BIS Innovation Summit 2024: Navigating rapid innovation Donnerstag, 02. Mai 2024 - 08:05

12:00–13:00

Lunch and networking

13:00-13:05

MC opens the event

13:05–13:15

Opening remarks

Implementing technological innovation: quantum leaps (like the unified ledgers) or incremental changes?

Speaker:
Agustín Carstens, General Manager, Bank for International Settlements

13:15-13:30

Keynote speech

Adopting new technological innovations now or waiting for them to mature further – the current dilemma for central banks' boards

Speaker: 
François Villeroy de Galhau, Governor, Bank of France and Chair of the BIS Board of Directors

13:30–14:25

High-level panel

The future of CBDCs: the road ahead for retail versus wholesale CBDCs
Technology is evolving rapidly, and many experiments in the area of CBDC are in progress or have been concluded. Policy makers are still observing and deciding any next steps. In that context, panellists will discuss the future of retail and wholesale CBDCs.

Speakers:  
Shaktikanta Das, Governor, Reserve Bank of India
Joachim Nagel, President, Deutsche Bundesbank
Fabio Panetta, Governor, Bank of Italy

Moderator: 
Hyun Song Shin, BIS Economic Adviser and Head of Research

BIS Innovation Hub project – real world usage: SNB's Project Helvetia III

Speaker: 
Thomas Jordan, President, Swiss National Bank

BIS Innovation Hub project showcase: project Mandala

Speaker:
Maha El Dimachki, Head, BIS Innovation Hub Singapore Centre

BIS Innovation Hub project showcase: project mBridge

Speaker:
Bénédicte Nolens, Head, BIS Innovation Hub Hong Kong Centre

15:00–15:45

Coffee and networking break

Fireside chat

Tokenised private money

Speakers:
Dante Disparte, Chief Strategy Officer and Head of Global Policy, Circle
Umar Farooq, CEO, Onyx by JP Morgan

Moderator: 
Joasia Popowicz, Associate Editor and Fintech Subject Specialist, Central Banking

BIS Innovation Hub project showcase: monitoring cryptoasset data: project Pyxtrial

Speaker:
Francesca Hopwood Road, Head, BIS Innovation Hub London Centre

Fireside chat

Tokenisation and smart contracts

Speakers:
Stella Lim, Chief Operating Officer, Partior
Xiaonan Zou, Head of Digital Assets, Group Treasury, UBS

Moderator: 
Per von Zelowitz, Head, New York Innovation Centre, Federal Reserve Bank of New York

BIS Innovation Hub project showcase: project Agorá

Speaker:
Morten Bech, Head, BIS Innovation Hub Swiss Centre

Fireside chat

Designing a legal framework for unified ledgers

Speakers:
Rebecca Simmons, Partner, Sullivan and Cromwell
Jong-Goo Yi, Foreign Attorney, Kim & Chang

Moderator: 
Ross Leckow, Deputy Head, BIS Innovation Hub

MC closes the day

Social event

07:30–08:15

Coffee

08:15–08:20

MC welcomes participants to the second day

08:20-08:30

Keynote speech

Technology and inclusion in central banking

Speaker:
Andréa M Maechler, Deputy General Manager, Bank for International Settlements

08:30-09:15

Fireside chat

Finternet: the financial system for the future

Speakers:
Agustín Carstens, General Manager, Bank for International Settlements
Siddharth Shetty, Technology Advisor, Foundation for Interoperable Digital Economy
Moderator: Cecilia Skingsley, Head, BIS Innovation Hub

09:15–09:55

Fireside chat

Technological innovation to enhance existing infrastructures
Upscaling existing financial market infrastructures and interlinking them at national or cross-border levels is an evergreen topic for operators of financial market infrastructures. Panellists will discuss their approaches.

