Speakers
Chair
Ondřej Kovařík
MEP - Committee on Economic and Monetary Affairs, European Parliament
Public Authorities
Salvador Estevan Martínez
General Manager of Digitalization and Artificial Intelligence - Ministry of Economy and Digitalization, Spain
Tsvetelina Penkova
MEP - Committee on Industry, Research and Energy, European Parliament
Veiko Tali
Deputy Governor - National Bank of Estonia (Eesti Pank)
Industry Representatives
Ksenia Duxfield-Karyakina
Government Affairs and Public Policy - Google Cloud
Barbara Navarro
Head of Research and Public Policy - Banco Santander
Objectives
This session will first discuss the potential impacts of the use of new technologies on the competitiveness of European financial markets, the conditions for reaping the full benefits of technology in this regard and whether these evolutions are supported by the existing policy frameworks and those being implemented.
The panel will also assess the impacts of technology in terms of resilience and how to tackle new vulnerabilities created or amplified by technology and ensure that the benefits of technology in terms of resilience outweigh the potential risks created.
Points of discussion
- What are the expected impacts of AI and digital transformation in terms of competitiveness of the financial sector? What are the operational conditions (e.g. in terms of data, IT infrastructure, etc…) for reaping the benefits of technology? Is the regulatory and supervisory framework adequately supporting these evolutions and should the policy approach to digitalisation change to enhance competitiveness effects?
- What are the impacts of digitalisation in terms of resilience and stability? Does digital transformation create new vulnerabilities and if so how to tackle them? Can it enhance the resilience of the financial sector? How to ensure that the benefits from new technologies in terms of resilience outweigh the risks?