Expanding the Horizons of Payment System Development

Transcription

1 Expanding the Horizons of Payment System Development Tuesday, March 15, SESSION I: CHALLENGES IN REFORMING NATIONAL PAYMENT SYSTEMS The National Payments System comprises several integrated mechanisms that, together, satisfy the business needs of the financial and real sectors of the economy for transferring value between counterparties in a secure, efficient and reliable manner. As such, it is a national asset that enhances the commercial reputation of the country, improves the investment climate, strengthens the image of the banking sector, and provides a much needed vehicle for increasing economic growth and improving welfare. In the first session of the program, World Bank specialists, Authorities and Market players describe the key elements of a structured strategic process for modernizing the national payments system, focusing on the delivery on tangible benefits. Recent developments in payment systems around the World are illustrated in the presentation of the results of the new iteration of the World Bank Global Payment system survey. Finally, the panel discusses some of the challenges encountered in reforming payment systems in recent years. Panel Discussion moderated by Ceu Pereira, PSDG, World Bank Confirmed speakers 1 : The Strategic Approach to Reforming Payments and Securities Settlement Systems and the Results of the 2010 Global Survey, Massimo Cirasino, PSDG, World Bank Experience in reforming the national payment systems from the authorities perspective: Memories of a payment system reformer. Jose Antonio Marciano, former Head of Payment System Department of Banco Central do Brasil Panel Discussion François Kanimba, Governor of Central Bank of Rwanda Jorge Raul Corvalan Mendoza, Governor of Banco Central de Paraguay The private sector contribution to NPS development Coffee Break and Vendor Exhibition SESSION II: PAYMENT SYSTEMS TO PRESERVE FINANCIAL STABILITY Payment and other settlement systems are essential for financial stability. A poorly designed system can exacerbate crisis by generating and/or transmitting disturbances of a systemic nature to the broader financial sector. Conversely, a sound system can mitigate financial crises by reducing or eliminating settlement risks related to financial markets transactions, in particular credit, liquidity and operational risks. The session will host the intervention of international experts who will highlight the role payment and other settlement systems have played in the context of the recent crisis in financial markets. New approaches in a number of key areas will be presented towards the definition of a new paradigm for 1 Other speakers will be added to the program as soon as their participation is confirmed 1

2 financial market infrastructure Defining new approaches to enhance the safety and efficiency of payment and settlement systems Panel discussion moderated by Daniela Russo, European Central Bank Confirmed speakers 2 : Larry Sweet, Federal Reserve Bank of New York Daniel Heller, CPSS General Discussion Lunch offered by CRIF and Vendor Exhibition Defining new approaches to enhance the safety and efficiency of payment and securities settlement systems continuation Panel discussion moderated by Mario Guadamillas, World Bank Coffee Break and Vendor Exhibition The central role of liquidity provision in payment and settlement systems Panel discussion moderated by Bruce Summers, World Bank Confirmed speakers 3 : Joaquín Bernal, Banco de la Republica, Colombia Peter Lightfoot, RBS Paola Giucca, Banca d Italia General Discussion 17:15-18:00 New techniques to address operational reliability and business continuity in payment and settlement systems Panel discussion moderated by Ricardo Medina, Banco de Mexico Ali Al Homidan, SAMA Harry Newman, SWIFT Filippo Sabatini, Citibank 2 Other speakers will be added to the program as soon as their participation is confirmed 3 Other speakers will be added to the program as soon as their participation is confirmed 2

3 Wednesday, March 16, SESSION III: FACILITATING CROSS-BORDER PAYMENT FLOWS In recent years, financial markets have experienced an impressive growth of cross-border payment flows and foreign exchange transactions. Session III investigates on these trends from three perspectives. The first panel discusses the important achievements in enhancing the safety of foreign exchange settlement at both the international and domestic level and analyzes some of the challenges, moving forward. The second panel reflects on the fact that countries in several regions or sub-regions around the world have implemented, are implementing or are considering forms of integration of their payments and securities settlement systems. What are the key pre-conditions, requirements, and success factors for a successful integration? Why have many integration projects failed? Finally, the third panel elaborates on recent initiatives to enhance the efficiency of international remittances worldwide Enhancing the safety of Foreign Exchange Settlement Panel discussion moderated by Lawrence Sweet, Federal Reserve Bank of New York Coffee Break and Vendor Exhibition J. Butterfield, CLS Bank Shu-pui Li, Hong Kong Monetary Authority Luis Vicente Barron Guerra, BM&F-BOVESPA General Discussion Lessons from regional or sub-regional integration on payment and settlement systems Panel discussion moderated by Sean O Connor, PSDG, World Bank Confirmed speakers 4 : Dave Mitchell, SADC Development Arthur Cousins, International Payments Framework General discussion Lunch and Vendor Exhibition Enhancing the efficiency of remittance markets Session moderated by Marc Hollanders, Bank for International Settlement PSDG, World Bank Working towards the achievement of the objective of reducing the cost of 4 Other speakers will be added to the program as soon as their participation is confirmed 3

