This flagship annual policy Summit – celebrating its 5th anniversary in 2022 – is an opportunity for financial regulators and financial institutions in Asia-Pacific to engage in discussion with the goal of advancing the future of financial services, while appropriately managing risks, including through the cloud . The Summit seeks to provide a platform to ask questions, share experiences, and foster senior executive connections among regulators and industry experts from Asia Pacific and beyond. This year’s Summit will be informed by a report by the IIF on decentralized finance and Web 3.0, to be released in the lead-up to the Summit.
The Summit will be conducted in English and comprises keynotes, presentations, fireside chats, and panel discussions. The Summit is an invitation-only closed-door event conducted under the Chatham House Rule.
Agenda
Time | Agenda |
09:00 - 09:30 | Registration |
09:30 - 09:40 | Welcome and Summit Kick Off |
09:40 - 10:00 |
Opening Keynote: Where Money, Finance, and Technology Meet - Positioning the Financial Sector for a Resilient Digital Economy |
10:00 - 10:30 | Presentation: IIF Report on Web 3.0 and Financial Services The IIF will publish a report in the lead-up to the Summit addressing Web 3.0 and decentralized finance (DeFi). The report will cover the future of finance, particular use cases and technologies, and potential challenges for implementation. It will also address the roles of TradFi, BigTech and cloud in the evolving ecosystem, and make recommendations for policymakers and the ecosystem. The IIF will unpack the findings of the report. |
10:30 - 11:30 | Panel: Web 3.0 and Financial Services Across Asia and globally, regulators are starting to address potential risks and challenges emerging around DeFi and Web 3.0, while acquiring a better understanding of how markets may operate in this space. This panel will feature a range of voices from different regulators and standard-setters to reflect on the direction of travel. Key topics covered will be: 1/ key regulatory initiatives underway; 2/ initial regulatory objectives and potential risks; 3/ vulnerabilities around DeFi and Web 3.0, including in the commingling of business and market operations. |
11:30 - 13:00 | Lunch [Optional] Tour of the Bank of Thailand Museum and history of Thai money every 30 minutes |
13:00 - 14:00 | Panel: DeFi, Web 3.0, and Payments – Delivering Value for the Wider Economy This panel will feature a range of private sector participants, and focus on: 1/ the roles of traditional financial institutions (TradFi), fintechs and bigtechs in the future of finance, 2/ use cases for DeFi in finance that may deliver the most value to clients and investors, and 3/ ways in which finance and commerce may become increasingly integrated. Participants will also explore the role of cloud infrastructure and services to experiment, deploy, and scale. |
14:00 - 15:00 | Panel: Emerging Technologies in Financial Services and the Impact on Financial Inclusion Asia is among those regions most active in exploring gamification as a means of increasing financial literacy and inclusion. Among the barriers to adoption of DeFi and other emerging financial channels may be steep learning curves for retail clients, complex interfaces, and novel or unknown risks (e.g. private key loss). While the metaverse, VR/AR, and gamification may appeal to younger investors, these may also exclude older clients. DeFi, embedded supervision, and attendant infrastructure may also present opportunities while raising questions. |
15:00 - 15:30 | Break |
15:30 - 16:15 | Panel: Web 2.5 – Bridging Aspirations for the Future and Today’s Fundamentals This panel will focus on how finance can be decentralized while still delivering security and scalability, and simultaneously being accountable to users and regulators. The panel will consider whether a partly decentralized, “Web 2.5”, may be the emerging paradigm in time. |
16:15 - 16:45 | Day 1 Closing – Fireside Chat with Michael Punke, Vice President, Global Public Policy, Amazon Web Services |
16:45 - 17:00 | Wrap-up and Reflections |
17:00 - 19:30 |
Evening reception at The Somdej Residence, Bangkhunprom Palace |
Agenda
Time | Agenda |
09:00 - 09:30 |
Breakfast |
09:30 - 10:00 | Day 2 Kickoff – Fireside Chat with Dr. Jens Lottner, Chief Executive Officer, Techcombank |
10:00 - 10:45 | Panel: Evolving Operational Resilience and Technology Risk Oversight for the Future Financial regulators globally are placing increasing importance on operational resilience aspects of financial services, including cybersecurity. Evolving financial infrastructure may place new pressures on operational resilience and tech risk oversight, including the relationship of financial institutions with third party technology providers. What will those considerations be and how might they impact risk management planning on a 2-year, 5-year, and 10-year horizon? |
Breakout Session Group A | |
10:50 - 11:35 |
Track 1 - The Future of RegTech/SupTech Ecosystem Track 2 - Reasonable Assurance through AWS Customer Assurance Program |
11:35 - 11:45 | Break |
Breakout Session Group B | |
11:45 - 12:30 |
Track 1 – Enabling Customer Privacy Risk Management Track 2 - Considerations for Confidential Computing in Financial Services Track 3 - Using Security in the Cloud to Improve your Security Posture |
12:40 - 13:00 | Closing Keynote – The Path Forward |
13:00 - 14:00 |
Lunch |