Financial Markets: Increasing Complexity, Maintaining Stability

3–5 July 2019, ST. PETERSBURG


Programme


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4 July

11:50–13:00

Hotel Astoria, Conference hall 6 (first floor)
Parallel sessions Banks Session 1.1: New Approaches to Finance for Housing Construction: Challenges and Opportunities for the Banking and Construction Sectors Housing finance reform: its social significance and role as a growth area for the banking and construction industries.This reform must ensure the c...
Housing finance reform: its social significance and role as a growth area for the banking and construction industries.
This reform must ensure the continued development of the housing market in order to meet the target indicators of the Housing and Urban Environment National Project.
Financing buyer-funded (shared-equity) housing development: a market for developing competitiveness in the banking sector.
Evaluating the risks and performance of construction projects: new regulatory approaches and the development of new competencies. The Unified Information System for Housing Construction (UISHC) as a unified platform and source of information for all market participants. Developer and construction company ratings: can they be relied on?
Laws and regulations: are the interests of all participants in buyer-funded housing development represented equally? Is the search for optimal rules for all market participants over?
Prospects and objectives for the construction industry and market: improving financing and strategic planning skills without using free financial resources, sector consolidation, increasing transparency, and developing technologies that take new client demands into account.
Moderator
Olga Polyakova, Deputy Governor, Bank of Russia
Speakers
Evgeny Bushmin, Deputy Chairman, Federation Council of the Federal Assembly of the Russian Federation
Artem Fedorko, Chairman of the Board, Bank DOM.RF
Dmitry Olyunin, First Deputy President and Chairman of the Management Board, VTB Bank
Anatoly Popov, Deputy Chairman of the Executive Board, Head of the Corporate Business Block, Sberbank
Nikita Stasishin, Deputy Minister of Construction, Housing, and Utilities of the Russian Federation

14:30–15:40

Hotel Astoria, Conference hall 6 (first floor)
Parallel sessions Banks Session 1.2: IFRS 9: Specificities and Results of Implementation New accounting requirements for credit institutions came into effect in 2019, based on the principles of IFRS 9 Financial Instruments. At the same ...
New accounting requirements for credit institutions came into effect in 2019, based on the principles of IFRS 9 Financial Instruments. At the same time, the algorithms for using new accounting data to calculate prudential indicators have been clarified. Proposed topics for discussion during this session include the results of the transition to IFRS 9 in accounting, the specifics of implementing the new requirements, and current issues regarding IFRS 9.
Moderator
Andrey Kruzhalov, Deputy Governor, Bank of Russia
Speakers
Alexey Lobanov, Director, Banking Regulation Department, Bank of Russia
Ekaterina Nekrasova, Partner, PricewaterhouseCoopers Audit
Mikhail Ratinsky, Senior Managing Director, Chief Accountant – Director of the Accounting and Reporting Department, Sberbank
Maria Voloshina, Director, Accounting Regulation Department, Bank of Russia

16:00–17:10

Hotel Astoria, Conference hall 6 (first floor)
Parallel sessions Banks Session 1.3: Business Models for Regional Banks: The Past, Present, and Future Regional banks used to have the advantage of flexibility, a custom-tailored approach, and faster loan approval over credit institutions that operat...
Regional banks used to have the advantage of flexibility, a custom-tailored approach, and faster loan approval over credit institutions that operate on a federal level. In recent years, the situation has shifted in favour of the latter, in part as a result of significant investments and other opportunities that regional banks do not have the means for or access to. Consequently, regional banks have been forced to shift their focus to operations in the interbank lending market and with the Bank of Russia. In response, the Bank of Russia has enacted proportional regulations, created the Marketplace platform, and helped improve the deposit insurance system by extending it to include small enterprise assets. Is this enough to activate the development of regional banks? What is their role today?
Moderator
Anatoly Aksakov, Chairman, Committee on Financial Markets of the State Duma of the Federal Assembly of the Russian Federation
Speakers
Mikhail Gaponov, Chairman of the Management Board, Assotsiatsiya Bank
Larisa Pavlova, Head, Volga-Vyatka Main Branch, Bank of Russia
Alexander Polonsky, Director, Banking Supervision Support Department, Bank of Russia
Bogdan Shablya, Head, Service for Ongoing Banking Supervision, Bank of Russia

