The ECB at Sibos 2017

When, where

16 October to 19 October 2017
Toronto, Canada


Agenda

Sessions hosted by the ECB

Monday, 16 October, 09:30-10:30 – conference room 5

TARGET Services – advanced market infrastructure for Europe

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Riding the wave of integration, the European Central Bank is reshaping its market infrastructure services. Under the brand TARGET Services, it will offer new, advanced opportunities for instant payment settlement (TIPS), enhanced real-time gross settlement and centralised liquidity management. This will bring significant benefits for users across Europe. Our session will take you through the functional aspects of the new TARGET Services.

Speakers:

  • Marc Bayle de Jessé, European Central Bank
  • Mehdi Manaa, European Central Bank
  • Sylvain Debeaumont, European Central Bank

Thursday, 19 October, 10:45-11:15 – Open Theatre Session OT1

Instant payments – is the European market ready?

The launch of the SCT Inst scheme in November 2017 will lay the groundwork for the use of harmonised instant payments throughout Europe. The Eurosystem has announced a new service for processing payments in central bank money within seconds across Europe: TARGET Instant Payment Settlement (TIPS), to be launched in 2018. But is the market ready to offer instant payment solutions to customers in Europe?

We asked three representatives of the clearing industry to discuss how their business is getting ready to offer new services for the growing European instant payments market and the possible challenges they see.

Speakers:

  • Moderator: Francisco Tur Hartmann, European Central Bank
  • José Beltran, STET
  • Hays Littlejohn, EBA Group
  • Michael Steinbach, equensWorldline

ECB speakers at other Sibos sessions

Monday, 16 October, 9:30-10:30 – conference room 3

Blockchain in the cash and securities settlement space: utopia or reality?

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Cash and securities settlements are ripe for innovation. While the combined use of technology and standards has certainly increased automation, it has also led to an increase in the volume of data that needs to be exchanged and reconciled between intermediaries, which increases operational risk and inflates costs. Maybe that is why distributed ledger technology (DLT) – with its promise of a single immutable record accessible by all parties simultaneously – is advanced as the next generation technology to solve existing inefficiencies. In this session, a series of live DLT solutions will be showcased, and tested for workability, resilience, capacity, adoption and regulatory acceptability.

Speakers:

  • Moderator: Andreas Park, University of Toronto
  • Dirk Bullmann, European Central Bank
  • Tom Casteleyn, BNY Mellon
  • Andrew McCormack, Technology Payments Canada
  • Monica Singer, Independent FinTech Expert Blockchain Consultancy (Pty) Ltd
  • Alexis Francis Thompson, BBVA

Monday, 16 October, 15:30-16:30 – conference room 1

How to manage a cyber-security crisis: what market infrastructures can learn from each other?

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Financial market infrastructures (FMIs) play a crucial role in the maintenance of stability in national and international financial systems. This is why they build redundant capacity, disperse their people and facilities, and replicate data in real-time. But they are not invulnerable, and the rise of cyber-attacks has added a new dimension to a longstanding range of physical threats FMIs face. Could pooling knowledge, experience and intelligence across industries help manage crises more effectively when they occur? In this session, experts from a range of industries will share their experience of how to plan for, manage, take decision and mitigate the effects of a crisis, with a view to drawing up a list of best practices critical infrastructures can follow.

  • Moderator: Marc Bayle de Jessé, European Central Bank
  • Ali Arasteh, FireEye-Mandiant
  • Vas Rajan, CLS
  • Michelle Howard, U.S. Navy
  • Patrick Mana, Eurocontrol

Tuesday, 17 October, 9:30-10:30 – conference room 2

In conversation with Marc Bayle and Lieve Mostrey

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Join us for an exclusive conversation with Lieve Mostrey, Chief Executive Officer of the Euroclear Group and Marc Bayle, Head of the Directorate General Market Infrastructure and Payments of the European Central Bank. In this session, both will step back and discuss insights into their extensive agendas and address themes such as market infrastructure evolutions, opportunities for greater levels of efficiency and market harmonisation, the impact of geopolitical changes in the post-trade space, the role of FinTech, cyber and much more. The conversation will be led by Christian Sarafidis, Head of Marketing and member of the Executive Committee, SWIFT.

Tuesday, 17 October, 16:30-17:15 – SWIFT auditorium

Instant payments over SWIFT

Everyone wants to be able to pay who they want, when they want – increasingly while they are on the move; instant payments make this possible. With our unique position at the heart of the industry, SWIFT has unparalleled experience of working with its banking community to build strategic instant payment solutions that can be replicated across multiple markets. In this session, we will share our experiences of building and delivering a new instant payments platform for Australia and discuss how our new instant payments connectivity solution can help us support the European banking community in their journey to offer instant payments. We will listen to testimonies from these communities on the challenges and opportunities ahead, and hear about their vision and ambition for the new payment platforms they are building.

Speakers:

  • Moderator: Diane Nolan, Accenture
  • Nigel Dobson, ANZ
  • Elie Lasker, SWIFT
  • Hays Littlejohn, EBA Group
  • Mehdi Manaa, European Central Bank