Central Bank Workshop

14 November - Brussels

The 2018 edition of the Euroclear Central Bank Workshop has taken place on 14 November in Brussels, at the Hilton Grand Place.

Held every two years, it has grown into an essential forum for senior professionals from Central Banks, Ministry of Finances and supranational organisations interested in the increasingly important post-trade industry.

This year, industry experts engaged with close to 90 delegates from across the world. Speakers from institutions such as Hong Kong Interbank Clearing Limited, Bank of England, Danmarks Nationalbank, and the European Central Bank opened the dialogue around key developments from within our industry: 

  • How innovation and digitalisation are impacting clearing and settlement.
  • How ETFs can be, and are, being used as an instrument for foreign reserves.
  • How new instruments are being integrated into risk frameworks.
  • Best execution and trade compliance.
  • The economic outlook for the short to medium term.
  • How regulation, Fintech, Cyber and interdependency between networks is impacting systemic risk.

Programme

08:45

Registration and welcome coffee


09:15

Welcome

Frederic Hannequart - Chairman, Euroclear Bank - Chief Business Officer, Euroclear Group


09:45

Economic outlook

Peter Vanden Houte - Chief Economist, ING Belgium


10:15

Clearing and settlement in the era of innovation and digitalization

Haster Tang - CEO, Hong Kong Interbank Clearing Limited (HKICL)


11:00

Coffee and networking


11:20

International ETFs as instrument for foreign reserves

Andrew Brickman - Director, Client Execution Sales / iShares Capital Markets, BlackRock

Andrew Mackenzie - Managing Director, Member of the Official Institutions Group, BlackRock


12:00

Risk framework - new instruments

Michal Zajac - Head of Risk Management and Investment Strategy, National Bank of Slovakia


12:30

Lunch and networking


14:00

Euroclear UK & Ireland connects to the Federal Reserve’s National Settlement Service

Ian Dowglass - Head of Innovation and Business Transformation, Euroclear UK & Ireland

Andrew Grice - Senior Manager - Banking Operations in the Customer Banking Division, Bank of England

Pat Hilt - Vice President, Federal Reserve Bank of New York

Euroclear UK & Ireland (EUI) has become the first foreign Central Securities Depository to connect to the Federal Reserve’s National Settlement Service. EUI is now able to offer USD, Pound Sterling, Euro settlement finality in Central Bank money.


14:30

Best execution and trade compliance

Carsten Andersen - Head of Front Office, Reserve Management and Collateral, Danmarks Nationalbank


15:00

Financial Stability - Role of ICSD

Paul Hurd - Head of Banking, Euroclear

  • ICSDs play a pivotal role between major financial institutions in their management of that institution's liquidity.
  • CPMI-IOSCO and CSDR take steps to ensure minimum standards of safety and efficiency, but more can be done to ensure markets operate effectively even in times of stress.
  • There is a case for financial stability and central bank support activities to align with regulations.

15:30

Coffee and networking


15:50

Panel: Systemic risk

  1. Interdependencies/networks
    Mapping, measuring and managing inward/outward systemic risk exposures; understanding the financial network; official sector initiatives in this space.

    Kimmo Soramäki - Founder and CEO, Financial Network Analytics

  2. Cyber risk/wholesale fraud 
    Perspectives on systemic risks emanating from the cyber space; recent CPMI work on managing end-point security in wholesale payments.

    Emran Islam - Market Infrastructure Expert, Oversight Division, European Central Bank

  3. FinTech
    The changing landscape; how to ensure that the benefits of new technology can be realised while managing potential risks; adjusting to new players; monitoring the regulatory perimeter.

    Daniel Heller - CFO, Bitlumens

  4. Regulatory expectations
    What regulators expect of FMIs in their role as 'systemic risk managers'; how FMIs can best put this into practice.

    Dr. Mariam Harfush Pardo - Senior Manager - FMI Risk and Research, Bank of England

16:40

Closing remarks


17:00

Closing drink and networking