking Department’s financial activities in the Asia Pacific Regional Dealing Room. Her main responsibilities are to support and develop banking relationships with central banks and commercial banks in the region. Ms Tam joined the BIS in 2000 when the BIS set up its Regional Dealing Room in the Hong Kong SAR.
Before joining the BIS, Miranda Tam had been Head of Treasury Sales with several major European banks with many years of trading and marketing experience in foreign exchange, options, derivatives and debt capital markets in Hong Kong and Toronto.
Miranda Tam

Jimmy Sun

General manager, institutional business department

Bank of China Hong Kong

Mr. Sun has over 37 years of experience in the banking industry. Prior to his current role in charge of the bank’s institutional business, he was the Deputy General Manager of the bank’s Global Corporate Banking Department, and had been the General Manager of Corporate Banking Department, Nanyang Commercial Bank (China) Limited. He has extensive experience in cross-border merger and acquisition loans, international syndicated loans, trade finance and overseas loans.

Mr. Sun obtained a Master’s Degree in Business Administration and is an Associate of the Chartered Institute of Bankers.

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.

10:3011:00

Presentation: central bank capital policy - where does reserve management fit in?

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 can capital policy be aligned with reserve management investing through the monetary policy cycle?
Dirk Broeders

Senior risk manager – financial markets division

The Netherlands Bank

11:0011:30

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

11:00 - 12:15

11:3012:00

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

11:30 - 12:00

  • How does the 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.

12:1513:00

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

11:00 - 12:15

13:0013:45

Roundtable discussion: gender diversity within reserve management
Session will be interactive via zoom

13:00 - 13:45

  • Why are there more senior women within reserve management roles?
  • Is there a difference between a woman’s risk profile in comparison to a man’s?
  • Does that make them better suited to reserve/risk management roles?
  • Is there a broader psychological element?
Maria Ramona Gertrudes T. Santiago

Bangko Sentral ng Pilipinas

Senior assistant governor of the financial market operations sub-sector

MARIA RAMONA GERTRUDES T. SANTIAGO is the Senior Assistant Governor of the Financial Market Operations Sub-Sector (FMOSS) of the Bangko Sentral ng Pilipinas (BSP). As head of FMOSS (formerly the Treasury Department) she oversees and provides direction over two vital functions of the Bank: managing the country’s international reserves and ensuring that the BSP effectively carries out its mandate of promoting price stability through effective conduct of domestic market operations. 

Within the BSP, she is a member of numerous committees, the most notable of which are the Advisory Committee and the Investment Management Committee. She is also a member of the Executives’ Meeting of the East Asia and the Pacific Central Banks (EMEAP) Working Group on Financial Markets, and the Supervisory Committee of the ABF Pan Asia Bond Index Fund, among others.  

Amid the recent wave of financial crises in the U.S. and Europe and the challenging investment environment, she spearheaded major changes in the governance structure and framework for managing the international reserves.  Under her stewardship, reserves were managed in a prudent manner, adhering to sound risk management practices, in order to ensure the preservation of capital over the long term.

Nathalie Aufauvre

Director general for financial stability and operations

Bank of France

Nathalie Aufauvre has been the Director General for Financial Stability and Operations – Banque de France – since October 2017 and is a member of the Committee on the Global Financial System (CGFS) and of the FSB Standing Committee on the Assessment of Vulnerabilities (SCAV). Member of the steering committee of the Central Banks and Supervisors Network for Greening the Financial System (NGFS) since 2017, Nathalie also chairs the recently launched Banque de France Climate Change Centre.

She joined the Banque de France in 1984 where she held the positions of foreign exchange trader, reserve manager and then Head of Capital markets. In 2006, she was appointed Chief financial officer (CFO) and then Deputy Secretary General for Strategy in 2011 before becoming Secretary General of the Banque de France in 2012.

Melita Nikodinovska

Head of governor cabinet

National Bank of the Republic of North Macedonia

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.

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

 

14:1515:00

Roundtable discussion: integrating climate risk in to central bank portfolios
Session will be interactive over zoom

14:15 - 15:00

  • What are central banks’ positions on ESG in fixed income vs equities?
  • What are the different approaches to uses of ESG screens within the portfolio?
  • How do screens impact a central bank’s portfolio?
  • What are the challenges for a central bank in ensuring ESG integration does not impact its mandate?
Arnab Das

Global market strategist & global thought leadership member

Invesco

Arnab Das is Global Market Strategist in the EMEA region, based in London, and a member of Invesco’s Global Thought Leadership team. He helps develop and communicate analysis and insight on the global economy and financial markets across asset classes for clients, media, governments and central banks. He works with Invesco’s investment teams across disciplines and regions and is a member of Invesco’s Global Investor Forum Advisory Council with a focus on global macro and emerging markets. Arnab’s research interests span economic policy, performance and reform; and economic and financial history.

