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Program


KEYNOTE SPEAKERS

Benoit Coeuré
Executive Board Member of the ECB and Chairman of the CPMI
Paul Stoddart
CEO, Vocalink

OVERSIGHT

Panel Discussion: Where are the Borders of Oversight?

At the beginning of the 1990s, central banks started to “oversee” private large-value payment systems; progressively oversight covered retail payment systems, RTGS systems, securities settlement systems, payment instruments, etc. This panel discussion will focus on what is covered today by central bank oversight, the oversight of non-banks and the borderlines with other regulators’ responsibilities.

Emmanuelle Assouan
Director, Payment Systems and Market Infrastructure, Banque de France
Johan Pissens
Deputy Director, National Bank of Belgium

Additional panelists to be announced.

What Should Central Banks Do to Prevent Cyber Attacks?

Central banks are increasingly concerned with the risk of being subject to cyberattacks; they are also concerned that these could target market infrastructure that they run or oversee. The speaker will provide some hints on what central banks could do in order to limit risks.

Presenter to be announced


RETAIL PAYMENT ISSUES

Panel Discussion: Can Domestic and International Card Schemes Co-Exist?

International cards schemes offer card payment services worldwide but in some countries domestic transactions are processed by national card schemes. Several central banks are wondering whether there is a need to establish a domestic card scheme in their country.

Cédric Sarazin
Executive Vice President, Cartes Bancaires
Vladimir Komlev
CEO, MIR
Charles Ifedi
CEO, Verve International

Additional panelists to be announced.

Card Schemes - Should Interchange Fees Be Regulated?

In almost every corner of the world, merchants complain about interchange fees, or at least against their high cost. But commercial banks and card schemes argue that interchange fees are indispensable for the smooth functioning of card schemes. In this context, several central banks have decided to regulate.
Presenter to be announced.


INSTANT PAYMENTS

Panel Discussion: How to Handle Interoperability

Ideally, several faster payment schemes should co-exist in the same economic area in order to foster competition. But how to ensure interoperability?

Dave Sapenaro
First Vice-President & COO, Federal Reserve Bank of St. Louis and Payments Strategy Director for the Federal Reserve System
Mehdi Manaa
Head of the Market Infrastructure Development Division & T2S Programme Manager, European Central Bank
Gertrude Kadumbo
Project Manager; Switch General Manager & Board Secretary, National Switch Limited

Additional panelists to be announced.


CROSS-BORDER PAYMENTS IN THE 21st CENTURY

Is Correspondent Banking in Trouble?

In recent years the number of banks willing to offer correspondent banking facilities in major global currencies has shrunk. This creates a problem: 1) for central banks that issue major currencies because the risks involved in correspondent banking are concentrated in a too small number of market participants, and; 2) in many developing countries banks have increasing difficulty finding correspondents to process their cross-border payments. The presentation will elaborate on the CPMI findings.

Jochen Metzger
Director General, Payments and Settlement Systems, Deutsche Bundesbank

Regional Payments Arrangements

Regional payments arrangements used to be seen as “nice to have,” in particular by politicians who saw these infrastructures as a way to foster regional solidarity. But, as a consequence of the drying-up of correspondent banking relationships, some central banks now consider that such systems have become a necessity.
Presenter to be announced.

Panel Session: Initiatives to Facilitate Cross-Border Payments

Panelists will share their experiences with facilitating cross-border payments and offer opinions on smart
practices for the future.

Nell Campbell-Drake
Vice President, Strategic Business Relations and Outreach & International Development, Federal Reserve Bank of Atlanta

Additional panelists to be announced.

The Cross-Border Use of Collateral

Banks are subject everywhere to increasing collateral requirements. But collateral eligible to central banks and market infrastructures tend to be restricted to domestically issued securities. This situation is often problematic for foreign banks. There have been efforts in several parts of the world to develop the cross-border use of collateral.

Hiroshi Nakatake
General Manager, Transaction Banking Division, The Bank of Tokyo-Mitsubishi UFJ

CENTRAL BANKS: LOOKING TO THE FUTURE

Should Central Banks Open Accounts to Non-Banks?

To date, central banks have reserved direct access to payments infrastructure to banks. However, the increasing role of non-banks in payment systems has led some central banks to reconsider their policy.

John Jackson
Business Lead, RTGS Review, Bank of England

Panel Discussion: What Should Central Banks Do to Prepare for the Future?

In most countries, central banks play a key role in adapting the national payment system to the new possibilities offered by technological innovations. The speakers will present the approaches followed by their institutions; they will then debate on how active the central bank should be, as an operator, as a regulator or simply as a “catalyst.”

Bernard Wee
Executive Director, Monetary Authority of Singapore
Mark Gould
First Vice President, Federal Reserve of San Francisco & Chairman of the Systems Enterprise Payments Committee

Additional panelists to be announced.

Panel Session: Central Banks and Distributed Ledger Technology

Central banks are generally open to using blockchain technology, albeit in the rather distant future. However, the Bank of Japan and the European Central Bank have already launched an experiment and will inform the CBPC on their first findings.

Dirk Bullmann
Adviser, Directorate General, Market Infrastructure & Payments, European Central Bank

Additional presenters to be announced.

Panel Discussion: How Much Do Mobile Payments Contribute to Financial Inclusion?


Maimouna Gueye
Principal Payments System Expert, African Development Bank
Jorge Barrera Vivero
Payments Systems Director, Banco Central del Ecuador

Additional panelists to be announced.

Should Central Banks Issue Digital Currencies?

In some developed economies, the role of cash has diminished so much that some central banks may have to find a digital alternative. In developing countries, some central banks are considering the possibility to issue digital currencies to be used as mobile money.

Presenter to be announced.