The post financial crisis era is coming with changes in regulation and supervision of financial institutions. International regulatory framework should be calibrated to suit a given market because the “degree of compliance varies”. The “one size fits all” approach should be adopted according to the peculiarities and maturity of different markets, the standards of size, complexity, business model, and cross-border activity of the banks. Unadapted regulation will hinder banks’ role in financing and constrain the potential growth of real economy. How to make sure that regulation can promote the role of financing in real economy? In addition, in recent years regulatory technology, or RegTech, has become a new buzzword in financial services. The intersection of technology and regulation create uncertainty in a number of areas. What do financial services regulators must do different? The panel will address these questions and discuss the future of regulation in financial markets.
In the current state of development, demographic change and digitisation are two driving forces of change. Locally focused banks are no strangers to these forces. Accessibility, usability, affordability and sustainability are still challenges for access to finance even in the digital age. Technology and innovative approaches to finance have dramatically improved these challenges. Another issue is SMEs access to finance as in most cases they rarely have enough collateral. Machine learning and AI, as well as Fintechs, are proving to be great allies in this framework. Digitisation is also helping to address informality and to insert MSMEs into the formal system, whilst providing better security for their assets. Governments are moving towards digital invoicing that can also foster financial and social inclusion. The objective of this panel is to discuss enabling ecosystems for financial inclusion and access to finance in the digitised world and the roles of different stakeholders.
Panel 3: Sustainable Finance – a core engine for economic growth
Sustainable finance is high on the G20 agenda and advancing fast around the world. The rise of sustainable economy, green products and services in recent years has brought new opportunities for banks and financial institutions. However, there is still a long way to go in which the role of banking is crucial. The last panel of the conference will debate the recent evolution of sustainable finance and address the following questions: what investment, innovation or business opportunities does sustainable finance offer and how banks can benefit from it? How can sustainable finance foster development and economic growth? What is the role of banks in this context? In addition, the panel will present the latest Latin American focused report from the International Financial Corporation, and will discuss the industry experience and trends alongside relevant stakeholders perspectives.
Thursday 22 March 2018
| Buenos Aires, Argentina