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Regulatory Supervison of Digital Payments and Financial Technology

London - UK

24 February to 28 February, 2020

Cost: $3000 per person



Who should attend?
  • Ministry of Finance officials
  • Policy Advisors
  • International regulators
  • Independent practitioners
  • Consulting firms
  • Central bank officials
  • Donor agencies
  • Private equity firms
  • Academics


Background

 

This program aim is to challenge regulators, policy makers and practitioners on the importance of developing a regulatory framework on financial technology. Participants that attend the program will go through twelve fundamental modules that would equip them for future challenges as they address the increased role of financial technology. Participants will need to be prepared to be challenged in a stimulating and thought-provoking environment.

It is important to re-iterate that innovation in financial services will continue to move at a rapid pace. The significant increase in the number of fintech companies in recent years has highlighted a burgeoning market with significant economic potential, and a commercial need to create efficiencies and modernise the provision of financial products and services.

This program aim is to challenge regulators, policy makers and practitioners on the importance of developing a regulatory framework on financial technology. Participants that attend the program will go through twelve fundamental modules that would equip them for future challenges as they address the increased role of financial technology. Participants will need to be prepared to be challenged in a stimulating and thought-provoking environment.It is important to re-iterate that innovation in financial services will continue to move at a rapid pace. The significant increase in the number of fintech companies in recent years has highlighted a burgeoning market with significant economic potential, and a commercial need to create efficiencies and modernise the provision of financial products and services. Fintech presents a particularly acute problem from the perspective of systemic risk for three reasons.

First, fintech firms, because of their size and business model, are more vulnerable to adverse economic shocks than large financial institutions, and those shocks are more likely to spread to other firms in the industry.

Second, fintech firms are more difficult to monitor and constrain than typical financial institutions because regulators lack reliable information about the structure and operations of fintech markets.

Third, fintech markets suffer from collective action problems that inhibit cooperation among market actors.

All of these problems suggest that fintech presents a set of regulatory concerns. This programme will address some of these concerns.

$3000 per person, breakfast and lunch provided and includes all training materials and accommodation for five days. Airport pickup also provided.


Why attend?
In the last decade, financial technology (or “fintech”) has revolutionized the way that finance works. advisors have turned the art of investing into an automated process run entirely by algorithms. Crowdfunding firms have harnessed the wisdom of crowds to make it easier than ever for individuals and companies to raise capital. And virtual currencies such as Bitcoin have emerged to challenge the very idea of money.But how does the changing landscape of finance affect our views of the industry? Does fintech present different risks and concerns than those raised by more conventional financial institutions? And, just as importantly, does current financial regulation adequately address these risks and concerns.
Topics
Module 1 - Fintech Ecosystem
Module 2 - Can Fintech disrupt financial systems stability?
Module 3 - Pros and cons of a Global Payment System
Module 4 - Drivers of Financial Regulations
Module 5 - Should Crypto Currency be regulated?
Module 6 - Risks to consumers
Module 7 - Risks to firms
Module 8 - Risks to Financial Stability
Module 9 - Regulatory Responses
Module 10 - Consumer and Data protections
Module 11 - Developing a regulatory framework
Module 12 - Summary and Review

Details

Start:
February 24
End:
February 28
Event Category: