Ladies and gentlemen,
The Central Bank of the Russian Federation (Bank of Russia) has the honour of inviting you to the 28th International Financial Congress (IFC-2019), to be held on 3–5 July 2019 in St. Petersburg, Russia.
The theme of this year’s Congress is Financial Markets: Increasing Complexity, Maintaining Stability.
The programme for IFC-2019 will be divided into several thematic tracks, which will cover monetary policy and macroeconomics, banks, insurance, collective investments, finance market professionals, and microfinancing.
A range of sessions will be dedicated to topics applicable to various sectors of the financial market. These include Digital Transformation and Cyber Risks in the Financial Sector; Creating institutes of Financial Ombudsman and Conduct supervision; Human resources development in the Financial Sector; and others.
The opening day’s plenary discussion will focus on the situation in global financial markets and its effect on the monetary policy. The plenary session on day two will feature a discussion between the regulator and market participants on achieving objectives for financial market growth across key areas over the period 2019–2021.
Please also find attached a preliminary list of topics for IFC-2019.
The operator of the Congress is the Roscongress Foundation.
We look forward to seeing you in St. Petersburg.
Plenary session: How does regulation affect financial system stability and economic growth? Plus 4 panel sessions:
Birth traumas and acquired illnesses in the Russian banking system: on the way to recovery
How economic trends will shape the financial sector
Competition on the financial market: obstacles and solutions
Three development strategies: financial market, information technologies, and financial inclusion
RT 1.1: The impact of low inflation on the economy
RT 1.2: Modernizing banking supervision: initial results
RT 1.3: A single EAEU financial market: development parameters
RT 1.4: The digital transformation of the financial sector: challenges and opportunities
RT 2.1: Preventive supervision: internal procedures for assessing capital adequacy and conducting stress tests
RT 2.2: Microfinance under new conditions: reducing the loan cost and the stability of microfinance institutions
RT 2.3: Hot trends in cybersecurity
RT 2.4: Attracting investment: banks vs capital markets
RT 3.1: Technology as a competitive factor in the financial market: a solution for everyone or everyone for themselves?
RT 3.2: Fair competition on the financial market: countering illegal participants
RT 3.3: Proportionate regulation and supervision on the financial market
RT 3.4: Human capital in the financial sector: challenges, strategies, and values
RT 4.1: Current issues in compulsory third-party liability motor insurance (CTPLM)
RT 4.2: Creating long-term money institutions: international practices for developing the Russian market
RT 4.3: The search for new brokerage opportunities in mediation by professional securities market participants
Address by Governor of the Central Bank of Russia Elvira Nabiullina
Address by keynote speaker – Willem Bauter, Special Economic Advisor, Citigroup
Signing of an agreement on information security cooperation between the Bank of Russia and the National Bank of the Republic of Kazakhstan
Signing of an agreement on cooperation and exchanging confidential and other data between the Bank of Russia and the National Bank of the Republic of Kazakhstan for the purposes of financial market supervision
Separate presentation area programme, featuring the following sessions and presentations:
Presentation of RuData: a new system for assessing the cost, liquidity, and activity of Russian bonds using data from Interfax, the National Settlement Depository (NSD) Price Centre, and Thomson Reuters
Bank of Russia analytical report – The Post-Crisis Decade in the Russian Banking Sector: General Trends and Challenges
Presentation of Marketplace prototype and pilot project
Presentation by Rostelecom: Demonstrating Remote Biometric Identification via Post Bank Remote Banking
Presentation of Bank of Russia analytical report with the participation of FAS Russia: Competition on the Financial Market
Presentation of the Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF) report: In Search of the Optimal Depth and Structure for the Financial Sector from the Perspective of Economic Growth and Macroeconomic Stability
Presentation of the Bank of Russia Banknotes mobile app
Session on Financial Education: The Role of Market Participants
Session on XBRL: Initial Results of Reporting. Next Steps
As part of an additional programme, a Summer School in Macroeconomics was organized for undergraduate, postgraduate, and doctoral students, together with a Bank of Russia Economic Research Conference titled ‘Inflation: New Insights for Central Banks’
Six conferences and roundtables took place ahead of the main conference programme:
Roundtable: Current Issues in Asset Management Regulation (NAUFOR)
Roundtable: Bonds and other financial tools and capital market mechanisms for funding infrastructure projects (NAKDI)
Conference: Current issues in microfinance (NAUMIR)
Conference: Strengthening the rationality and integrity of financial organization directors: a toolset (Bank of Russia)
Roundtable: Conduct supervision, from concept to practice: agency schemes for selling financial products (Bank of Russia)
Roundtable: What should the pension system of the Russian Federation look like? Key issues (National Association of Non-Governmental Pension Funds)
The Congress business programme touched on all aspects of how the financial market operates. Discussions at the International Financial Congress 2018 focused on regulation of the financial environment, the role of the financial system in supporting economic growth, monetary policy, the banking industry, the pension savings market, insurance, microfinance, financial technologies, financial inclusion, and many other topics.