Speakers:  
Tony McLaughlin, Emerging Payments and Business Development, Citi
Tom Zschach, Chief Innovation Officer, SWIFT

Moderator: 
Miguel Díaz, Head, BIS Innovation Hub Toronto Centre

BIS Innovation Hub project – real world usage: connecting domestic instant payment systems through Nexus

Speaker:
Mamerto Tangonan, Deputy Governor, Bangko Sentral ng Pilipinas

BIS Innovation Hub project showcase: building block to enhance existing infrastructures: project FuSSE

Speaker:
Miguel Díaz, Head, BIS Innovation Hub Toronto Centre

Coffee and networking break

Fireside chat

AI Horizons and the Implications for Finance
The conversation with our special guest will aim at considering the most recent developments in artificial intelligence, disentangling hype from trends that are going to shape the future of society and of the financial sector. Panellists will discuss opportunities and risks, and how central banks should think about the ongoing developments.

Speakers:
Jeremie Harris, CEO, Gladstone AI and Co-Host, Last Week in AI Podcast
Emily Prince, Group Head of Data and Analytics, London Stock Exchange Group

Moderator: 
Chris Cox, Head of Information Technology and Services, Bank for International Settlements

BIS Innovation Hub project showcase: project Gaia

Speaker:
Raphael Auer, Head, BIS Innovation Hub Eurosystem Centre

Lunch and networking break

Fireside chat

Generative AI in central banks and financial firms: should I stay, or should I go?
Participants from financial firms and central banks will discuss the advantages and risks of using generative AI in the context of specific business use cases.

Speakers:
EJ Achtner, Head of the Office of Applied Artificial Intelligence, HSBC
Maryam Haghighi, Director, Data Science, Analytics and Insights, Bank of Canada

Moderator: 
Raphael Auer, Head, BIS Innovation Hub Eurosystem Centre

BIS Innovation Hub project showcase: AI and privacy enhancing technologies against financial crime: project Aurora

Speaker:
Beju Shah, Head, BIS Innovation Hub Nordic Centre

Fireside chat

Ensuring fairness and addressing potential implicit bias in AI-based supervisory activities

Speakers: 
Melissa Koide, CEO, FinRegLab
Lukasz Kubicki, Head of SupTech, Technology and Innovation, European Central Bank

Moderator: 
Morten Bech, Head, BIS Innovation Hub Swiss Centre

Coffee and networking break

High-level panel

Central banks and the rise of AI
Panellists will explore central bank strategies amidst rapid AI advancements, focusing on AI's influence on the financial system and central banks' own use of AI tools for SupTech and forecasting tools.

Speakers: 
Chia Der Jiun, Managing Director, Monetary Authority of Singapore
Pablo Hernandez de Cos, Governor, Bank of Spain
Eddie Yue, Chief Executive, Hong Kong Monetary Authority

Moderator: 
Jemima Kelly, columnist, Financial Times

Fireside chat

The blooming landscape of technological experimentation within central banks: trends and success elements
The Head of the BIS Innovation Hub will discuss the key factors for effective innovation, drawing on the BIS's leading role in fostering technological innovation and modelling successful experimentation with new technologies for central banks and promoting public-private development partnerships.

Speaker:
Cecilia Skingsley, Head, BIS Innovation Hub

Moderator: 
Josh Lipsky, Senior Director of the GeoEconomics Centre, Atlantic Council

Fireside chat

It takes two to tango: private-public sector partnerships in the context of the BIS Innovation Hub experiments
For almost five years, the BIS Innovation Hub has gained extensive experience partnering with the private sector and academia in its projects. This fireside chat will explore the topic of how to collaborate for effective technological experimentation. Panellists will discuss partnering challenges including, incentives, practices, cultures and discuss lessons learnt.

Speakers: 
Bob Wardrop, CEO, RegGenome and Professor of Finance, University of Cambridge Judge Business School
Catherine Gu, Global Head of CBDC and Tokenized Assets, Visa

Moderator: 
Francesca Hopwood Road, Head, BIS Innovation Hub London Centre

In conversation with Yuval Noah Harari and closing remarks

AI and the evolution of financial systems: harmonising innovation with societal welfare

Special guest:
Prof Yuval Noah Harari, historian, philosopher and best-selling author
Prof Harari will discuss the potential impacts of future technologies on human society and the global financial system.

Moderator:
Cecilia Skingsley, Head, BIS Innovation Hub

MC closes the plenary sessions