Speakers
Public Authoritiess
Alexandra Jour-Schroeder
Deputy Director-General and Acting Director, General Affairs - DG for Financial Stability, Financial Services and Capital Markets Union, European Commission
Maria Staszkiewicz
Advisor to the Deputy Minister of Finance - Ministry of Finance, Poland
Rodrigo Buenaventura
Secretary General - International Organization of Securities Commissions (IOSCO)
Vittorio Tortorici
Senior Advisor - Ministry of Economy and Finance, Italy
Industry Representativess
Marcus Hughes
Vicepresident, Global Head of Government Relations - OKX
Michael Jefferson
Head of Financial Services Public Policy Africa, Middle East, Switzerland & UK - Amazon Web Services (AWS)
Objectives
Objectives
This session will serve as an introduction to the afternoon dedicated to the digitalisation of financial services and the use of technology in finance. It will assess whether the EU financial sector’s digital transformation is progressing at a sufficient pace to support its global competitiveness, and whether the EU’s policy and supervisory framework is adequately suited to enable the scaling of digital finance or requires further measures.
Points of discussion
- Digital transformation in the EU: is the EU financial sector keeping pace with global technological developments?
Is the EU financial sector moving fast enough to harness digital technologies and remain competitive compared with other major regions, in light of the recent European Council call to accelerate digital competitiveness? Where has digital transformation been most tangible, and where does progress remain uneven? What technological and organisational drivers should be prioritised to accelerate digitalisation, and how are traditional financial institutions, fintechs and technology providers contributing to this process? - Policy frameworks: is the EU digital finance agenda fit for purpose?
Do the EU’s current digital and financial policy frameworks provide a coherent and sufficiently agile environment to support the scaling of digital finance across Europe? What additional contribution can be expected from initiatives such as the Market Integration and Supervision Package (MISP) and the Digital Omnibus Package in facilitating the uptake of AI, DLT and tokenisation? Are further policy, supervisory or infrastructure actions needed to accelerate progress, or should the priority now be effective and consistent implementation of the existing framework?