25-26 APRIL 2019
THE HAGUE

CR Webinar Series

Crypto Asset Regulation –What can we expect from the results of the recent European Commission consultation?

15 July at 2:00 pm - 3:00 pm BST (3:00 pm - 4:00 pm CET)

The European Commission is to publish soon an impact assessment based on the findings of its consultation on possible Crypto Assets Regulation. A Crypto Asset related legislative framework may then be published in the autumn. Lots of banks have responded to this, some with great concern with regard to what the Commission will announce.

Is the existing legislation (MIFID II and EMD2) fit for purpose or should they be modified? And if so, how?

Is there a risk of protectionism from the European Commission and the stifling of innovation?

What now for those currently classed as ‘non-financial instruments’ such as Stablecoins/Libra?

What are the AML/CFT implications?

Panelists:

Maxime Boonen
CEO B2C2

Max Boonen is founder and CEO of B2C2, one of the largest cryptocurrency liquidity providers and the leader in electronic OTC trading. The firm is trusted by retail brokerages, exchanges, banks and fund managers to provide 24/7 liquidity. Previously, Max was a trader at Goldman Sachs in the Fixed Income, Currencies and Commodities department in London.

Stephane Leloup
Bitstamp

Stéphane Leloup is one of the authorized Directors of Bitstamp Europe SA, a licensed payment institution located in Luxembourg. He is also the Compliance Counsel Europe.

The Bitstamp Group is the oldest crypto-currency exchange and has more than 4mio of registered users.

He has worked for more than 17 years on compliance-related matters, with a specific focus on AML.

Stéphane previously worked as compliance officer or head of compliance for JP Morgan Bank, State Street, Société Générale and ArcelorMittal. Additional, he is providing training an consultancy for banks and government in the middle east on the prevention of money laundering and the financing of terrorism. He has been recently nominated as expert for the private sector at the FATF.

Patricia Risso
Bitso

Patricia Risso is the Head of Regulatory Risk and MLCO at Bitso, a Mexican Bitcoin exchange that operates a BTC/MXN market, with support for instant deposits and withdrawals through Mexico’s SPEI banking system. Bitso is regulated and licensed by the Gibraltar Financial Services Commission.

Patricia began her career with the Gibraltar Financial Services Commission (GFSC). Since then she has held a number of senior compliance positions in various financial organisations.

Patricia more recently built up a strong Financial Services client portfolio within one of the biggest law firms in Gibraltar advising an international client base which includes investment managers, e-money institutions, banks as well as Fintech, Blockchain and DLT Companies.

She has also been at the forefront of developments in the various aspects of business in the fintech space, including digital currency, blockchain and distributed ledger technology in Gibraltar. She has been involved in advising and providing consultancy services to a number of blockchain start-ups and businesses crossing over from the blockchain into the financial services space and is considered to be one of the leading SME ́s in Gibraltar.

Jan Ceyssens
European Commission

Jan Ceyssens is Head of the “Digital Finance” Unit in the Directorate General for Financial Stability, Financial Services and Capital Markets Union at the European Commission. He was previously Member and Deputy Head of the Cabinet of Vice President Dombrovskis and Member of the Cabinet of Vice-President Barnier, and Team Leader for Financial Supervision at the European Commission’s Internal Markets and Services Directorate General.

He graduated in law from Humboldt University in Berlin and holds a Masters degree in European Law from King’s College London. He works at the European Commission since 2006, initially in the Directorate General for Competition’s Cartels enforcement Directorate and since 2009 in the Internal Markets and Services Directorate General.

Moderator:

Monica Monaco

Monica Monaco
Trust EU Affairs

Based in Brussels for the past 16 years, Monica Monaco is the founder and managing director of TrustEuAffairs. TrustEuAffairs advises its clients on Eu legislative relevant initiatives. Monica is a member of the Society of European Affairs Professionals (SEAP) since 2004, and served as a member of the SEAP Board from May 2012 to May 2015.

Furthermore, Monica is Member of the Europol Virtual Currencies Taskforce and also Member of the European Commission Payment Systems Market Expert Group (PSMEG). Monica’s areas of focus are financial services, payment systems and technology, new payments means such as mobile and crypto, as well as e-commerce.

Monica has been Senior Manager for EU Relations and Regulatory Affairs in the Legal Department of Visa Europe for more than ten years, being responsible for the relations with the European Commission, the European Parliament and the European Council Working Group on Financial Services, as well as with various national regulators.

Before joining Visa Europe she has been working as a Consultant for both Andersen, Deloitte & Touche and the OECD in Paris, dealing with a variety of financial services matters. She also worked for the Council of Europe in Strasbourg, in the Committee on Parliamentary and Public Relations.

Monica holds a Master’s Degree in Economics, European Law oriented, from L.U.I.S.S.Guido Carli University in Rome, Italy.

