Financial Markets: Increasing Complexity, Maintaining Stability

3–5 July 2019, ST. PETERSBURG


Programme


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4 July

11:50–13:00

Presidential Library,
Conference hall 2 (first floor)
Cross-sector sessions Session 7.1: Funding Entrepreneurship: A National Priority This session will focus on mechanisms to increase funding for SMEs. Representatives of the Ministry of Economic Development of the Russian Federati...
This session will focus on mechanisms to increase funding for SMEs. Representatives of the Ministry of Economic Development of the Russian Federation, development institutions, and the Moscow Exchange have been invited to take part in the discussion, which will cover the interconnections between the financial tools that contribute to growth of SME funding. In particular, the Small- and Medium-Sized Businesses and Support for Individual Entrepreneurship National Project will come under review, as will the Bank of Russia’s roadmap for the development of funding for small and medium-sized businesses. Special attention will be paid to the interconnection between all measures that could help increase financing for SMEs.
Moderator
Mikhail Mamuta, Head, Service for Consumer Protection and Financial Inclusion, Bank of Russia
Special guest
Muhammad Yunus, Professor, Founder of the Grameen Bank, Nobel Peace Prize Laureate of 2006
Speakers
Dmitry Golovanov, Chairman of the Board, SME Bank
Alexander Kalinin, President, All-Russian Non-Governmental Organization of Small and Medium-Sized Businesses OPORA RUSSIA
Gennadiy Margolit, Executive Director, Innovation and Investment Market, Moscow Exchange
Andrey Tarakanov, Deputy Director, Department for Investment Policy and Entrepreneurship Development, Ministry of Economic Development of the Russian Federation
Front row participant
Elena Dybova, Vice President, Chamber of Commerce and Industry of the Russian Federation

14:30–15:40

Presidential Library,
Conference hall 2 (first floor)
Cross-sector sessions Session 7.2: Digital Transformation and Cyber Risks in the Financial Sector The development of digital technologies, the emergence of new solutions and services, and the transfer of business processes into the digital space...
The development of digital technologies, the emergence of new solutions and services, and the transfer of business processes into the digital space can significantly improve customer experience and reduce companies’ costs. Regulators, meanwhile, also play an important role in digital transformation by creating the legal conditions for introducing innovations and implementing infrastructure projects that affect all financial market participants.
At the same time, in the context of the digitalisation of the entire economy, risks in the field of information security are growing, and therefore information security and cyber resistance are key factors for the success of any technical solution. Information security has been assigned to a separate project as part of the Digital Economy of the Russian Federation programme.
Moderator
Olga Skorobogatova, First Deputy Governor, Bank of Russia
Speakers
Olga Dergunova, Deputy President and Chairman of the Management Board, VTB Bank
Max Hauser, Partner, Managing Director, BCG
Stanislav Kuznetsov, Deputy Chairman of the Executive Board, Sberbank
Ilya Sachkov, CEO and founder, Group-IB
Artem Sychev, First Deputy Director, Information Security Department, Bank of Russia

16:00–17:10

Presidential Library,
Conference hall 2 (first floor)
Cross-sector sessions Session 7.3: Approaches to the Regulation of Financial Groups Currently, the lines between various types of financial intermediaries tend to blur, and even though their operations are specialised, they are in ...
Currently, the lines between various types of financial intermediaries tend to blur, and even though their operations are specialised, they are in fact managed by the same stakeholders and executives at the level of financial groups’ parent organisations. Capital, liquidity and risks are managed at a consolidated level within financial groups, and the specific risks which arise in the operations of these groups present a serious challenge to central banks and other regulators. Regulators’ activities to monitor these risks should be efficient, but not excessive. Session participants will have the opportunity to discuss plans of the Bank of Russia to introduce a new approach to regulating the operations of financial groups.
Moderator
Dmitry Tulin, First Deputy Governor, Bank of Russia
Speakers
Dmitry Levin, Deputy President – Chairman of the Board, Bank Otkrytie FC
Vasily Pozdyshev, Deputy Governor, Bank of Russia
Andrey Sokolov, Chairman of the Executive Board, ALFA-BANK