Arnab joined Invesco in 2015 as Head of EM macro research for Invesco Fixed Income. He began his career in finance in 1992, and has served as Co-head of Economic Research & Strategy at Roubini Global Economics; Co-head of Global Economics & Strategy, Head of Global FX Research, and Head of EM Economics & Strategy at Dresdner Kleinwort; and Head of EEMEA Research at JP Morgan. He has also been a private consultant in global and emerging markets, as well as consulting with Trusted Sources, a specialist EM research boutique.

Arnab’s studies were in macroeconomics, economic history and international political economy. He received an AB from Princeton University in 1986 and completed his postgraduate and doctoral work at the London School of Economics in 1987-1992.

Mariela Vargova

Invesco

Senior ESG analyst

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. 

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.

15:3016:00

Closing keynote address: the role of international reserves and the development of a liquid FX-market

15:30 - 16:00

  • International reserves – strengthening buffers and the lines of defense against global shocks
  • How can central banks attain a well-functioning, deep and liquid FX-market as a critical shock absorber?
  • Emerging markets’ challenges in light of the COVID-19 pandemic: staying on course under turbulence
  • Complementary tools to face adverse shocks
Alejandro Díaz de León

Governor

Bank of Mexico

Alejandro Díaz de León-Carrillo is an economist, he began his career at Banco de México in 1991, where he held different positions, including Macroeconomic Analysis director, and Economic Studies director.

In October 2007 he was appointed general director of the National Pension Fund of State Workers, then he was appointed the head of the Debt Management Office at Mexico’s Ministry of Finance from January 2011 to November 2015, where he was in charge of the government’s internal and external financing and the oil hedging strategy. He was later appointed general director of Mexico’s Export-Import Bank (BANCOMEXT).

After being nominated by Mexico’s President and confirmed by the Senate, in January 1st 2017 he became part of Banco de México’s governing board as deputy governor.

He was appointed by Mexico’s President to serve as governor of Banco de México from December 1, 2017 to December 31, 2021.

Innovation in the fintech landscape and the regulation of fintech and regtech

08:0009:30

FinTech & RegTech Awards 2021

08:00 - 08:30

Chair welcome remarks

08:55 - 09:00

Elisabeth Noble

Senior policy expert

European Banking Authority

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

Keynote presentation: big data and monetary policy

09:00 - 09:30

  • 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?

 

Kwame Oppong

Head of fintech and innovation

Bank of Ghana

Kwame Oppong is the Head of Fintech and Innovation at Bank of Ghana.

His background spans Technology, Digital Financial Services (DFS), Public Policy, and Regulation. He has consulted for several governments, public sector institutions, international development organizations and private corporations globally.

Prior to joining the Bank, Kwame worked with CGAP (World Bank Group), Millicom, HP (now HP EB) and other organizations in the banking, housing finance and health insurance industries.

He is a passionate advocate for financial inclusion, innovation, and the development of digital economies.

10:1010:45

Panel discussion: effective data collection and analysis via regulatory data management

10:00 - 10:45

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  • How can central banks design and manage regulatory data collections in the digital era?
  • What is the roadmap for central banks to become effective data sharers?
  • How can central banks ensure effective analysis of the data that is collected?

 

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.

Ryan Flood

CTO

Vizor Software

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

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

Douglas Arner

Kerry holdings professor in law

University of Hong Kong

Douglas W. Arner is the Kerry Holdings Professor in Law and Director and co-founder of the Asian Institute of International Financial Law at the University of Hong Kong, as well as Associate Dean (Taught Postgraduate & Development) and Faculty Director and co-founder of the LLM in Compliance and Regulation, LLM in Corporate and Financial Law, and Law, Innovation, Technology and Entrepreneurship (LITE) Programmes. In 2020 he was awarded an inaugural Hong Kong Research Grants Council Senior Fellowship to study the role of digital finance in financial inclusion and the UN Sustainable Development Goals. Douglas has published eighteen books and more than 200 articles, chapters and reports on international financial law and regulation, including most recently Reconceptualising Global Finance and its Regulation (Cambridge 2016) (with Ross Buckley and Emilios Avgouleas) and The RegTech Book (Wiley 2019 (Janos Barberis and Ross Buckley). His recent papers are available on SSRN at https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=524849 , where he is among the top 60 authors in the world by total downloads. Douglas led the development of Introduction to FinTech – launched with edX in May 2018 and now with over 80,000 learners spanning almost every country in the world – and the foundation of the edx-HKU Online Professional Certificate in FinTech. In addition, he is Associate Director of the Standard Chartered Foundation-HKU FinTech Academy, a Senior Visiting Fellow of Melbourne Law School of the University of Melbourne, a non-executive director of NASDAQ and Euronext listed Aptorum Group, an Advisory Board Member of the Centre for Finance, Technology and Entrepreneurship (CFTE), and co-founder and an executive board member of the Asia Pacific Structured Finance Association. Douglas was an inaugural member of the Hong Kong Financial Services Development Council (2013-2019) and Director of the Duke-HKU Asia America Institute in Transnational Law (2005-2016) and has served as a consultant with, among others, the World Bank, Asian Development Bank, UN, APEC, Alliance for Financial Inclusion, and European Bank for Reconstruction and Development. He has lectured, co-organised conferences and seminars and been involved with financial sector reform projects around the world. Douglas has been a visiting professor or fellow at Duke, Harvard, the Hong Kong Institute for Monetary Research, IDC Herzliya, McGill, Melbourne, National University of Singapore, University of New South Wales, Shanghai University of Finance and Economics, and Zurich, among others.