Financial Inclusion In the Context of the New European Consumer Credit Directive

7 July at 2:00 pm - 3:00 pm BST (3:00 pm - 4:00 pm CET)

Following the ongoing review of the Consumer Credit Directive by the European Commission, this looks at this webinar explores the implications for the European economy and some of the wider issues around Financial Inclusion

  • What needs to happen to improve Financial Inclusion for the unbanked, elderly and financially excluded?
  • In the light of the COVID-19 crisis what initiatives should be introduced to help the financially excluded?
  • Is there a viable alternative to cash in this context?
  • How can the process to access credit/personal loans be more inclusive?

Speakers:

Monica Monaco

Monica Monaco
Trust EU Affairs

Based in Brussels for the past 16 years, Monica Monaco is the founder and managing director of TrustEuAffairs. TrustEuAffairs advises its clients on Eu legislative relevant initiatives. Monica is a member of the Society of European Affairs Professionals (SEAP) since 2004, and served as a member of the SEAP Board from May 2012 to May 2015.

Furthermore, Monica is Member of the Europol Virtual Currencies Taskforce and also Member of the European Commission Payment Systems Market Expert Group (PSMEG). Monica’s areas of focus are financial services, payment systems and technology, new payments means such as mobile and crypto, as well as e-commerce.

Monica has been Senior Manager for EU Relations and Regulatory Affairs in the Legal Department of Visa Europe for more than ten years, being responsible for the relations with the European Commission, the European Parliament and the European Council Working Group on Financial Services, as well as with various national regulators.

Before joining Visa Europe she has been working as a Consultant for both Andersen, Deloitte & Touche and the OECD in Paris, dealing with a variety of financial services matters. She also worked for the Council of Europe in Strasbourg, in the Committee on Parliamentary and Public Relations.

Monica holds a Master’s Degree in Economics, European Law oriented, from L.U.I.S.S.Guido Carli University in Rome, Italy.

Francesco Gaetano
European Commission

Francesco Gaetano is a policy officer of the European Commission, Directorate General for Justice and Consumers. He deals since several years with consumer protection issues, mostly in the area of financial services, following with particular attention the problems related to households’ overindebtedness.

In this area, he has coordinated the EU Commission Study on households’ overindebtedness of 2013, the Workshop on Debt-Advice of June 2015, the “Debt Advice Stakeholders Forum” of October 2018, and is now leading a project aimed at identifying funding needs, facilitating the exchange of best practices and the organisation of capacity building sessions, with the idea of making debt-advice services available for all EU citizens

Elona Morina
European Banking Federation

Elona Morina is Policy Advisor at the European Banking Federation (EBF), where she coordinates the work on retail financial services and assesses the core EU policies concerning retail banking and consumer protection. She is also dealing with COVID-19 related issues affecting the retail sector, such as moratoria.

Elona holds a M.A. degree in European Interdisciplinary Studies at the College of Europe as well as at the University of Padua. Previously, she has worked at the Luxembourg Bankers’ Association (ABBL) and Association of the Luxembourg Fund Industry (ALFI), as well as at the Generali Group.

Roeland Van Der Stappen
Visa

Roeland Van der Stappen is Head of Regulatory Affairs for Europe at Visa since November 2018. Based in Brussels, he coordinates Visa Europe’s approach to EU regulatory and policy discussions, shaping outreach and advocacy strategy in Brussels and in the region. Roeland has been working in the financial sector for more than 10 years. Prior to joining Visa, Roeland served as Vice President of Government Policy and Public Relations at Barclays, with a focus on digital banking and FinTech policy issues.

Moderator:

Gregoire Toussaint

Greg Toussaint
Edgar, Dunn & Company

Greg Toussaint is a Director at Edgar, Dunn & Company (EDC) based in the Paris office. He has more than 14 years of consulting experience with EDC in business strategy for financial services clients in multiple Asian, European and North American countries. Greg has worked in EDC London’s, Sydney’s and Paris’ offices and developed global perspectives on payments. He has gained extensive knowledge in mobile payments,retail payments, card products and alternative forms of payments while working for a diversity of actors in the payments space (e.g. issuing and acquiring banks, merchants, payment schemes and payment providers). In particular, Greg has developed significant expertise in the travel payment space. Greg has worked extensively with both demand-side clients (e.g. airlines such as AirFrance, hotels such as AccorHotels, rail operators such as SNCF) and supply-side clients (e.g. schemes such as UATP, issuers such as BNP Paribas or niche actors such as AirPlus or WEX). For instance, Greg led an extensive RFI and RFP process for IATA to select providers for IATA EasyPay (a pay-as-you-go wallet for travel agents) in more than 100 countries Greg holds a Masters in Applied Mathematics and Computer Sciences from both Grenoble Institute of Technology in France and Barcelona Tech (UPC) in Spain.

A Spotlight on Retail CBDCs

10th June 2020, 14:00 – 15:00 CEST

Join Currency Research in their current webinar series and listen in on experts discussing the research developments and projects focused on retail CBDCs as well as the greater impact these may have. Will the concept of a privately-issued global stable coin preempt the issuance of a CBDC? Since last June when Libra issued their white paper,  the greater central bank community has cast a more focused view and research on the effects of issuing new forms of digital currencies. Register Early for this webinar and discussions to understand current challenges and implications retail CBDCs may have on financial systems and monetary stability.

