The ECB at Sibos 2018

When, where

22 October to 25 October 2018
Sydney, Australia


Agenda

Sessions hosted by the ECB

Monday, 22 October, 15:30-16:15 – SWIFT Hub Zone L2, SWIFT Hub 2

ISO 20022 migration: Will it be a marathon or a sprint?

In April 2018 SWIFT launched a detailed community consultation setting out the drivers for ISO 20022 migration for different business areas and a proposed migration approach, and seeking community feedback on the key questions of how, when and what to migrate.

In this interactive session, we will share insights on how the community reacted to the proposed migration strategy and discuss practical implications with key market players and standards experts.

Speakers:

  • Moderator: Stephen Lindsay, SWIFT
  • Marc Bayle de Jessé, European Central Bank
  • Patricia McSweeney, CIBC
  • Stéphan Levieux, Hang Seng Bank

Monday, 22 October, 15:30-16:30 – Conference L3, Room 4

How can the “long-tail” of smaller organisations be protected from cyberattacks?

Most large, mature organisations have comprehensive cyber and fraud-prevention plans in place to protect themselves. But how do we do the same for small, regional firms that don’t have access to the resources, budgets or deep skills?

How far can we get by rolling out coordinated practical, cost-effective solutions – security policy templates, education and staff training and the sharing of information within trusted local communities? Does this give us enough of a head start, or do we need all the expensive tools and an army of skilled staff?

Speakers:

  • Moderator: Stefania Palma, Financial Times
  • Francisco Tur Hartmann, European Central Bank
  • Jean-François Legault, JP Morgan
  • Chris Hockings, IBM
  • Andrew Pade, Reserve Bank of Australia
  • Rob Sloan, Dow Jones & Company

Tuesday, 23 October, 15:30-16:15 – SWIFT Hub Zone L2 – SWIFT Hub 2

Real-time liquidity monitoring in settlement systems:
API standards in action

Payments are becoming instant, enabled in part by real-time settlement infrastructure. This evolution is imposing new demands on bank treasurers, such as real-time liquidity management and monitoring. This is where GTV comes in. GTV is a new real-time liquidity monitoring framework. If you are involved in real-time settlement infrastructure, whether as a treasurer or as a service provider, this session will provide you with up-to-the-minute information on how part of the real-time challenge can be met, and some compelling reasons to get involved.

Speakers:

  • Siegfried Vonderau, Deutsche Bundesbank

Wednesday, 24 October, 12:30-13:30 – Conference L3, Room 4

Community session: TIPS – the Eurosystem’s response to an evolving payments landscape

Technological advances are reshaping the global economy, and the payments sector is no exception. In an effort to keep the European payments market up to date while maintaining its integrated nature, the Eurosystem has developed the TARGET Instant Payment Settlement (TIPS) service. Join us at the community session for a discussion on how the financial sector can transition to this new era and get first-hand insights on TIPS before it goes live on 30 November 2018.

Speakers:

  • Burkhard Balz, Deutsche Bundesbank
  • Marc Bayle de Jessé, European Central Bank
  • Karen Birkel, European Central Bank
  • Joy Macknight, The Banker

Wednesday, 24 October, 14:00-14:30 – Standards Forum Stand

GTV real-time liquidity monitoring framework – a demo

GTV is a framework for the provision of real-time liquidity monitoring across real-time settlement platforms. This demonstration is aimed at those who want to understand how it works, what its main components are and how they interoperate, how it relates to the evolution of ISO 20022 standards and what “onboarding” looks like from various perspectives.

Speakers:

  • Monika Hoecker, Deutsche Bundesbank

Wednesday, 24 October, 14:00-15:00 – Conference L3, Room 2

The market infrastructure of tomorrow

New technologies are taken up rapidly, not least in the market infrastructure (MI) space. They appear in multiple shapes and forms and address problems that often have yet to be discovered. Will the winners be driven by an efficient community take-up of distributed ledger technology (DLT), big data analytics and application programming interfaces (APIs), or by individual investments, such as in artificial intelligence (AI), machine learning and robotics? What role will competition play in this take-up? Where will MIs invest first, knowing they are starting to lose their monopolistic position? Will new technologies also address new functionality requirements, such as synchronisation of settlement across jurisdictions, interoperability between low-value and high-value systems and new liquidity management functions?

Speakers:

  • Moderator: Cyrus Bhathawalla, KPMG
  • Mehdi Manaa, European Central Bank
  • Gerry Gaetz, Payments Canada
  • Calvin Tai, HKEX
  • Simon Eacott, NatWest

Wednesday, 24 October, 15:30-16:00 – Exhibition L4, Open Theatre 2

Instant payments: What is the role of central banks?

Central banks around the world are getting more involved in the settlement of instant retail payments. What are the underlying reasons for this, and what models are being used to facilitate the shift towards instant payments? We discuss these questions with representatives of the Reserve Bank of Australia, the Federal Reserve Bank and the European Central Bank and explore the different strategies.

Speakers:

  • Moderator: European Central Bank
  • Mehdi Manaa, European Central Bank
  • Tony Richards, Reserve Bank of Australia
  • Dave Sapenaro, Federal Reserve Bank of St. Louis

Wednesday, 24 October, 16:00-18:00 – Exhibition L1, Stand I29

Reception at the ECB stand


Thursday, 25 October, 9:45-10:45 – Conference L3, Room 1

How do we solve the identity crisis in a digital world?

We’ve reached an age in which identity theft and mega data breaches no longer shock us. Aside from human error, the problem lies with malicious attackers, insiders and third parties gaining access to sensitive data which should be secure. Digital identity is in crisis and we need a holistic approach to deal with the crisis. However, protecting data AND integrating old-tech legacy with new-tech APIs AND providing access control AND replacing passwords (which we forget) with risk-based authentication will not be easy. When will we be able to trust service operators to provide convenience AND security? Cloud solutions? Standards? Will the market resolve itself and provide interoperability between public and private sector approaches?

Speakers:

  • Moderator: Stefania Palma, Financial Times
  • Marc Bayle de Jessé, European Central Bank
  • Victoria Richardson, AusPayNet
  • Nick Abrahams, Norton Rose Fulbright
  • Michael Bui, Commonwealth Bank

Thursday, 25 October, 12:30-13:30 – Conference L3, Room 6

The role of central banks and fintech

IT innovation poses a number of new challenges for financial authorities, including central banks. In this session we look at some of those challenges and discuss new growth opportunities for financial services and economic activities. We focus on four areas: (i) the impact on financial markets, (ii) the impact on the real economy and prices, (iii) the importance of cyber security and data protection, and (iv) the impact on currencies, payments and settlements. The latter includes “cryptocurrencies” and “central bank digital currencies”, which are currently attracting a great deal of attention. We would like to contribute to the global discussion on the extent to which central banks should make their payment and settlement infrastructures available to society.

Speakers:

  • Moderator: Hiromi Yamaoka, Central Bank of Japan
  • Marc Bayle de Jessé, European Central Bank
  • Greg Johnston, Reserve Bank of Australia
  • Lawrence Sweet, Federal Reserve Bank of New York