2019 Theme
With accelerating pace, more and more banking services are being performed outside traditional banks. This is driven both by push and pull factors. Two major regulatory reforms in Europe – the second Payment Services Directive (PSD II) and the General Data Protection Regulation (GDPR) - are forcing banks to share their customer data with competitors and put the individual in control of how their data is – and is not – used.
A variety of players from different industry sectors will each capture a slice of the financial value chain: fintech developers, telecoms providers, energy companies, retailers and - of course - the global tech giants. This only adds to the imminent pressure on European banks to cut costs and improve their service offering. And what could be adequate response strategies for established financial players to deal with the disruption ahead? For policymakers, the challenges of technology should not be considered only in a national context – there needs to be a more considered approach on how to regulate cross-border activities on new technological platforms.
During the conference, we explored where different players stand in their journey in adapting business models and data strategies, the new risks to information security and financial integrity, and the many challenges facing supervisors.
Agenda
11:30-11:50 Registration and appetizers
11:50-12:00 Welcome: Oliver Wyman and CIGI
12:00-12:20 Opening address
12:20-13:20 PANEL I: Financial markets and the digital revolution
13:20-14:20 Networking lunch
14:20-14:40 Keynote address
14:40-15:40 PANEL II: Regulation and supervision in the new financial ecosystem
15:40-16:40 Chat Rooms: Embracing change - evolution and revolution for financial institutions
- SME Lending
- Customer Centricity
- Personal Savings and Risk Management
16:40-17:00 Coffee break
17:00-18:00 Panel discussion from the Chat Rooms with Q&A
18:00-18:30 Closing remarks
18:30-20:00 Drinks reception and evening event
Palazzo Altemps
Speakers
Our Team
Andrea Federico is a Partner and Head of the Financial Services Public Policy practice in EMEA. Since joining Oliver Wyman in 1998, Andrea has advised major universal banks on their risk and financial resources management priorities and evolutionary challenges. Since 2008 Andrea has developed an understanding of financial stabilization measures and policy issues related to the financial services sector as a whole. He regularly advises central banks, supervisors, ministries and governments on these challenges.
Find out more
Davide is Managing Partner for Oliver Wyman EMEA and specializes in Public Policy with most of his work focusing on governments, national regulators, multi-lateral bodies, development finance organizations and central banks.
Find out more
Mr. Elliott is a Partner at Oliver Wyman in New York, in the Finance & Risk/Public Policy practice. He focuses on public policy and its implications for the financial sector. He has written and spoken extensively on the impact of recent political developments on financial institutions, including writing “Financial Institutions in an Age of Populism” and “Implications of the Trump Administration for Financial Regulation”. In 2016, Douglas was the lead author of a 150-page study analyzing the impacts of the Basel reforms, building on a similar paper from several years earlier for the IMF.
Find out more
