24th Seminar on Financial Market Infrastructures
Bank of Finland Seminar on Financial Market Infrastructures
27-28 August 2026 in Helsinki, Finland
Preliminary Programme
(The programme is subject to change)
Thursday 27 August |
|
|---|---|
| 8:30 | Registration |
| 9:00 |
Welcome and Opening Remarks |
| 9:15 |
Keynote Speech: From FMIs to DeFi and Back Again |
| 10:05 |
Assessing the Factors That Promote Adoption and Use of a CBDC Wallet: Evidence from Peru Co-authors: Marcelo Paliza, Elmer Sánchez (Central Reserve Bank of Peru) Discussant: Kasperi Korpinen, Bank of Finland |
| 10:45 | Break |
| 11:00 |
Hidden by Complexity - How to Measure the Stablecoin, Crypto and Decentralised Finance Ecosystem? Co-authors: Timothy Aerts, Ronald Heijmans, Jan Paulick (Bank for International Settlements, De Nederlandsche Bank) Discussant: Henning Beckmann, Deutsche Bundesbank |
| 11:40 |
Making or Breaking the Peg? Predicting the Betelgeuse Moment of Stablecoins Co-authors: Maha Abbassia, Eleonora Basilicoa, Paul Graub, Frank Heijnen, Urszula Kochanskaa, Maria Cristina Molero Blazquez, Laura Painelli, Nico Salemans and Olivier Wolff (European Central Bank, Deutsche Bundesbank, De Nederlandsche Bank, Banco de Espana, Banca d’Italia) Discussant: Tatu Räsänen, Bank of Finland |
| 12:20 | Lunch |
| 13:40 |
Liquidity-saving-mechanism Efficiency in Security Settlement Systems Co-author: Carlos Arango (Central Bank of Colombia) Discussant: Ilaria Gianstefani, European Central Bank |
| 14:20 |
Payment Initiation and Transaction Costs Co-authors: Ka Kei Chan, David Skeie (Loughborough University) Discussant: Matti Hellqvist, Bank of Finland |
| 15:00 | Break |
| 15:30 |
Cash Saves the Day: How Cash Infrastructure Enhances Resilience During a Card Payment System Outage Co-authors: Aurel Ruben Mäder, Yves Nacht, Daniel Gatica-Perez (Swiss National Bank) Discussant: Harry Leinonen, PSS Consultancy |
| 16:10 |
Diffusion of Instant Payments in Switzerland Discussant: Andi Widianto, Bank Indonesia |
| 16:50 | Summary and Closing Remarks |
Friday 28 August |
|
|---|---|
| 9:00 |
AI/ML Applications in Granular Payment System Data: Enhancing Macroeconomic Forecasting and Anomaly Detection in Financial Markets Discussant: Alistair Milne, Loughborough University |
| 9:40 |
Strategic Interactions of AI Agents in Payment Systems Co-authors: Furkan Danisman, Ajit Desai, Francisco Rivadeneyra and Talha Azad (Bank of Canada) Discussant: Gergely Balla, European Central Bank |
| 10:20 | Break |
| 10:50 |
The Safety Valve: A Comparative Stochastic Agent-Based Model of CBDC-Induced Bank Runs Under Geopolitical Shock in Finland, Germany, and Lithuania Discussant: Karol Karpinski, World Bank |
| 11:30 |
Enhancing RTGS Liquidity Efficiency Through Payment Pre‑Processing Co-authors: Kasperi Korpinen, Christopher McMahon, Mykhailo Moroz, Alex Ostrovsky, Jean-Paul Lam, Donald McGillivray and Thomas Lo (Bank of Finland, GoodLabs Studio, University of Waterloo) Discussant: Robert Hofmeister, European Central Bank |
| 12:10 | Lunch |
| 13:10 |
The Cost of Stablecoins as Settlement Token: a Case Study Based on Ethereum Data Co-authors: Massimo Ferrari Minesso, Gianluigi Lopardo (European Central Bank) Discussant: Simo Ryynänen, Bank of Finland |
| 13:50 |
Signals Without Scale: Stablecoins and Retail Payments Discussant: Ruth Kaila, Aalto University |
| 14:30 | Closing Remarks |
| 14:50 | Seminar Concludes |
Scientific committee: Anneke Kosse (Bank for International Settlements), Ronald Heijmans (De Nederlandsche Bank), Esa Jokivuolle (Bank of Finland), Tatu Laine (Bank of Finland) and Matti Hellqvist (Bank of Finland)
For inquiries, please contact Tatu Laine (tatu.laine@bof.fi).