17:30–18:40

Hotel Astoria, Conference hall 6 (first floor)
Parallel sessions Banks Session 1.4: RegTech and SupTech: Technological Transformation of Interaction between the Financial Industry and the Regulator The development of FinTech is providing new instruments to improve regulation and supervision. The digitalization of this area has not only led to ...
The development of FinTech is providing new instruments to improve regulation and supervision. The digitalization of this area has not only led to the emergence of RegTech and SupTech, but is spurring a transformation in the way regulators interact with financial market participants. This session will focus on the following topics:
Digitalizing supervision. A new perspective on risk and regulation.
The main trends in RegTech and SupTech: the use of AI, ML, and Big Data tools. The digitalization of reporting.
RegTech and SupTech solutions currently required by credit organizations. The need for assistance from the Bank of Russia in implementing such solutions.
A roadmap to implement RegTech and SupTech projects at the Bank of Russia.
Moderator
Vasily Pozdyshev, Deputy Governor, Bank of Russia
Speakers
Giuseppe Bruno, Director, Head of Support for Economics and Statistics, Bank of Italy
Laurent Camus, Representative of the FinTech Innovation Department, Bank of France
Johannes Turner, Director, Statistics Department, Oesterreichische Nationalbank (OeNB)
Alexander Vedyakhin, First Deputy Chairman of the Executive Board, Sberbank
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5 July

11:50–13:00

Hotel Astoria, Conference hall 6 (first floor)
Parallel sessions Banks Session 1.5: Infrastructure Projects for the Financial Market: Initial Results and Prospects A range of infrastructure projects for the financial market are currently being implemented in partnership with stakeholders. These include a remot...
A range of infrastructure projects for the financial market are currently being implemented in partnership with stakeholders. These include a remote biometric identification platform, a fast payment system, the Digital Profile infrastructure, and the Marketplace and Masterchain platforms.
These projects are at various stages of development, ranging from pilot versions to fully commercial products. However, they are all going to affect banks’ business models, as well as the financial market as a whole. This session will examine the results of launching these projects and the next steps in their development. Participants will also have an opportunity to present their questions to the speakers.
Moderator
Olga Skorobogatova, First Deputy Governor, Bank of Russia
Speakers
Oliver Hughes, Chairman of the Management Board, Tinkoff Bank
Vladimir Komlev, Chairman, Chief Executive Officer, National Payment Card System
Alexey Panferov, Vice Chairman of the Management Board, Sovcombank
Ilya Polyakov, Chairman of the Management Board, Rosbank
Dmitry Rudenko, President, Chairman of the Management Board, Post Bank
Vladimir Verkhoshinskiy, Chief Executive Officer, Member of the Board, Alfa-Bank

14:30–15:40

Hotel Astoria, Conference hall 6 (first floor)
Parallel sessions Banks Session 1.6: Macroprudential Policy: Aims, Means, Results Macroprudential policies became widespread throughout the world following the 2008 financial crisis.The focus on systemic risk rather than risks bo...
Macroprudential policies became widespread throughout the world following the 2008 financial crisis.
The focus on systemic risk rather than risks borne by individual market participants required the development of new tools. However, assessing how effective they are at strengthening financial stability is still a matter of heated debate among regulators. The Bank of Russia actively employs macroprudential policy instruments to reduce systemic risks in the financial system, but how do these measures affect banks, their business models, and strategies?
The latest global trends in applying macroprudential tools and evaluating their efficiency will also be examined.
Moderator
Elizaveta Danilova, Director, Financial Stability Department, Bank of Russia
Speakers
Patrizia Baudino, Senior Advisor, Financial Stability Institute, Bank for International Settlements
Alexander Danilov, Senior Director, Financial Institutions, Fitch Ratings
Dzhangir Dzhangirov, Senior Vice President, Sberbank
Ilya Polyakov, Chairman of the Management Board, Rosbank

16:00–17:10

Hotel Astoria, Conference hall 6 (first floor)
Parallel sessions Banks Session 1.7: The Development of the Deposit Insurance System This session will focus on the objectives of Russian banks in the deposit insurance system, together with the main aspects affecting growth in the ...
This session will focus on the objectives of Russian banks in the deposit insurance system, together with the main aspects affecting growth in the sector, and next stages. Discussions will take into account ambitious objectives aimed at improving the Russian banking sector, growing numbers of members in the deposit insurance scheme, and the insurance liability of the Deposit Insurance Agency (DIA). Participants will look at ways to ensure the self-sufficiency of the compulsory deposit insurance fund and the commensurate burden on banks, particularly with regard to approaches to forming a calculation base and a differentiated system of insurance premiums which takes a bank’s financial stability into account. International trends in the development of deposit insurance systems (the EU, BRICS) will also be examined, as will the potential of the emerging common financial market of the EAEU, and ways to harmonise the deposit insurance systems of EAEU member states in order to provide depositors with full and cross-border insurance coverage.
Moderator
Vasily Pozdyshev, Deputy Governor, Bank of Russia
Speakers
Thierry Dissaux, Chairman of the Board, Fonds de Garantie des Depots et de Resolution (FGDR), France
Daniel Dominioni, President, Bank Savings Protection Corporation (COPAB), Uruguay
Yury Isaev, General Director, Deposit Insurance Agency
Valery Tsialipka, Director General, Agency of Deposit Compensation, Republic of Belarus
Vladimir Šarić, Chairman of the Board of Directors, Deposit Insurance Agency, Republic of Serbia