London Training Series
London Training Series
Topics covered
| Leadership | Fintech | Currency | Balance sheets | Financial stability | AI & automation |
Presenters include
Laurent Clerc
Deputy director for general statistics, economics and international
Bank of France
Maxime-Edouard Laloire
Deputy head of finance & strategy
National Bank of Belgium
I am deputy head of Finance & Strategy and heading the Strategic planning, organization and Innovation management units within the National Bank of Belgium. Prior joinging the National Bank of Belgium in 2018, I worked 8 years at EY managing major transformation within the Financial Sector. Prior to that I worked for the United Nations in Mozambique (2010-2011) Accenture Consulting (4 years). I used to start in the Belgium army as Officer. My education: Master in International Relations, specialized in Ethnic Conflict resolution (University of Brussels & University of London) and Master in Business (Solvay Business School in Brussels).
Maria Nieto
Senior advisor for international economics
Bank of Spain
María J. Nieto is Senior Advisor in the Directorate of Financial Stability, Regulation and Resolution, at Bank of Spain where she has developed her career since December 2000. She is author of several articles on banking, financial stability and regulatory issues that have been published by prestigious peered reviewed journals and she is member of the Editorial Boards of the Journal of Banking Regulation and the Journal of Financial Regulation and Compliance. She has cooperated as consultant with the IMF and the Federal Reserve Bank of Atlanta and has worked at the ECB, Council of Economic Advisors to the Spanish President and the IMF. Ms Nieto earned a PhD cum laude from the Universidad Complutense de Madrid and MBA (finance) from the University of California Los Angeles.
John Fell
Deputy director general, macro-prudential policy and financial stability
European Central Bank
John Fell is Deputy Director General for Macroprudential Policy & Financial Stability in the ECB. He is also the chair or co-chair of several international working groups - including the Eurosystem’s Macroprudential Policy Group (MPPG), the European Systemic Risk Board’s (ESRB) Instrument Working Group (IWG), and the ESRB’s task force on stress-testing. He is a member of the ECB’s Financial Stability Committee (FSC), the ESRB’s Advisory Technical Committee (ATC), and the Financial Stability Board’s Standing Committee on Assessing Vulnerabilities (SCAV). He led the stress-testing work for the ECB’s “comprehensive assessment” in 2014 as well as EU-wide banking sector stress-tests coordinated by the Committee of European Banking Supervisors (CEBS) (2009, 2010) and the European Banking Authority (EBA) (2011, 2014). His crisis management experience is extensive, including negotiating EU/IMF financial assistance programs in several euro area countries (e.g. in Ireland, Portugal and Spain). Between 2003 and 2010, he was Head of the ECB’s Financial Stability Division, spearheading the inaugural issue of the ECB’s Financial Stability Review in 2004 and directing it thereafter. Before moving to the financial stability area in 2003, he was an Adviser in the ECB’s Monetary Policy Directorate. Prior to joining the ECB in 1998, as a principal economist, he held various positions at the European Monetary Institute (EMI) and the Central Bank of Ireland. John holds postgraduate degrees in Economics (1987) and in Finance (1993) from University College Dublin and Dublin City University respectively, and is a PhD candidate at the Rotterdam School of Management, Erasmus University. He has published his research in several academic and policy journals.
Kenneth Sullivan
Principal
Central Bank Consulting
Kenneth Sullivan's central banking career is built around periods as a senior financial sector expert with the International Monetary Fund and seven years at the Reserve Bank of New Zealand as chief manager of both accounting and corporate services. During his tenure the RBNZ developed new reporting frameworks that won accounting prizes for their transparency and completed a fundamental reorganisation of the bank. Prior to that he provided a financial management information system consultancy, held senior accounting roles in insurance and wholesaling, and worked in education. He has written on issues of central bank financial reporting, capital adequacy, organisation and accountability. 2014 saw publication of the book Financial Independence and Accountability for Central Banks that he edited with Martina Horakova of Central Bank Publications. Whilst at the IMF he represented the IMF on the International Financial Reporting Standards Advisory Council for 7 years and provided advice to over 90 central banks along with a secondment to a London bank working on structured finance.