IFC-2018 saw the launch of the first presentation area as part of the Congress. This served as the venue for five presentations, two business sessions, the presentation of two analytical reports, and the signing of two agreements.
IFC-2018 also featured an exhibition at which ten companies were represented: VTB Bank, Mir National Payment System, Moscow Exchange, Russian Agricultural Bank, Sberbank, Rostelecom, Goznak, SME Bank, Rosinkas, Fintech Association, and FinCERT.
The 2018 International Financial Congress was attended by approximately 1,200 participants from 41 countries: Armenia, Austria, Belarus, Belgium, British Virgin Islands, Canada, China, Cyprus, Czech Republic, Egypt, Finland, France, Germany, Hungary, Iran, Israel, Italy, Japan, Jersey, Kazakhstan, Kyrgyzstan, Luxembourg, Malaysia, Mauritius, Moldova, Mongolia, Montenegro, Netherlands, Poland, Republic of Korea, Russia, Serbia, Spain, Sweden, Switzerland, Tajikistan, Turkey, United Kingdom, USA, US Virgin Islands, and Uzbekistan. Attendees included 169 heads of Russian and foreign businesses.
The following organizations were represented at the Congress:
85 credit organizations from 15 cities. Among these were leading Russian banks: Sberbank of Russia, VTB Bank, Gazprombank, Russian Agricultural Bank, Otkritie FC Bank, Alfa Bank, UniCredit Bank, Rosbank, Bank Saint Petersburg, Citibank, and others
Central (national) banks from 14 countries: Armenia, Belarus, the Czech Republic, Finland, France, Germany, Hungary, Kazakhstan, Kyrgyzstan, Moldova, Montenegro, Russia, Spain, and Turkey
35 insurance companies; 16 private pension funds; 18 investment companies; 22 professional securities market participants; 23 management companies; 37 microfinance organizations, pawnbrokers, and consumer credit cooperatives; 15 self-regulating organizations; and 2 trade/exchange organizers
19 associations/unions/alliances of credit organizations and other financial market participants in Russia, the CIS, and worldwide; 10 auditing and consulting firms; 14 IT companies; 5 payment systems; 6 ratings agencies; academic representatives from 10 national higher education institutions; representatives from telecommunications companies, funds, non-bank credit organizations, manufacturing companies, and legal firms
The World Bank, the European Bank for Reconstruction and Development, the Financial Stability Board, the Alliance for Financial Inclusion, the International Organization of Securities Commissions, the Organization for Economic Cooperation and Development, the Ministry of Finance of the Republic of Belarus, the Polish Financial Supervision Authority, the Securities Commission of Serbia, the Financial Regulatory Commission of Mongolia, the Financial Services Commission of Mauritius, the Eurasian Economic Union, the Interstate Bank, and the New Development Bank
Legislative and executive authorities at various levels: the Federal Assembly (the Russian Federation Council and the Russian State Duma), the Ministry of Finance, the Ministry of Economic Development, the Ministry of Justice, the Ministry of Internal Affairs, the Accounts Chamber of the Russian Federation, the Federal Antimonopoly Service, the Federal Tax Service, the Federal Security Service, the Federal Financial Monitoring Service, the Deposit Insurance Agency, and Vnesheconombank.