17:30–18:40

Presidential Library,
Conference hall 2 (first floor)
Cross-sector sessions Session 7.4: The Сontribution of Сorporate Governance to the Competitiveness of a Financial Institution Why do some banks have an effective strategy, while others have to undergo reorganisation? What is the difference between insurance companies that ...
Why do some banks have an effective strategy, while others have to undergo reorganisation? What is the difference between insurance companies that successfully attract strategic partners and build long-term business relations, and those that need to be bailed out or have their license withdrawn? While the reason in each case will vary, it often boils down to the corporate governance employed by the company, and in particular its financial governance.
How do the owner, directors and management work together to utilise corporate governance principles to promote growth and competitiveness of a financial organisation? Do independent directors have any influence on the situation? Is there a way to effectively manage the owners’ conflicts of interest?
Moderator
Oleg Vyugin, Chairman of Supervisory Board, Moscow Exchange; Chairman of the Board of the Directors, PJSC ‘SFI'
Speakers
Dmitry Eremeev, Chairman of the Board of Directors, Owner, Bank 131; President, FIX
Maria Gordon, Chairman, Supervisory Board Audit Committee, Independent Director, Moscow Exchange
Alexey Panferov, Vice Chairman of the Management Board, Sovcombank
Sergey Shvetsov, First Deputy Governor, Bank of Russia
Elena Titova, Independent Director, Otkritie FC Bank
Front row participant
Alexander Ikonnikov, Chairman, Supervisory Board, Independent Directors Association
.
5 July

11:50–13:00

Presidential Library,
Conference hall 2 (first floor)
Cross-sector sessions Session 7.5: Cyber Risks and Cyber Threats: Managing, Regulating, Insuring The rapid development of new digital tools and technologies, coupled with their extensive use on financial markets, has effectively reshaped the di...
The rapid development of new digital tools and technologies, coupled with their extensive use on financial markets, has effectively reshaped the digital environment. This has given rise to new challenges, particularly with regard to heightened risks. These risks are primarily related to threats to operations, information threats (cyber risk), and threats related to the growing interdependence between market participants due to the use of disruptive technologies. It is clear that all national regulators are, in one way or another, facing the need for specialised regulation in the field of information security risk management. One of the most pressing issues is evaluating the risk landscape and transforming risk management systems in order to tackle the most pressing issues in the new digital economy.
Moderator
Ilya Sachkov, CEO and founder, Group-IB
Speakers
Alexander Baranov, Deputy Director General, Chief Scientific Innovation Center, Federal Tax Service of Russia
Matvey Gering, Director for Central and Eastern Europe, SWIFT
Stanislav Pavlunin, Vice President, Director of Security, Post Bank
Boris Simis, Deputy CEO, Positive Technologies
Artem Sychev, First Deputy Director, Information Security Department, Bank of Russia

14:30–15:40

Presidential Library,
Conference hall 2 (first floor)
Cross-sector sessions Session 7.6: Compliance as a Part of Corporate Culture Large customer-focused financial companies that employ a risk-based approach approach to management invariably make compliance an important part of...
Large customer-focused financial companies that employ a risk-based approach approach to management invariably make compliance an important part of their corporate culture.
Abiding by the law and being guided by high ethical standards and integrity should be beneficial to all participants in the financial market.
Ultimately, this approach helps secure the integrity and attractiveness of the national financial market, enhances consumer protection, and maintains public confidence in financial institutions.
This session will focus on the main trends affecting the development of compliance in Russia; the role of compliance in building a corporate culture; regulatory arbitrage in compliance, including regulation in the Russian Federation as well as international standards and regulatory norms; and specific factors affecting the motivation of employees to observe a culture of compliance.
Moderator
Valery Lyakh, Director, Department for Countering Malpractice, Bank of Russia
Speakers
Yuriy Denisov, Chairman of the Management Board, Moscow Exchange
Sergey Ozerov, Chairman of the Management Board, Rusfinance Bank
Mikhail Polyakov, Chairman of the Management Board, Member of the Board of Directors, Nordea Bank
Front row participant
Olga Kryuchkova, First Vice President, National Financial Organization (NFA)