Speakers of the session
Mario NavaEuropean Commission, Director, Horizontal Policies, Directorate General Financial Stability, Financial Services and Capital Markets Union
Christopher P. ButtigiegMalta Financial Services Authority, Chief Officer Strategy, Policy and Innovation
Klaus LöberEuropean Central Bank, Head of Oversight
Tom MuttonBank of England, Director, Fintech
Jonathan AllenAmazon Web Services, Enterprise Strategist
Marc WetjenThe Depository Trust & Clearing Corporation, Managing Director, Head of Global Public Policy, and Chairman of the Board, Deriv/SERV LLC
Objectives of the sessionThis session will discuss the added value that distributed ledger technology (DLT) and cloud services currently provide vs existing systems in the wholesale financial sector, whether the current applications (or proofs of concept) of these technologies are leveraging all the opportunities offered by DLT and the cloud and if changes are needed in the EU policy framework in order to support an appropriate development of DLT and cloud services.
In terms of scope this session will mainly focus on the use of DLT and cloud services for wholesale financial services (securities transactions, asset servicing and custody, possibly trade finance, payment netting,…).
Points of discussionHow are applications of DLT progressing in wholesale financial services and is the potential added value of DLT technology fully leveraged at present? Are changes needed in the EU regulatory or supervisory framework to support an appropriate development of DLT?
How is the usage of cloud services progressing for wholesale financial services in the EU? How can financial institutions reap all the potential benefits offered by the cloud and are any evolutions needed in the financial regulatory and supervisory framework in this perspective?