Anjeza Beja
International consultant on central bank accounting and payments
International Finance Corporation
Anjeza Beja is an experienced financial sector expert currently working as an independent international consultant on central bank issues. She has provided technical assistance to more than 20 countries for the International Monetary Fund related to IFRS implementation and capital adequacy for central banks. She has also worked with the World Bank and Alliance for Financial Inclusion on projects related to payment systems and payment services. Currently, she is working as a Digital Financial Services Lead in Albania for International Finance Corporation.
Previously she spent 12 years with the Bank of Albania, 5 of which as Director of Payments, Accounting and Finance where, among other things, she was in charge of IFRS and IFRS 9 implementation. Before that she worked in the Supervision Department in several managerial positions.
She holds a PhD in Economics from University of Tirana and has a bachelor in Finance, Banking and a bachelor in Law. She has also completed a Leadership Program in Financial Inclusion from Fletcher School at Tufts University.
What's included:
Monday 19: Afternoon training session on leadership skills part 1, including a networking activity
Tuesday 20 - Thursday 22: Full-day training sessions with breakfast and lunch provided
Friday 23: Morning training session on leadership skills part 2, followed by an afternoon excursion
What's on the agenda?
London - 19th May
14:00 – 18:00
Welcome & Leadership skills part one
14:00 - 18:00
- Welcome to the London Training Series;
- Ice breaking activities and introduction to your peers
- Afternoon tea
London - 20th May
Innovating with Fintech, Regtech and Suptech: Enhancing inclusion and regulatory efficiency
08:00 – 09:00
Breakfast and networking
08:00 - 09:00
09:00 – 09:45
Chair introduction & ice breaker
09:00 - 09:45
- Interactive introductions to set the stage for collaboration
- Overview of the day’s objectives and themes
09:45 – 11:00
Fintech and financial inclusion
09:45 - 11:00
- How is fintech advancing financial inclusion?
- Real-world examples of impactful fintech initiatives
- Q&A and group discussion
11:00 – 11:30
Networking break
11:00 - 11:30
11:30 – 12:30
Workshop 1: Building innovation hubs
11:30 - 12:30
- Case study of an innovation hub created by a central bank or financial regulator
- Interactive group activity to outline steps for establishing an innovation hub
12:30 – 13:30
Lunch break & networking
12:30 - 13:30
13:30 – 14:15
Regulatory sandboxes
13:30 - 14:45
- Presentation on the purpose, benefits, and challenges of regulatory sandboxes
- Real-world examples of sandbox implementation by central banks
- Open discussion on lessons learned and best practices
14:15 – 14:30
Quick coffee break
14:45 - 15:00
14:30 – 15:15
Regtech and Suptech – transforming compliance and supervision
15:00 - 16:00
- Insights into Regtech tools for streamlining compliance and improving accuracy
- Discussion on Suptech’s role in proactive supervision and risk management
15:15 – 16:00
Workshop 2: Solutions for regulatory efficiency
16:00 - 17:00
- Group activity reflecting on key learnings from the day
- Collaborative brainstorming on actionable solutions for improving regulatory efficiency using Regtech and Suptech
Securing financial stability in a shifting global landscape
08:00 – 09:00
Breakfast and networking
08:00 - 09:00
09:00 – 09:30
Chair introduction & macro-overview
09:00 - 09:30
09:30 – 11:30
Morning Insights: Financial stability perspectives from advanced economies
09:30 - 11:30
This session features expert insights from central banks within Europe and the BIS's macro yet technical perspective, examining the impact of high interest rates, ballooning public debt, and subdued economic growth on financial stability. What key lessons can we draw from their experiences and approaches?
