Speakers
Chair
Petra Hielkema
Chairperson - European Insurance and Occupational Pensions Authority (EIOPA)
Public Authorities
Nathanaël Benjamin
Executive Director of Financial Stability Strategy and Risk & member of the Financial Policy Committee - Bank of England
Tsvetelina Penkova
MEP - Committee on Industry, Research and Energy, European Parliament
Frans van Bruggen
Senior Policy officer FinTech & Artificial Intelligence - De Nederlandsche Bank (DNB)
Industry Representatives
Matthias Peter
Partner, Financial Services - KPMG
Emily Prince
Group Head of Analytics - London Stock Exchange Group (LSEG)
Andrew Vennekotter
Head of Security Regulatory Engagement, Europe - Amazon Web Services (AWS)
Objectives
This session will first explore the latest trends in terms of AI and cloud adoption in the financial services sector, the opportunities and challenges for the financial sector associated with the use of these technologies and the implementation challenges they are facing.
The panel will then analyse how current and upcoming digital and financial regulations are expected to influence the adoption of AI and cloud in the financial sector and what further policy measures may need considering by the incoming Commission to support the continued uptake and safe implementation of AI and cloud technologies in financial services.
Points of discussion
- AI and cloud computing trends: How is the uptake of AI and cloud services progressing in the financial sector and what are the future prospects? What are the related opportunities for financial players and their customers? What are the challenges to overcome for the successful implementation of these solutions in the financial sector? Are any significant new risks appearing with the increasing use of these technologies?
- Policy impacts and priorities: Do the existing EU financial, digital and data regulations provide an adequate framework for the development of AI and cloud in the financial sector? Are there major issues remaining to be tackled or clarified to ensure a successful implementation of the AI Act in the financial sector? Are the main jurisdictions approaching the deployment of AI and cloud computing in the financial sector in a consistent manner? Does more need to be done in the EU in terms of policy or standardization to facilitate AI and cloud adoption?