Per Nymand-Andersen

Adviser

European Central Bank

Per Nymand-Andersen is an adviser to Senior Management in Directorate General Statistics at the European Central Bank (ECB). He has developed his expertise in financial markets, securities settlement systems, statistics, big data and communication. Mr Nymand-Andersen is the key editor of the ECB’s Statistics Working Paper Series and a lecturer at the Goethe University in Frankfurt am Main in Central Banking Policy and Transparency. He has an MBA in Economics and Management Science from Copenhagen Business School, Denmark. Prior to joining the ECB, Mr Nymand-Andersen provided market research consultancy services for Eurostat, Luxembourg. He is author of several articles and publications regarding financial markets, statistics and communication.

Jermy Prenio

Senior Advisor, Financial Stability Institute

Bank for International Settlements

Jermy Prenio joined the Financial Stability Institute (FSI), Bank for International Settlements in 2016. He is involved in managing the FSI’s outreach programme for banking supervision, contributes to the FSI’s published work mainly through FSI Insights on policy implementation, and manages the FSI Connect content of online policy-related materials for banking supervisors.  He represents the FSI in the BCBS Operational Resilience Group and Task Force on Financial Technology. 

Prior to joining the FSI, he was Deputy Director for Regulatory Affairs at the Institute of International Finance (IIF) in Washington, DC. At the IIF, his main role involved leading the formulation of global industry views on regulatory issues coming out of international standard-setting organizations, such as the BCBS and FSB. This included chairing industry working groups made up of representatives from the largest banks around the world, leading these groups in meetings with aforementioned organisations, and working to achieve membership consensus on various international regulatory issues.  

Jermy also worked as a regulator in the Philippines where he served as, among others, Head of the Task Force on the Implementation of Basel II and representative in policy-oriented international meetings. He was seconded as a Technical Adviser to the FSI in 2005, where he focused on Basel II-related topics and the impact of credit risk transfer activities on financial markets.

Elisabeth Noble

Senior policy expert

European Banking Authority

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

11:0011:45

Discussing EDI: roundtable discussion - does fintech facilitate financial inclusion?

11:00 - 11:45

  • 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?
Mahesh Uttamchandani

Practice Manager – Financial Inclusion, Infrastructure & Access

The World Bank Group

Clarissa Kudowor

Assistant director, payments system deptartment

Bank of Ghana

Clarissa Kudowor is an Assistant Director at the central bank, Bank of Ghana with over 28 years in central banking. She is a trained regulator. She started her career in Banking Supervision and her responsibilities included off-site examinations, onsite-examinations and licensing of banks and non-banking institutions. She also reviewed applications for new financial products and services from financial service providers.

She joined the Banking Department in 2008 and worked in the Payment Systems Office which later became a fully-fledged department with responsibilities for the oversight of the payment system.

Clarissa headed the Financial Inclusion & Consumer Empowerment Office, and now heads the Authorisations and Innovations Office in the Payment Systems Department. She was a member of the National Financial Inclusion Development Strategy Task Force.

Clarissa is a fellow of the Fletcher Leadership School for Financial Inclusion (2017). She has served as the co-chair and chairman of the Digital Financial Services Working Group (DFSWG) of the Alliance for Financial Inclusion; and is currently the Gender Focal Point for the DFSWG. She has led a couple of sub-groups within the DFSWG to develop policy framework and guidance notes on Interoperability, Cross Border Remittances and Lessons on enhancing women’s financial inclusion using DFS among others. She is also associated with other gender related organisations pushing the reduction of the financial inclusion gender gap.

Clarissa has also participated in other related international panel discussions on savings groups, data protection, delivered presentations on topical issues related to payments and financial inclusion locally and internationally; assisted in drafting regulations, guidelines, rules and operational guidelines for various payment streams in my country.