11:30 – 11:45
Coffee break
11:45 - 12:00
11:45 – 12:30
Workshop #1
11:45 - 12:30
Collaborative discussion and capturing key insights from the morning sessions
12:30 – 13:30
Lunch break & networking
12:30 - 13:30
13:30 – 15:30
Afternoon perspectives: Climate risks, emerging economies and its subsequent impact on financial stability
13:30 - 15:30
This session delves into how central banks are addressing climate risks while ensuring financial stability. Speaker 1 will explore approaches to stress testing and assessing climate risks, while Speaker 2 will focus on strategies employed by emerging economy central banks to tackle climate challenges alongside financial stability objectives.
15:30 – 15:45
Coffee break
10:45 - 12:00
15:45 – 16:30
Workshop #2: Actionable takeaways and solutions
15:45 - 16:30
An interactive, chair-led group discussion designed to distil key insights from the day's sessions. Participants will collaboratively explore solutions and actionable strategies, reflecting on lessons learned to enhance practical application.
London - 21st May
AI and automation: Leveraging data and managing risks
08:00 – 09:00
Breakfast and networking
08:00 - 09:00
09:00 – 09:30
Chair introduction & ice breaker
09:00 - 09:45
- Participants share their experience or interest in AI and automation
- Overview of the day’s themes and objectives
09:30 – 10:30
Exploring AI applications in central banking
09:45 - 11:00
- Speaker presentation on AI use cases in central banking, including monetary policy analysis and financial supervision
- Examples of successful AI implementation in cash payments and other operation
10:30 – 11:00
Networking break
11:00 - 11:30
11:00 – 12:30
Workshop 1: Addressing legal and regulatory challenges of AI
11:30 - 12:30
- Case study exploring legal and regulatory implications of AI, focusing on data privacy and compliance
- Interactive discussion on strategies for navigating the evolving AI policy landscape
12:30 – 13:30
Lunch break & networking
12:30 - 13:30
13:30 – 14:30
Managing risks and ethical considerations of AI
13:30 - 14:45
- Presentation on the risks and ethical challenges introduced by AI in financial systems
- Exploring strategies to mitigate operational and ethical risks
- Open discussion on balancing innovation with responsibility
14:30 – 14:45
Quick coffee break
14:45 - 15:00
14:45 – 15:15
Data management for AI and automation
15:00 - 16:00
- Insights on data collection, management, and analysis to support automation
- Exploring the benefits and risks of generative AI in central bank operations
15:15 – 16:00
Workshop 2: Solutions for leveraging AI and managing risks
16:00 - 17:00
- Collaborative group activity reflecting on the day’s discussions
- Brainstorming actionable strategies for implementing AI while mitigating risks
The evolution of currency: Balancing tradition with digital innovation
08:00 – 09:00
Breakfast and networking
08:00 - 09:00
09:00 – 09:45
Chair introduction & ice breaker
09:00 - 09:45
- Participants discuss their perspectives on the balance between physical and digital currency
- Overview of the day’s objectives and themes
09:45 – 11:00
The future of physical cash
09:45 - 11:00
- Speaker presentation on the ongoing role of cash in a digitalising world
- Discussion on societal impacts of declining cash use and strategies to maintain access
- Q&A and group discussion on preserving cash accessibility in diverse communities
11:00 – 11:30
Coffee and networking break
14:15 - 14:45
11:30 – 12:30
Workshop 1: Designing digital money
11:30 - 12:30
Interactive exploration of digital money design, including e-money, digital wallets, and CBDC architecture
Case studies of central banks’ approaches to e-money and CBDCs
12:30 – 13:30
Lunch break & networking
12:30 - 13:30
13:30 – 14:15
Modern payment systems and interoperability
13:30 - 14:45
- Speaker presentation on the evolution of payment systems and interoperability initiatives
- Discussion on future-proofing payment infrastructure
- Open dialogue on enhancing global payment system efficiency
14:15 – 14:30
Coffee break
14:45 - 15:00
14:30 – 15:15
Strengthening operational resilience in FMIs
15:00 - 16:00
- Insights into modernising Financial Market Infrastructures (FMI), focusing on RTGS updates
- Strategies for enhancing operational resilience amid digital and systemic challenges
- Q&A and group discussion on robust FMI approaches
15:15 – 16:00
Workshop 2: Balancing tradition and innovation in currency
16:00 - 17:00
- Reflective group activity synthesising the day’s insights
- Brainstorming actionable strategies for balancing physical and digital currency needs
London - 22nd May
Navigating central bank balance sheets: strains and solutions
08:00 – 09:00
Breakfast and networking
08:00 - 09:00
09:00 – 09:30
Chair introduction & opening remarks
09:00 - 09:30
09:30 – 10:30
The role of the central bank balance sheet
09:30 - 10:30
- Exploring the central bank’s balance sheet as the ultimate means of settlement
- Understanding its importance in providing trust and stability in the economy
10:30 – 11:30
Key components of the central bank balance sheet
10:30 - 11:30
- Breakdown of liabilities and balance sheet risks (e.g., banknotes, commercial bank reserves).
