The ECB at Sibos 2022

Sessions hosted by the ECB

Tuesday 11 October 9:45-10:15 – Exhibitor Stage

Exhibitor Stage: Digital euro – our future money

Today customers are offered convenient and reliable means of payment. But retail payments are undergoing a disruptive transformation and people increasingly shift towards digital payments. As central bank money is currently only available to consumers in the form of cash, it could over time become marginalised.

The European Central Bank is therefore exploring the potential of a digital currency like many other central banks around the globe.

This digital currency, the “digital euro” would be an additional way to pay anywhere in Europe, just like banknotes, and it would continue to ensure access to central bank money

Learn about our project findings on design, privacy, functionality, technology and much more.

Speakers:

• Evelien Witlox, European Central Bank
  Slides

Thursday 13 October, 13:30-14:15 – Meet the experts stage

Meet the experts: exploring the future of wholesale CBDC

Digitalisation and globalisation are driving change in the financial ecosystem. Technological innovation and evolving user needs require central banks to continuously rethink their functions and operations in payment and securities settlement.

The Eurosystem is modernising its central bank services by completing the technical and functional consolidation of the TARGET Services. At the same time, many consider Distributed Ledger Technologies (DLT) based private sector financial services to become important in the future, also in wholesale markets. The Eurosystem needs to understand the relevance and implications of the various initiatives also to understand if and how to interact with them in the future in a safe and efficient manner.

Moreover, to be in a position to preserve the pivotal role of central bank money in the settlement of retail payments and transactions between financial intermediaries, central banks are investigating the merits of a possible future wholesale central bank digital currencies (CBDC) relying on new technologies, such as DLT.

Speakers:

• Adeline Bachellerie, Banque de France

• Teresa Castilla Romero, BME Clearing

• David Durouchoux, Société Générale

• Stefano Siviero, Banca d’Italia 

• Moderator: Ulrich Bindseil, European Central Bank

Sessions with ECB speakers

Monday, 10 October, 13:15-14:00 – Conference stage 3

Connecting digital islands: Joining up digital currencies and payment systems

The emergence of Central Bank Digital Currencies (CBDCs) raises many questions about how they will work with existing payments systems. CBDCs are being developed, and we know that they will need to co-exist with existing infrastructures for some time. But how is this actually going to work? If CBDCs are to operate on different networks, how will customers’ payments flow frictionlessly when they need to arrive in existing currencies?

In this session, we’ll explore what banks, central banks and payment networks need to do to ensure interoperability between the existing and the new. For instance, how will banks on different networks be able to identify themselves and ensure that transactions are securely signed? We’ll also discuss how fragmentation of the global financial system can be avoided in the context of such rapid innovation, and debate which CBDC model - interoperability, interlinking and single global platform - is most likely to win out in the future.

Speakers:

• David Kretz, Bank of America
• Lewis Sun, HSBC
• David Treat, Accenture
• Evelien Witlox, European Central Bank
• Moderator: Joy Macknight, The Banker
  

Monday, 10 October, 13:30-14:15 – Conference stage 2

Powering payments: The dawning of a data-rich era

Better payments data cannot be achieved by any one institution alone; it must be adopted in a coordinated way across the payments ecosystem. As the industry converges on a new standard of messaging, join our panel of industry experts as they explore the challenges, risks and long-term benefits in the move to richer and more structured data.

Speakers:

• Nish Dharmaratne, Westpac
• Richard Dzina, The Clearing House
• Marc Recker, Deutsche Bank
• Dimitri Pattyn, European Central Bank
• Moderator: Liz Lumley, The Banker/FT
  

Wednesday, 12 October, 10:00-10:45 – Conference stage 3

Go far, go together: Collaboration and the fight against financial crime

Is collaboration through public-private, and private-private, partnerships the way forward to effectively address financial crime compliance friction points and overcome silos? In this session, we’ll explore how combining strengths through collaboration can deliver faster, more effective, sustainable solutions to meet financial crime compliance challenges faced by the industry.

Speakers:

• Taskeen Hamidullah-Bahl, Barclays
  
• Markus Schulz, ING
• Jason Shepherd, TRSS International Ltd.
  
• Fiona van Echelpoel, European Central Bank
• Moderator: Lisa Quest, Oliver Wyman
  

Wednesday 12 October 11:45-12:30 – Standards forum

ISO 20022: Come together, right now

Financial market infrastructures play a critical role in enabling the adoption of global standards. As ISO 20022 continues to be adopted across the industry, there’s a pressing need for MIs to come together and harmonise their approach. Only then can we realise the true value of adopting this common standard.

In this session, find out the latest on what’s been agreed in terms of sharing implementation plans and aligning on versions and release management cycles.

Speakers:

• Takashi Hashimoto, Bank of Japan

• Michael Jones, Bank of England

• Frank Van Driessche, The Federal Reserve Bank
  

• Marek Kozok, European Central Bank
• Moderator: Juliette Kennel, SWIFT 

Monday, 10 October 2022 16:00-17:30– Stand D34

Reception at the ECB stand

To register for the reception, please send an email to mip.events@ecb.europa.eu