Ghiyaz Mohammad

Senior policy manager

Alliance for Financial Inclusion

Elisabeth Noble

Senior policy expert

European Banking Authority

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

12:0012:30

Presentation: RegOps - can regulators deal with regulatory change in the same way as Tesla reconfigures the cars?

15:15 - 16:00

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  • What are the regulatory changes OTA (Over-The-Air) with RegOps
  • What are the supervisory efficiencies from data pull on regulatory digital twin?
  • How is suptech advancing?
Maciej Piechocki

Chief revenue officer

BearingPoint

Maciej Piechocki, as the Chief Revenue Officer, is responsible for Sales, Sales Operations, Account Management, Alliance Management, as well as Marketing & Communications and is driving the international market development for BearingPoint RegTech’s solutions. He has been specializing in the areas of technology and regulation, particularly in the financial services sector, and has been working with banks, insurance companies, central banks, and federal authorities across the globe.

Daniel Muench

Business advisor emerging technologies

BearingPoint RegTech

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

12:4513:30

Panel discussion: unlocking the potential of cloud for central banks

12:45 - 13:30

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  • What are the main uses and benefits of cloud?
  • How can central banks manage security and private issues – are there middle grounds?
  • What are the governance changes they need to adopt to move to the 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.

Herve de Laforcade

Global head of marketing

Calypso Technology

Hervé de Laforcade joined Calypso in 2014. Since 2018 he is global head of Marketing, based in Paris. Prior to Calypso Herve served as Strategic Solution Director and Chief Operating Officer of Decalog Business Unit at Sungard Financial System (now part of FIS). Prior to Sungard, Hervé was heading Reuters (Effix) Buy-Side business unit after the acquisition of Diagram company. Hervé started his career in the 1990’s and run multiple leadership positions in the financial software business where he gained extensive knowledge of the buy-side and central banking market.

Hervé graduated from HEC Executive MBA.

Marsorry Ickua

Director, IT

Central Bank of Namibia

Mr Ickua has a Masters degree in Information Systems Management (MSc: ISM) from the University of Liverpool, United Kingdom (2011). Other qualifications include a Diploma in Business Computing from Varsity College (1997) and a Diploma in PC Support from Boston City Campus (2000), both in Cape Town, South Africa. Short programmes include the Management Development Program (MDP) and Advanced Project Management through the University of Stellenbosch, South Africa. In 2009, Marsorry underwent the prestigious International Executive Development Program (IEDP) through WITS Business School, South Africa (2009) in partnership with the London Business School (UK), Beijing and Shanghai (China).

Mr Ickua has a distinct passion for innovation and technology; he provides vibrant leadership to the IT function. His career began in a Technical IT role at the Agricultural Bank of Namibia in March 2002, before moving to the Bank of Namibia in January 2003. Shortly after appointment, he moved up the ranks before becoming the Deputy Director: Technical & Network Services in February, 2006. Two years later, he was appointed Director of Information Technology in June, 2008. Under his leadership, various successful projects have shaped the way the Bank does central banking business, from an operational and at a national level. Through his capable team, these include virtualization and server consolidation for cost efficiency, Enterprise Resource Planning (ERP) projects, modernising the National Payment System (NISS), automating local and Government payment mechanisms through Electronic Funds Transfer (EFT) to mention but a few.

Externally, he serves on the Curriculum Advisory Board of the Namibia University of Science and Technology and on the ICT Sub-Committee of the Committee of Central Bank Governors (CCBG) within the SADC region – a regional body consisting of the Directors of IT from Central Banks with the aim of realizing regional integration objectives within SADC.

Elisabeth Noble

Senior policy expert

European Banking Authority

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

14:0014:45

Panel discussion: suptech technologies – how are they advancing?

14:00 - 14:45

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

VP, head of marketplace regulatory technology

Nasdaq

Tony Sio is the Head of Marketplace Regulatory Technology at Nasdaq. Tony and his team are responsible for the Nasdaq Market Surveillance solution which is used by over 50 marketplaces and 18 regulators globally. His team uses the latest in technology to provide surveillance and regulatory solutions for all tradeable products in the world’s largest markets.

Tony brings over 15 years’ experience implementing or advising upon financial technology and surveillance practices at exchanges and regulators across USA, Europe, Middle East, Asia-Pacific, and Africa. Tony has run teams performing major technology changes at over a dozen marketplaces as well as lecturing and advisory roles on the topics of regulatory practices and financial technology.

Joy Wann

Advisor

BIS Innovation Hub

Joy Wann is an Advisor for the BIS Innovation Hub Centre in Singapore. 