4 remittances services by 5 percentage points in 5 years, Carlo Corazza, PSDG, World Bank Legal and Regulatory reforms in major sending countries Success stories in providing remittance services: Daniel Ayala, Head of Global Remittance Services, Wells Fargo Bank N.A.; Yassir Chakib, President and General Director, Flouss.com; James C. Orr, Chairman, Microfinance International Corp; General Discussion Coffee Break and Vendor Exhibition PAYMENT SYSTEMS SESSION IV: IMPROVING THE EFFICIENCY OF GOVERNMENT PAYMENTS Experts discuss best practices and alternatives to cash and paper- based payment instruments for government payments and provide insights through specific cases. A recent initiative launched by the World Bank to extract lessons and best practices from recent developments in this segment of the National Payments System will be presented. Panel discussion facilitated by Hemant Baijal, PSDG, World Bank Overview presentation on the work of the International Advisory Group (IAG) on Government Payment in developing the draft guidelines report for government payments - by Hemant Baijal, PSDG and IAG Secretariat, World Bank The case of Carta Acquisti in Italy by Mattia Adani, Executive Director, IADB Experiences with card-based solutions for government payments by Laura Kelly, Group executive, Global prepaid solutions, Mastercard The case of Bolsa familia program in Brazil by Anderson Jorge Lopes Brandao, Head of Benefits Department, Ministry of Social Development, Brazil Experiences with Correspondente bancario program in Brazil by Mardilson Fernandes Queiroz, Senior Advisor, Central Bank of Brasil DINNER RECEPTION OFFERED BY THE WORLD BANK GROUP 20:00 Sofitel Hotel Rio de Janeiro Thursday, March 17, SESSION V: RETAIL PAYMENT CIRCUITS AND PRODUCTS AT THE SERVICE OF END- USERS The final session of the conference is part of the CPSS-World Bank recently launched Forum on Retail Payment Systems and Services. 4

5 The existence of a wide range of payment instruments is essential to support customers needs in a market economy. A less than optimal use of these instruments may ultimately have a negative impact on economic development and growth. Efforts to significantly and successfully expand the range of available payment instruments rely on the existence of efficient, convenient and safe payment systems and circuits. Top experts will discuss the key areas that affect the retail payments sector from a developmental perspective. Discussions on remittances, a special type of retail payment, are included in this session Introducing the CPSS-World Bank Forum for Retail Payment Systems and Services, Daniel Heller, CPSS, and Massimo Cirasino, World Bank Defining and Implementing a comprehensive retail payment strategy Session moderated by Massimo Cirasino, PSDG, World Bank Confirmed speakers 5 : Key elements of a strategic approach to retail payments (Harish Natarajan, World Bank) Methodology for retail payments stocktaking (Francisco Tur Hartmann- European Central Bank) Perspective of a large emerging market Central Bank. Perspective from a large global payments company. Legal and regulatory challenges Session moderated by Daniel Heller, CPSS, BIS. Confirmed speakers 6 : Regulating mobile payments Key Issues (Prof. Maria Chiara Malaguti) Regulating mobile payments in Philippines (Ms. Bella Santos, Bank Sentral ng. Pilipinas) Private sector perspective: Western Union representative Coffee Break and Vendor Exhibition The role of new technologies to increase efficiency and access to retail payment services Session moderated by Banco Central do Brasil Confirmed speakers 7 : 5 Other speakers will be added to the program as soon as their participation is confirmed 6 Other speakers will be added to the program as soon as their participation is confirmed 5

6 Conference Closing Lunch Innovative retail payment products- (Margarete Biallas, IFC) Leveraging card payments network for Mobile payments (Mastercard) Leveraging ACHs for innovative payment products (Alexander Grinberg, ewise) Update from CPSS Retail payments working group on innovation (Bundesbank) 7 Other speakers will be added to the program as soon as their participation is confirmed 6