IMF High-Level Advisory Group Meets in Singapore to Deepen Discussions on Fintech

IMF News, March 1, 2019

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Canonical URL: IMF High-Level Advisory Group Meets in Singapore to Deepen Discussions on Fintech

Press Release No. 19/27
Date: March 1, 2019
Event: Second meeting of the High-Level Advisory Group on Finance and Technology, convened on November 14, 2018, alongside the Singapore FinTech Festival.
Co-chairs: Christine Lagarde (IMF Managing Director) and Ravi Menon (Managing Director, Monetary Authority of Singapore).

The Bali Fintech Agenda will serve as a framework for the Fund’s engagement with its members.
The Fund is deepening engagement with a broad range of public and private sector stakeholders following the launch of the Bali Fintech Agenda.
Data and cybersecurity were highlighted as priority areas:
- “Two of these are data and cybersecurity. Technology-driven advances in the collection, analysis and use of data are transforming economies, including the financial sector. These developments raise new and complicated questions regarding data ownership and use, as well as access and protection --- particularly as the number and sophistication of cyber-attacks continues to increase, including against the financial sector.” — Christine Lagarde
- “Realizing the full potential of Fintech while minimizing its risks requires coming to grips with issues related to data governance and cyber security – and this is what the advisory group focused its attention on during our meeting in Singapore.” — Ravi Menon

Develop specific work programs on fintech guided by the Bali Fintech Agenda as members’ needs become clearer.
Planned activities include research and policy analysis focusing on themes highlighted in the Bali Fintech Agenda, with particular attention to data governance and cybersecurity.

Jeremy Allaire, Chief Executive Officer, Circle
Dr. Long Chen, President, Alibaba Digital Economy Institute (formerly Chief Strategy Officer of Ant Financial Services Group)
Santiago Fernandez de Lis, Chief Economist of Financial Systems and Regulation, BBVA
Robert Garrison, Managing Director and Chief Information Officer, Depository Trust and Clearing Corporation
Sharon Yang, Deputy Assistant Secretary, International Financial Markets, US Treasury
Erwin Haryono, Head of Fintech Office, Bank Indonesia
Chris Larsen, Executive Chairman, Ripple
Klaus M. Löber, Head of Oversight Division, Directorate General Market Infrastructure and Payments, European Central Bank
Adam Ludwin, Chief Executive Office, Chain
Blythe Masters, Board Member, Digital Asset
Greg Medcraft, Director, Directorate for Financial and Enterprise Affairs, Organization of Economic Cooperation and Development
Professor Robert Merton, MIT Sloan
Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore
Mu Changchun, Deputy Director-General of the Payment and Settlement Department, People’s Bank of China
Patrick Murck, Fellow at the Harvard Berkman Klein Center
Marco Santori, President and Chief Legal Officer, Blockchain.com
Carolyn Wilkins, Senior Deputy Governor, Bank of Canada
Bradley J. Wiskirchen, Chief Executive Officer, Kount
Nasir Zubairi, Chief Executive Officer, Luxembourg House of Financial Technology

IMF Press Release No. 19/27, March 1, 2019.