Prior to joining the BIS Innovation Hub, she was a Member of the Secretariat for the Basel Committee on Banking Supervision (BCBS) from 2015 to 2020. In her role at the BCBS, she was primarily responsible for the Committee’s standing group on supervision. She also represented the BCBS at various international payments and fintech related committees and working groups including the Financial Stability Board (FSB), the Committee on Payments and Infrastructure (CPMI) and the Financial Stability Institute (FSI). Before joining the BIS, Joy worked in the Financial Stability Department at the Reserve Bank of Australia (RBA), the Policy Development Department at the Australian Prudential Regulation Authority (APRA) and in the Risk Management Division at the Macquarie Group.  

Joy holds a PhD in international political economy from the London School of Economics and Political Science. She also holds a Masters in International Law and a BA Honours I (Government and International Relations), both from the University of Sydney. 

Dirk Broeders

Senior risk manager – financial markets division

The Netherlands Bank

Lukasz Kubicki

Head of the supervision technology section

European Central Bank

Lukasz Kubicki is the Head of the Supervision Technology Section at the European Central Bank. His team is responsible for driving the implementation of cutting-edge technologies across the ECB Banking Supervision. Lukasz joined the SSM in 2015 and since then he has led a number of SSM-wide projects and initiatives. Before, he has also worked in McKinsey&Co managing engagements in the area of strategy and digitalisation in the banking sector.

Alejandro Garcia

Senior policy advisor financial innovation and regulation

Bank of Canada

Mr. Garcia has been working on a wide range of financial system issues for the past 18 years. Mr. Garcia has been a Policy Advisor for the Financial Stability, and for the Funds Management and Banking Departments at the Bank of Canada. Prior to this, he was a Director of Emerging Risks and Data Analytics at Canada Deposit Insurance Corporation (CDIC), a Senior Advisor on stress testing for the Office of the Superintendent of Financial Institutions Canada (OSFI), and a consultant on stress testing for the International Monetary Fund (IMF). Earlier in his career Mr. Garcia was a Senior Economist in the Financial Markets Department, Financial Risk Office, and the Monetary and Financial Analysis Department (all) at the Bank of Canada.

Mr. Garcia is responsible to coordinate, participate in, and oversee the Financial Stability Department’s research and policy contributions on the impact of Fintech on financial institutions, payments and clearing and settlement systems, and more broadly financial system issues.

Mr. Garcia holds a MSc. in Risk from the Stern School of Business at New York University, an MA in Economics from Carleton University.

Elisabeth Noble

Senior policy expert

European Banking Authority

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

15:1516:00

Presentation: implementation and enhancement of investment and treasury management systems

15:15 - 16:00

  • What are challenges of legacy systems?
  • What does the current market look like with new technologies, new asset classes and changing reporting requirements?
  • How can central banks enhance their existing solutions to improve operational efficiency and comply with new requirements?

 

Roman Scheller

VP – back office, acccounting and treasury

KWA Analytics

Roman is KWA’s VP for Back Office, Accounting and Treasury with over 20 years of working experience in Financial Markets. He joined KWA Analytics from Ernst & Young where he worked as Senior Manager, Investment and Treasury Solutions within the Financial Accounting Advisory Services practice. In his role Roman is responsible to assist Treasurers, Investment and Accounting Officers with strategy development, operations and technology improvements. Prior to EY, Roman spent over 8 years at OpenLink Financial as Principal Consultant, Back Office and Accounting Solutions. He served as subject matter expert for Back Office, Accounting and Treasury related modules. Roman was responsible for supporting Back Office, Accounting and Treasury implementations for Central Banks worldwide by providing guidance on requirement analysis, solution design and implementation of best practice solutions.

08:0008:30

Fintech Day 2
Fintech

09:30 - 15:30

08:0008:30

Chair opening remarks and presentation: the great disconnect, a hot mess, and the data revolution

08:00 - 08:30

  • How should central banks address the disconnect in the digital era?
  • How can central banks mange the challenges of unstructured/ semi-structured data?
  • What are the benefits of standardized data and how can it be achieved?

 

Howard Chang

Vice President of Global Affairs

TCSA

Santiago Cortes

General Manager of Global Affairs

TCSA

Prior to joining the TCSA team, Santiago founded a private consultancy specializing in government tenders for public advertising campaigns.

Throughout his career, Santiago also lived and worked in Brazil, Colombia and Guatemala, where he has advised local and national governments on digital and media strategies.

Clair Mills

PRA chief operating officer

Bank of England

Clair Mills is currently the Chief Operating Officer for the Prudential Regulation Authority (PRA), within the Bank of England. Clair is responsible for PRA operations, this includes delivery of the PRA’s Operating Strategy, Budget, Internal Communications and Investment Portfolio. Other areas of responsibility include managing Data Innovation, Strategic Business Systems and the PRA’s preparation for Brexit across the organisation.

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 to transition to the PRA and FCA regulatory model, moving across to the Bank of England with the PRA.