- Overview of assets (e.g., foreign assets, government balances).
11:30 – 11:45
Coffee break
11:45 - 12:00
11:45 – 12:30
Workshop #1 : Group Discussion: Interpreting balance sheet changes
11:45 - 12:30
How do changes reflect policy objectives and economic conditions
12:30 – 13:30
Lunch break & networking
12:30 - 13:30
13:30 – 14:30
Legal counsel and technical issues in balance sheet activities
13:30 - 14:30
14:30 – 15:30
Recent trends and crisis response
14:30 - 15:30
Impact of unconventional monetary policies and crisis interventions on balance sheet structures
15:30 – 15:45
Coffee and networking break
15:30 - 16:00
15:45 – 16:30
Workshop #2: Insights and Applications
15:45 - 16:30
Applying knowledge to hypothetical scenarios and case studies to interpret central bank policies
DLT, blockchain, and open finance: Innovations, risks, and collaborative potential
08:00 – 09:00
Breakfast and networking
08:00 - 09:00
09:00 – 09:30
Chair introduction
09:00 - 09:30
- Brief overview of the day’s objectives
09:30 – 10:45
Introduction to DLT and blockchain
09:30 - 10:45
- Overview of technology and concepts: Understanding DLT and blockchain fundamentals
- Differences from traditional financial systems: Exploring what sets DLT apart
- Use cases in central banking: Applications for settlement, record-keeping, and transparency
10:45 – 11:15
Networking break
10:45 - 11:15
11:15 – 12:30
DLT and central bank operations
11:15 - 12:30
- Streamlining central bank functions: Cross-border payments, security, and operational efficiency
- Governance and consensus mechanisms: Building effective and secure DLT networks for central banks
12:30 – 13:30
Lunch break & networking
12:30 - 13:30
13:30 – 14:30
Risk management and regulatory challenges
13:30 - 14:30
- Key risks: Security, scalability, and privacy in blockchain systems
- Regulatory challenges: Frameworks and strategies for secure DLT adoption
- Enhancing financial stability: Leveraging DLT’s potential responsibly
14:30 – 14:45
Quick coffee break
14:30 - 14:45
14:45 – 15:45
Panel discussion and case studies: DLT in practice
14:45 - 15:45
- Real-world applications: Examples from central banks globally
- Pilot projects and experiments: Insights into successes, challenges, and emerging trends
- Future of DLT in central banking: Next steps and opportunities
15:45 – 16:00
Closing remarks and takeaways
15:45 - 16:00
London - 23rd May
08:00 – 09:00
Breakfast and networking
08:00 - 09:00
09:00 – 12:00
Leadership skills part two
09:00 - 12:00
- Defining leadership in central banking
- How can central banks attract, nurture and retain talent?
- Ethical leadership: guiding with integrity and purpose
- Exploring your leadership style
12:00 – 14:00
Lunch break
12:00 - 13:30
14:00 – 18:00
Afternoon excursion
14:00 - 18:00
Learning outcomes
Download the brochure to view the learning outcomes.
Training venue
The training will be held in the heart of London at The Wellington Hotel.
If you wish to stay nearby the venue, please click the link here which will take you to a map of all the surrounding hotels.
Contact us
Interested in speaking?
Jade Mitchell
Head of Training Production