IMF Conference
The Advent of Crypto Banking: A New Paradigm for Central and Commercial Banking
Blockchain: Opportunities for Private Enterprises in Emerging Markets
Distributed ledger technology in payment, clearing and settlement
The economics of distributed ledger technology for securities settlement
Fintech: Is This Time Different? A Framework for Assessing Risks and Opportunities for Central Banks
Fintrek: Exploring New Frontiers in Fintech Investments in East Africa
How money is created by the central bank and the banking system
How Technology Creates Markets: Trends and Examples for Private Investors in Emerging Markets
Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?
Swedish Riksbank Notes and Enskilda Bank Notes: Lessons for Digital Currencies
Unlocking the Potential of Financial Innovation for sub-Saharan Africa
Organized by the Bank of Botswana (BoB), International Monetary Fund (IMF) and Bank of Canada (BoC)
July 9-10, 2018
July 9-10, 2018
| Monday, July 9, 2018 | |
| 8:00 – 8:15 | Registration |
| 8:15 – 8:25 | Welcome Speech: Moses Dinekere Pelaelo, Governor, Bank of Botswana |
| 8:25 – 8:40 | Opening remarks: Onkokame Kitso Mokaila, Minister of Transport and Communications, Botswana |
| 8:40 – 8:50 | FinTech in sub-Saharan Africa: What are the new issues for policymakers? Opening remarks and presentation by Anne-Marie Gulde-Wolf, Deputy Director, African Department, IMF (Photo Session; all participants) |
| Session I |
Can Fintech Transform sub-Saharan Africa? Moderator: Kealeboga Masalila, Deputy Governor, BoB |
| 9:10 – 10:10 |
FinTech and The Transformation of Financial Systems, presentation by Scott Hendry, Special Director for FinTech, BoC Technological innovation in financial services could transform the financial system in sub-Saharan Africa but realizing the benefits of fintech, while guarding against the risks it could create, requires strong collaboration among actors and peers in the financial system |
| 10:10 – 10:30 |
Tea Break Moderator: Ewetse Rakhudu, General Counsel, BoB |
| 10:30 – 11:00 | The Payment System and Fintech Developments in Ghana, presentation by Eric Yaw Kumi and Grace Badger, Payment Systems Department, Bank of Ghana |
| 11:00 – 11:30 | Fintech and Mobile Payments Developments in Mauritius, presentation by Vikram Punchoo, Second Deputy Governor of the Bank of Mauritius |
| 11:30 – 12:00 | Tea Break |
| 12:00 – 13:00 |
Kenya’s Digital Transformation, presentation by Mohammed Nyaoga, Chairman, Central Bank of Kenya, Board of Directors |
| 13:00 – 14:45 |
Lunch Keynote Speech: FinTech and Cross-Border Payments, Dong He, Deputy Director, Monetary and Capital Markets Department, IMF (TBC) |
| Session II |
Distributed ledger technologies (DLT) and wholesale payment systems Moderator: Rodolfo Maino, IMF |
| 14:45 – 15:45 |
Can Project Jasper be replicated in sub-Saharan Africa? presentation by Dinesh Shah, e-Money & financial technology research program manager at BoC Payments Canada, the Bank of Canada, major Canadian banks and technology consortium R3 began an ambitious project–code-named Jasper. Its goal was to build and test an experimental wholesale interbank payment system, using Distributed Ledger Technologies. |
| 15:45 – 16:00 | Coffee Break |
| 16:00 – 16:45 |
Distributed Ledger Technology in Payment, Clearing, and Settlement, presentation by Arif Ismail, Head of the Fintech Executive Management Department at the Reserve Bank of South Africa and member of the Committee on Payments and Market Infrastructures and the Markets Committee (BIS). Analytical framework to review and analyze DLT arrangements to identify opportunities and risks, and support trust. A key public policy objective for payment, clearing and settlement arrangements is to identify, monitor and manage material risks that may arise from their use. |
| 16:45 – 17:45 |
Fintech, Inclusive Growth, and Cyber Risks: What can be learnt from the Middle East and North Africa Regions, presentation by Inutu Lukonga, IMF |
| 18:00 – 19:30 | Dinner cocktail |
| Tuesday, July 10, 2018 | |
| Session III |
FinTech, DLT, and Financial Inclusion Moderator: Scott Hendry, Special Director for FinTech, BoC |
| 8:00 – 8:30 | Impediments to FinTech’s Growth Potential in sub-Saharan Africa, presentation by Rodolfo Maino, IMF |
| 8:30 – 9:00 | Digitally delivered Financial Services in Tanzania, presentation by Emmanuel M. Mung’ong’o, Manager Micro-Surveillance, Financial Stability Directorate. Bank of Tanzania |
| 9:00 – 9:45 | Blockchain in Development: Regulatory Challenges, presentation by Mary Mwangata, East Africa Legal and Compliance Specialist, BitPesa |
| 9:45 – 10.00 | Tea Break |
| Session IV |
FinTech and Central Banking Moderator: Oabile Mabusa, Chief Executive Officer, Bankers Association of Botswana |
| 10:00 – 10:30 | The mechanics of DLT, presentation by Dinesh Shah, e-Money & financial technology research program manager at BoC |
| 10:30 – 11:15 |
The possible need for regulating the crypto ecosystem, presentation by Ms. Kirsten van Driel, De Nederlandsche Bank While crypto’s and tokens could be a new means of payment and a possible new way of market finance, there are risks regarding financial and economic crime that should be addressed. There is a need to regulate the different market players that comprise the crypto ecosystem to mitigate risks associated with crypto’s and tokens. |
| 11:15 – 11:30 | Tea break |
| 11:30 – 12:30 | Potential Effects of Fintech on Banking, presentation by Francisco Rivadeneyra, Research Advisor, BoC |
| 12:30 – 14:00 |
Lunch Keynote Speech by Moses Dinekere Pelaelo, Governor, BoB |
| Session V |
Payments and Central Bank Digital Currencies Moderator: Dong He, Deputy Director, Monetary and Capital Markets Department, IMF |
| 14:00 – 14:45 | E-money and payments policy, presentation by Francisco Rivadeneyra, Research Advisor, BoC Discussing the responsibilities of central banks in the areas of payments systems, monetary policy, and financial stability and the trade-offs faced by central banks in the decision to issue new forms of e-money. |
| 14:45 – 16:00 |
Central Bank Digital Currencies, presentation by Arif Ismail, Head of the Fintech Executive Management Department at the Reserve Bank of South Africa and member of the Committee on Payments and Market Infrastructures and the Markets Committee (BIS). A high-level overview of the implications of central bank digital currencies for payments, monetary policy and financial stability. |
| 16:00 – 16:15 | Wrap up and closing. Anne-Marie Gulde-Wolf, Deputy Director, African Department, IMF |
Objectives