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 are in place, Clair is also responsible for driving a demand led data approach for the PRA, this includes giving key note speeches both in the UK and internationally on topics such as Regulatory Technology (RegTech) and how regulators can take advantage of the advances in technology in the work we do.

Keeping up with advances in data techniques and technologies provides Clair with quite a challenge as well as an exciting field in which to work.

Clair’s home is a working farm in rural Devon, which she shares with her husband and son. Her passion since childhood is horses, together with helping out on the farm, this provides great way to recharge batteries and a very different challenge.

08:5509:30

Presentation: how can central banks support innovation?
Presentation: how central banks can support innovation in fintech

09:30 - 10:00

  • How is innovation impacting the financial system?
  • How can central banks help to enable a smart data economy?
  • What can authorities do to support the safe adoption of AI in financial services?
Varun Paul

Head of fintech hub

Bank of England

Varun Paul is Head of the Fintech Hub at the Bank of England, leading on the Digital Economy including Open Data, Digital ID and Artificial Intelligence. He has a Masters in Economics and joined the Bank in 2008. Through the financial crisis, his analysis helped guide the Monetary Policy Committee’s decisions on interest rates. He then supported the Financial Policy Committee in their goal to maintain financial stability, leading on the Bank’s risk assessment of Fintech developments and crypto assets. And most recently, he delivered a review on the Future of Finance, looking at what the Bank could do to enable a financial system in the future, which continues to be both innovative and resilient.

10:3011:00

Presentation: increasing cyber resilience at Central Bank of Egypt

10:30 - 11:15

  • How did the Central Bank of Egypt take initial pre-cautionary measures against Covid-19 and the cyber security threat?
  • What procedures were put in place for the banking sector?
  • How has fintech increased cyber security challenges and how can central banks protect against cyber attacks?
Hatem Ibrahim

Sub governor - chief risk officer, information security

Central Bank of Egypt

Has over than 35 years of experience in the banking sector, during which he has held many executive and leadership positions in addition to the various wide-ranging knowledge in multiple fields such as Banking Operations, Risk Management, applying the Egyptian& International Accounting Standards, Financial Analysis, preparing for GDR financial data, Internal Audit and projects management.

He joined MiBANK in 1985 as junior Accountant in Financial Sector, escalated in different fields such as branches operations, Internal Audit, project Management. Then he was nominated as IT Core Banking Project Manager and finally became Operational as well as Market Risks Manager.

Had a major role in all phases of the restructuring of MiBANK under the supervision of Lloyds TSB Bank-UK

Received many certificates from Lloyds TSB Bank–UK for the active participation in the implementation of many restructurings and developing projects (Risk, Internal Audit, Banking Operations, strategies and Project Management). In addition, he was awarded a certificate from Concord Financial Advisors for his effective contribution in preparing the financial data presented to register GDRs on London Stock Exchange.

Joined Audi Bank as General Manager-Operational& Retail Banking Risk and IT Systems Development Project Manager. He contributed in the initial teamwork leading to success of the possession of Audi Bank - Lebanon on Cairo Far East Bank to become one of the top ten banks in Egypt.

11:3012:15

Panel discussion: leveraging methodologies for increased automation, transparency and flexibility in central banks complex systems

11:30 - 12:15

  • What are the drivers for central banks to improve their systems environments?
  • How can central banks make full use of their current systems?
  • What are the benefits of upgrading systems and adopting business changes?
  • How can central banks best test and optimise their reporting techniques?

 

Kjartan Hansson

Economist

Central Bank of Iceland

I started working for Central Bank of Iceland in 2014 as an economist for Government Debt Management.

From 2016 to 2018, I was part of a team responsible of implementing Wallstreet Suite as the new treasury system risk management for the bank.

Since 2019 I have been working as a business analyst for CB of Iceland. Were I implement functional improvements and changes to CB of Iceland business processes that involve WSS and related systems.

Central Bank of Iceland has worked with SkySparc since 2018 and signed a multi-year partnership contract in the beginning of this year.

Souhaila Ben Bouker

Dutch National Bank

Senior business analyst

My name is Souhaila Ben Bouker, and I am a Business Analyst at the Financial Markets Department of DNB. Before joining DNB I worked at an asset manager for 11 years.

At both companies I have worked with the WSS treasury system and have participated in a total of 3 major upgrades.

At DNB I am currently leading de Data & Reporting project and our current priority is delivering a new FM Data warehouse.

Marcus Gullers

Head of product management

Skysparc

Marcus serves as Head of Product Management at SkySparc where he is responsible for OmniFi, SkySparc’s SaaS solution for reporting, business process, and test automation. Since he joined SkySparc in 2011 he has worked and implemented OmniFi at ten central bank organizations in Europe and the Middle East, helping them streamline and automate their operations.

Marcus holds a master’s degree in Industrial Engineering and Management from Linköping University.

