Programme
Programme
Programme
The Evolving Landscape of Payments and Settlements
09:00 – 09:30
Registration and Coffee
09:00 - 09:30
09:00 – 11:00
Impact of FinTech and Disruptive Innovation
09:30 - 11:00
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Drivers and building blocks of FinTech innovation
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Operational implications for FMI design and oversight
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Overview of LEI and ISO 20022
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Opportunities and risks of Target2-Securities
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Group discussion: Instant Payments as the new normal?
11:00 – 11:30
Morning Break
11:00 - 11:30
11:30 – 13:00
The Emerging World of CBDCs and Crypto Assets
11:30 - 13:00
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Applications of Blockchain and DLT in payments and settlements
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Distinctions and overlaps between crypto-assets and central bank digital currencies
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Overview of key projects and regulatory responses
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Group discussion: What problem is digital money trying to solve?
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Hands-on exercise: how to solve a crypto puzzle?
13:00 – 14:00
Lunch
13:00 - 14:00
14:00 – 15:30
Retail Payments
14:00 - 15:30
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Overview of the training course and discussion of participants’ expectations
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Key features of retail payment instruments and infrastructures
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Implications and opportunities of disruptive technological innovation
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Case study: retail payments in the euro area
15:30 – 16:00
Afternoon Break
15:30 - 16:00
16:00 – 17:00
Large Value Payments
16:00 - 17:00
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The Automated Clearing House in the 6-corner model
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Risk and benefits of RTGS and DNS systems
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Key sources of systemic risk and how to deal with them
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The trade-off between settlement risk and liquidity need: LSMs
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Herstatt Risk and its mitigation
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Hands-on exercise: Settlement Finality – what to do when a bank goes into bankruptcy?
17:00 – 17:01
End of Day 1
17:00 - 17:01
Oversight and Innovation
09:00 – 09:30
Coffee Reception
09:00 - 09:30
09:30 – 11:00
Interdependencies Workshop
09:30 - 11:00
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Participants will be divided into small groups and using case studies from previous sessions will explore practical implications of systemic interconnectedness of various payment and settlement frameworks.
11:00 – 11:30
Morning Break
11:00 - 11:30
11:30 – 13:00
Securities and Derivatives
11:30 - 13:00
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Delivery versus Payment: Securities Settlement Systems
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Evolution of Central Securities Depositories
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The Bankruptcy Question and Central Counterparties
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Case study: September 2018 Nasdaq Clearing Member Default
13:00 – 14:00
Lunch
13:00 - 14:00
14:00 – 15:30
Effective Oversight: A User’s Guide
14:00 - 15:30
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Overview of the oversight bodies and frameworks
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Roles and responsibilities of central banks
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Examples of oversight in practice
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Case study: the standard setter’s response to the Lehman crisis – PFMIs
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Mini-Workshop: Develop your own oversight framework based on a real-life oversight template
15:30 – 16:00
Afternoon Break
15:30 - 16:00
16:00 – 17:00
Course Conclusion
16:00 - 17:00
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Review of key takeaways from earlier sessions
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Overview of emerging themes, trends and opportunities
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Preparation of delegate action points
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Distribution of course materials
17:00 – 17:01
End of Course
17:00 - 17:01