Speakers
Public Authoritiess
Anikó
State Secretary - Ministry for National Economy, Hungary
Paulina
Director for General Affairs - DG for Financial Stability, Financial Services and Capital Markets Union, European Commission
Petra
Chairperson - European Insurance and Occupational Pensions Authority (EIOPA)
Verena
Chair - European Securities and Markets Authority (ESMA)
Industry Representativess
Benoit
Head of Public Affairs - Groupe BPCE
Maria
Head of Financial Services Public Policy and Regulatory Affairs EMEA - Amazon Web Services (AWS)
Martin J.
Chief Executive Officer & Co-founder - Insurely
Objectives
This session will first take stock of the short and longer term impacts of new technologies in the financial sector and of the related opportunities and challenges. The panel will also assess the relevance of the existing sectoral and horizontal frameworks for supporting an effective digitalisation of financial services and identify the main priorities for the next European political cycle in this area.
The objective of this session is to provide the audience with an update on digitalisation trends in the financial sector and the related drivers and challenges and also an overview of the implications of these developments in terms of regulation and supervision.
Points of discussion
- Digitalisation trends and impacts: How is digitalisation progressing in the financial services sector? Can it lead to a significant transformation of the financial ecosystem and financial value chains? What are the main drivers and enablers of digitalisation? What are the related opportunities, challenges and risks for users and market participants?
- Priorities for the next European political cycle: Do existing digital and financial policies appropriately support the evolutions related to digital finance and address related challenges? What should be the priorities in the next political cycle concerning digital finance (e.g. implementing the measures on the table, better adapting them to the needs of the financial sector, completing the regulatory framework in certain areas)? Do the EU policy approach and supervision need to evolve to better support the digitalisation of the EU financial sector? Should more be done to address the operational challenges associated with digitalisation?