Lars Schröder

Senior engagement manager

Skysparc

As senior engagement manager, Lars Schröder is responsible for building long-term relationships and oversee high levels of service delivery to SkySparc’s central banking and public sector clients. For more than a decade, Lars has combined a singular customer focus with industry and technical expertise to ensure SkySparc meets the quality and cost expectations of central banking clients, both on complex strategic projects and ongoing support and maintenance engagements. Through his 15 years' experience of Wallstreet Suite, Lars has developed extensive knowledge of all its modules as well as related technologies. After obtaining a BSc in software engineering and a MSc in computer/ information sciences in his native Germany, Lars previously worked as a consultant at a management consulting firm in Frankfurt.

Clair Mills

PRA chief operating officer

Bank of England

Clair Mills is currently the Chief Operating Officer for the Prudential Regulation Authority (PRA), within the Bank of England. Clair is responsible for PRA operations, this includes delivery of the PRA’s Operating Strategy, Budget, Internal Communications and Investment Portfolio. Other areas of responsibility include managing Data Innovation, Strategic Business Systems and the PRA’s preparation for Brexit across the organisation.

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 to transition to the PRA and FCA regulatory model, moving across to the Bank of England with the PRA.

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 are in place, Clair is also responsible for driving a demand led data approach for the PRA, this includes giving key note speeches both in the UK and internationally on topics such as Regulatory Technology (RegTech) and how regulators can take advantage of the advances in technology in the work we do.

Keeping up with advances in data techniques and technologies provides Clair with quite a challenge as well as an exciting field in which to work.

Clair’s home is a working farm in rural Devon, which she shares with her husband and son. Her passion since childhood is horses, together with helping out on the farm, this provides great way to recharge batteries and a very different challenge.

12:4513:30

Fireside chat: 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.

Eric Santor

Bank of Canada

Advisor to the governor

Clair Mills

PRA chief operating officer

Bank of England

Clair Mills is currently the Chief Operating Officer for the Prudential Regulation Authority (PRA), within the Bank of England. Clair is responsible for PRA operations, this includes delivery of the PRA’s Operating Strategy, Budget, Internal Communications and Investment Portfolio. Other areas of responsibility include managing Data Innovation, Strategic Business Systems and the PRA’s preparation for Brexit across the organisation.

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 to transition to the PRA and FCA regulatory model, moving across to the Bank of England with the PRA.

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 are in place, Clair is also responsible for driving a demand led data approach for the PRA, this includes giving key note speeches both in the UK and internationally on topics such as Regulatory Technology (RegTech) and how regulators can take advantage of the advances in technology in the work we do.

Keeping up with advances in data techniques and technologies provides Clair with quite a challenge as well as an exciting field in which to work.

Clair’s home is a working farm in rural Devon, which she shares with her husband and son. Her passion since childhood is horses, together with helping out on the farm, this provides great way to recharge batteries and a very different challenge.

14:0014:45

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

Oliver Wuensch

Partner

Oliver Wyman

Oliver Wuensch is a Partner in Financial Services and Public Policy practices based in Zurich, and co-leads our global work with central banks at Oliver Wyman’ Systemic Policy Partnership.  For more than 20 years, he has worked at and with governments, central banks, supervisors, supranational institutions and private-sector firms, advising on various aspects of sovereign finance including asset and debt management, macro-economic, monetary and debt policy, financial stability, risk management, financial integrity, stabilization and restructuring of systemic banks, and distressed asset resolution.

Before joining Oliver Wyman, he held senior roles at the International Monetary Fund’s Monetary and Capital Markets Department, representing the IMF in sovereign crisis management and lending programmes in the Eurozone.

Oliver holds a Master’s degree in Economics and Computer Science, and a PhD in Economics from University of Zurich.

Haroldo Jayme Martins Froes Cruz

CIO and member of steering committee of regulatory sandbox

Central Bank of Brazil

Holding a College degree in Mathematics, and two MBAs in Systems Analyses I have been working for the Information Technology Department of the Central Bank of Brazil since 1993, becoming the Head of the Information Technology Department in April 2019. But for me it´s ok if you only display that I work at Central Bank of Brazil for 29 years and that I am the Head of the Information Technology Department since April 2019.

Elisabeth Noble

Senior policy expert

European Banking Authority

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

15:0015:30

Special announcement
Tune in on the conference platform to listen to a special announcement

15:00 - 15:30

Latest developments in payments, CBDCs and banknote technology

09:2509:30

Chair welcome remarks

08:55 - 09:00

Marius Jurgilas

Board member

Bank of Lithuania

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

09:3010:00

Keynote presentation: lessons learnt from the m-CBDC project

09:30 - 10:00

  • What is the aim of the m-CBDC project?
  • How can DLT enhance the financial infrastructure for cross border payments?
  • What is the feasibility of the m-CBDC Bridge project for cross-border fund transfers, international trade settlement and capital market transactions?
 