Panelists:

Christian Pfister
Advisor to the Director General for Financial Stability and Operations – Banque de France

Manisha Patel
Senior Analyst, Central Bank Digital Currencies, Notes Directorate – Bank of England

Henry Holden
Advisor – BIS, Innovation Hub

Moderator

Peter Wierts
Senior Project Advisor, De Nederlandsche Bank

Jean-Michel Godeffroy
CBPC Chairman & former Executive Director of Payments and Market Infrastructure – ECB

Watch the webinar

PSD2 and RTS: An Evaluation of Where We Are & The Possible Direction of Travel

6th May 2020, 14.00-15.00 CEST

Watch the Recording

This 1-hour Webinar looked at the current state of the payment industry’s adoption of PSD2 and the Regulatory Technical Standards introduced by the European Commission and featured the following expert speakers:

Topics discussed were:

  • A PSD2 ‘health-check’ looking at SCA, TPPs and open APIs – what are the lessons learned?
  • RTS – is this fit for purpose, or do we need an ‘RTS2’?
  • What is the Commission’s perspective on this?
  • A summary of the Retail Payments Strategy consultation recently launched by the European Commission

All registered attendees for the webinar received the recording and a complimentary issue of Central Bank Payments News.

Eric Ducoulombier is, since 1 January 2019, Head of the Retail and Payments Unit in the European Commission (DG FISMA). Before that he was in charge of the Unit dealing with Inter-Institutional affairs and Planning in DG FISMA. Eric joined the European Commission in 1992, after having worked a few years in the private sector (consulting, law firm…). He holds a Master Degree in Law.
Anni Mykkänen is Senior Policy Adviser on Payments and Innovation at the European Banking Federation. In her role she leads the EBF’s work on all payment-related matters and is responsible for formulating policy responses, engaging with policy makers and other stakeholders and representing the EBF in different payments-related industry and stakeholder bodies. Previous to EBF, Anni was heading EU affairs at the European Association of Corporate Treasurers, covering a wide range of financial regulation topics. Prior to that, she worked at the European Payments Council and the Bank of New York Mellon. She holds a Master’s degree in political science from Université Libre de Bruxelles.

Nilixa Devlukia is the founder and CEO of Payments Solved a regulatory consultancy advising on the regulatory framework for payment services, digital banking, fintech and open banking both in the UK and globally.

Nilixa is an experienced regulatory expert and lawyer with a Masters in European Competition Law and over 20 years of banking and payments experience gained from her time as Senior Legal Counsel at Barclays and policy lead at the UK regulator, the FCA. Nilixa works with industry, regulators and legislators to drive changes in the banking and payments ecosystem for a payments and open banking landscape that is secure, transparent and inclusive. Nilixa was the policy lead at the Financial Conduct Authority on all UK and EU payments and e-money related matters working together with HM Treasury on the negotiation and transposition of PSD2 and EU agencies on the PSD2 RTS.

Nilixa has been seconded to the European Banking Authority and has worked extensively with the European Commission, the European Central Bank, the World Bank and EU regulators. Nilxa has represented the UK and FCA on various EU and UK level committees including the ECB SecurePay Forum, the EU API Evaluation Group and the UK Payment Strategy Forum and lead on the publication of the FCA Approach Document on Payment Services and EBA Consultations.

Nilixa is a well-known public speaker and most recently consultant Head of Regulatory at the UK Open Banking Implementation Entity dealing with all matter relevant to the Open Banking API Standards and Guidelines.

Rūta Merkevičiūtė is a Head of Division for E-money and Payment institution supervision at Bank of Lithuania, responsible for supervising over 115 E-money and Payment institutions.

She is also a co-chairperson of Standing committee on Payments Services at European Banking Authority (EBA), that is responsible to contributing to EBA’s policies and EU single market in payments and e-money. As a member, Rūta is engaged in Lithuanian’s Payment council group, which is dedicated to investigate to further implementation of Open Banking in Lithuania.

She has professional legal qualification as an attorney-at law and for the past 10 years has been working both in private sector and financial sector’s supervision in the areas of responsibility that include AML, payments, open-banking, lending, crowdfunding, investment services, FinTech industry, Regulatory Sandbox and transposition of EU Directives such as PAD, PSD2 and AMLD4.

Chirag Patel is the Group Head of Digital Payments at Grupo Santander. His responsibilities cover all forms of payments, cards, wallets, international and domestic transfers as well as adjacent services that improve the paying experience such as Checkout Lending.
Before Chirag joined Santander he led Europe Payment Acceptance and International Payment Expansion at Amazon. He has led the launch of many local payment capabilities worldwide. Previous to that Chirag launched the first NFC mobile wallet in the US via his time at Softcard and spent over ten years at American Express working in a variety of roles in New York and London.