Technology advancements are driving the digitalization of financial markets, and large-scale investment in new emerging technologies are fundamentally changing the operating environment as finance is becoming more data driven. While these innovations in artificial intelligence and big data have the potential to engender new systemic vulnerabilities in financial markets, they can also serve as the next generation foundation for safeguarding financial stability.

As the impact of data and technology on finance is becoming more pronounced, the Bank of Finland is hosting a conference entitled Data Driven Financial Stability: Opportunities and Challenges in Big Data on 2–3 December.

TOPICS AND PROGRAMME

The program will deal with the following themes

  • New data centric risks and opportunities
  • Alternative data and data mining as a source of new insight
  • Artificial intelligence (AI) and cloud platforms
  • Collaboration and open source initiatives
  • The future of financial stability

The conference will take place on 2-3 December 2019 at Finlandia Hall in Helsinki and it includes keynotes and panel discussions. 

The conference will be streamed and following live stream does not require separate registration.

TARGET GROUP

We welcome central bankers, supervisors, market participants, fintechs, academics and experts of the conference topics to participate in the conference. 

Participation in the conference is free.

PROGRAMME

CONFERENCE DAY 1, MONDAY 2 DECEMBER

09:00-10:15 Introductory speeches, Presentations

09.00-09:15 Olli Rehn, Governor, Bank of Finland, Recording

09:15-10:15 Bruno Tissot, Head of Statistics and Research Support, Bank of International Settlements, Recording

10:45-12:15 Session 1 Data driven transformation, Presentations

10:45-11:15 Louis Marc Ducharme, Chief Statistician and Data Officer, and Director Statistics Department, International Monetary Fund, Recording

11:15-11:45 Jon Frost, Senior Economist, Innovation and the Digital Economy unit, Bank of International Settlements, Recording

11:45-12:15 Robert Macrae, Research Associate, Systemic Risk Centre, Recording

13:45-14:15 Session 2 Understanding the risks in complex technologies, Presentations

13:45-14:15 Meeri Haataja, Chief Executive Officer, Saidot, Recording

14:15-15:15 Session 3 Identifying interconnectedness, Presentations

14:15-15:45 Tuomas Peltonen, Deputy Head of the Secretariat, European Systemic Risk Board, Recording

14:45-15:15 Jan-Willem Ophof, Global FSI Technology Strategist, Microsoft & Vadim Sobolevski, Co-founder, FutureFlow, Recording

15:45-16:15 Session 4 Collaboration and open source initiatives, Presentations

15:45-16:15 Jacopo Grazzini, Statistical Officer, Eurostat, Recording

16:15-16:45 Session 5 Opportunities and barriersin technology adoption and innovation

16:15-16:45 Ginger Jin, Amazon Scholar, Amazon, Recording

CONFERENCE DAY 2, TUESDAY 3 DECEMBER

09:00-10:00 Session 6 Alternative data and data mining as a source for new insight, Presentations

09:00-09:30 Edgar Meij, Head of AI Discovery, Bloomberg, Recording

09:30-10:00 Markus Tibblin, Chief Data Officer, Sveriges Riksbank, Recording

10:30-11:00 Session 7 New trends shaping financial services

10:30-11:00 Matthew Blake, Head of Financial and Monetary Systems Initiatives, World Economic Forum, Recording

11:00-12:40 Session 8 Future of financial stability, Presentations

11:00-11:20 Klaus Wiedner, Director, DG Financial Stability, Financial Services and Capital Markets Union, European Comission, Recording

11:20-11:40 Steffen Kern, Chief Econimist and Head of Risk Analysis, European Securities and Markets Authority, Recording

11:40-12:00 Heli Koski, Research Director, Research Institute of the Finnish Economy & Aalto University, Recording

12:00-12:40 Panel discussion hosted by Aleksi Grym, Head of Digitalisation, Bank of Finland, Recording