Speakers
Objectives
The first objective of this session is to take stock of the uptake of new technologies such as blockchain, smart contracts and AI in securities markets, of their expected impacts in terms of efficiency, safety and customer service and of the related opportunities and challenges.
Secondly, the panel will assess the challenges and potential risks associated with the implementation of these technologies in securities markets and evaluate whether the existing financial and digital policy frameworks and supervisory approaches are well suited to support these developments.
This session will focus on the use and impact of blockchain related technology (including DLT, smart contracts, tokenisation…) and AI in securities markets. The impact of other technologies such as cloud services or data analytics in this space may also be touched on if relevant.
Points of discussion
- State of play and opportunities: What is the current adoption of new technologies such as blockchain, smart contracts, AI…in securities markets in terms of scale, scope and maturity and how is experimentation with these technologies progressing? What are the main benefits and opportunities associated with these technologies? Can the use of these technologies significantly transform securities markets in the medium term? Will they lead to new business and operating models or will they mainly help to optimize existing processes?
- Challenges and policy implications: What are the main challenges associated with the use of these new technologies in securities markets and can they be overcome over time? Do these new technologies create new risks? Are financial and digital finance regulations fit-for-purpose for supporting these developments and mitigating related risks? Are there specific implications in terms of supervision?