Vachira Arromdee

Assistant governor - financial markets operations group

Bank of Thailand

10:0010:30

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

11:00 - 12:15

10:3011:15

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 could a CBDC increase cross-border payments and enhance financial inclusion?
  • What are the considerations for security and existing payment systems?
 

 

Christina Wejshammar

Head of payments department

Riksbank

Lajos Bartha

Director

Central Bank of Hungary

Lajos Bartha is currently Executive Director for Financial Infrastructures and Banking operations in the Magyar Nemzeti Bank (the central bank of Hungary) where previously he led the Directorate Financial Infrastructures between 2007 and 2017. The executive directorate is responsible for regulation and supervision of payment services, oversight of clearing and settlement systems, and operation of the Bank’s back office including its RTGS system. It plays an active role in the development of the Hungarian payment and securities clearing and settlement infrastructures. In the last 10 years he was responsible for the introduction of the intraday clearing system in 2012, the onboarding of the HUF in the CLS settlement in 2015 and the introduction of the instant payment system in 2020. He is the member of the ESCB’s Market Infrastructures and Payments Committee, member of the CLS Oversight Committee, Board member of the Hungarian Mint Ltd (Magyar Pénzverő Zrt) and member of the supervisory boards of the Hungarian Stock Exchange (BÉT Zrt) and of the Hungarian Automated Clearing house (GIRO Zrt). He has been working for Magyar Nemzeti Bank since 1998 and has held different positions in the financial infrastructures directorate. Before joining Magyar Nemzeti Bank, he worked for Arthur Andersen, the Hungarian State Holding Company, a commercial bank and in DG Payments Systems in the European Central Bank.  He received his master’s degree in economics from the Budapest University of Economics in 1992.

Craig Ramsey

Head of real time payments

ACI Worldwide

Craig has over 30 years' experience working with banks with their corporate payments and banking needs. He has been with ACI for over 20 years, providing specialist consulting and solutions to wholesale banking customers. Through the initiatives of the Euro, SWIFTNet, CLS, TARGET2, SEPA, and being a member of the Faster Payments Council Advisory Board in the US, Craig has helped customers leverage the power of the ACI solutions to ensure that the business needs are met.

Ouk Sarat

Director of payment systems

National Bank of Cambodia

Mr. OUK SARAT, currently serves as Director of Payment System Department, National Bank of Cambodia. His main responsibilities in the area of payment involves with formulating policy and strategy, strengthening regulatory and oversight framework, and enhancing cooperation among all stakeholders. Mr. OUK also engages in several financial sector initiatives i.e. financial sector development strategy, financial inclusion, financial stability, and financial integration. Before
moving to Payment System Department, he spent his carrier as a bank supervisor. He joined the central bank in 2002. Mr. OUK graduated from the Australian National University, major in International and Economics Development.

11:3012:00

Reserve Bank of New Zealand – Payments Modernisation

12:30 - 13:00

  • What are the current criticality and future opportunities associated with electronic payments?
  • How has RBNZ repositioned its’ payments function and invested in technology?
  • What are the current learnings and opportunities from the recent payments journey?
Steve Gordon

Head of payment services department

Reserve Bank of New Zealand

Steve Gordon heads the new Payment Services Department, which is responsible for the leadership of the commercially-focused New Zealand Central Securities Depository Limited as well as New Zealand’s Exchange Settlement Account System which allows individual transactions between financial institutions to be settled electronically. Prior to this, he led the currency function for the Reserve Bank overseeing transformative, future-focussed currency projects, and before this he led the Enterprise Risk Management, Internal Audit and Legal Counsel functions.

Te Pūtea Matua – the Reserve Bank of New Zealand received both national and international awards for Enterprise Risk Management as part of the risk transformation he oversaw at the Bank. Steve has previously served in commercial banking roles at Bank of New Zealand (BNZ) and was both Head of Audit and Head of Risk for Business Support at BNZ. He has a Bachelor of Commerce and Administration from Victoria University and is a Chartered Accountant.

12:0012:30

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

12:00 - 12:45

  • Background to the Fed and MIT CBDC project
  • 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 - CBDC unit

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.

Simon Chantry

Co-founder, CIO, CBDO

Bitt

Marius Jurgilas

Board member

Bank of Lithuania

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

13:4514:15

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

11:00 - 12:15

15:3016:15

Panel discussion: latest developments in banknote technology

15:30 - 16:15

  • How can central banks measure their 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.

Marius Jurgilas

Board member

Bank of Lithuania

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

16:1516:30

Closing remarks for the Central Banking Summer Meetings

16:15 - 16:30