LF 9½ starts in
 

3.5. Financial Technologies as a Challenge to the Law

Thursday, 17 May
10:00 - 11:30

Hall #2, General Staff Building (6-8, Dvortsovaya sq.)

Every day we hear about new financial technologies: distributed ledgers, blockchain, tokens and other “digital world” phenomena. The words have resulted in a speculative demand for regulation. The attempts of such regulation have been made and demonstrated in some draft federal laws that call themselves for comprehension and the answers not only to the question “are they right?” but also to the question “what for?”.

Is it possible to align the existing civil law institutions to the new phenomena or should something new be established? Are the novelties in line with public interests?

It looks like we should speak not only about legal regulation adjustments but also about modification of financial service user rights protection, requirements to information security and personal data protection.

Anyway, we can see that the digitalization is rapidly penetrating into our world — through remote identification systems, through ICO and crowdfunding, electronic letters of credit and so called “regulatory sandbox”, and many other instruments that were just the results of some experiments yesterday, look quite customary today and may become commonplace and even archaic tomorrow.

What should the legal system answer to such challenges?

Moderator

Aleksey Guznov

Director of the Legal Department, Bank of Russia

Biography

Education, academic degree:

Moscow State University. Doctor of Legal Sciences (Ph.D. equivalent, higher doctorate).

 

Specialization, professional interests:

Theory of state and law, use of coercive measures, financial market regulation

 

Achievements and awards:

Honoured lawyer of the Russian Federation, 2nd class Order of Merit, winner of the Femida legal award

 

Publications, scientific works:

About 70 publications on law theory and financial market regulation, including numerous textbooks and monographs

Speakers

Anatoliy Kozlachkov

Vice President, Association of Banks "Russia"

Biography

Anatoly Kozlachkov was born on December 28, 1963. Graduated from the law faculty of Moscow state University. M. V. Lomonosov in 1990, graduated from postgraduate study of Department of philosophy of humanitarian faculties of Moscow state University in 1998. He is the Author of scientific publications in banking law, civil law, history and theory of law, philosophy and theology.

In 1990-1993 he worked in the office of the Supreme Soviet of the USSR, and then in the office of the Parliament of the RSFSR, where he gained an extensive experience in drafting laws, participating in the formation of a new legal system. 

In 1994-2000 Anatoly Kozlachkov worked in the Bank of Russia, where he passed the career path from the head of the Department of comparative studies of foreign banking law to the Deputy Director of the Legal Department.

In 2000 Anatoly Kozlachkov became a private practicing lawyer and took part in the foundation of LLC "Legal center: law and consulting". One of the professional achievements of Anatoly Kozlachkov was the project "The Analysis of Legislative Risks for the Bankers", in which the methods of analysis of legislative risks for credit institutions were developed. 

Since November 2017 he is the Vice-President of the Association of Russian banks, supervising the legal Department.

Anatoly Kozlachkov has more than 20 years of experience in developing different models and concepts of legal regulation of the Russian economy, including the preparation of various types of regulations, including codes, fundamentals of legislation, laws, decrees of the President of the Russian Federation, the decrees of the Supreme Soviet of the USSR and RSFSR, State Duma of the Russian Federation and the Government of the Russian Federation, statutory acts of Bank of Russia.

Having rich experience in various branches of law, in recent years Anatoly Kozlachkov specializes primarily in banking law and related spheres. He took part in drafting the current laws on Central Bank of the Russian Federation, on the banks and banking activities, on countering the legalization (laundering) of proceeds from crime, on mortgage lending, on protecting competition in the financial services market, on the insolvency (bankruptcy) of credit institutions, on the deposit insurance system, on the taxation of credit institutions, on the national payment system, on State Corporation «Vnesheconombank», on public law companies.

Tatyana Medvedeva

Senior Legal Advisor, Stock Market Development Center

Lyudmila Novoselova

Chairman, Intellectual Property Rights Court

Yana Pureskina

Director of the Department of Financial Policy, Ministry of Finance of the Russian Federation

Biography

Ms. Yana Pureskina was appointed to the position of Director of the Financial Policy Division  for the Ministry of Finance of the Russian Federation effective September 2017.

The areas of Ms.Yana Pureskina’s responsibilities include regulation of the following financial activities:

- Banking and insurance markets, credit cooperation, micro-financial activity, the credit reference bureau and financial markets,

- Formation and investing of pension savings assets, temporary surplus funds of the state-run corporations and the state-run Deposit Insurance Agency,

- Management and conduct of lotteries and approved gambling games,

- The operations of non-state pension funds, asset management companies, special securities depositories, and actuaries regarding non-state pension provisions and mandatory pension insurance.

Ms. Pureskina transferred to the Russian Ministry of Finance from the position of Head of Financial Markets, Bankruptcy and Insurance Department in the Economy and Finance Division of the Government of the Russian Federation.

During 2008-2013 Ms. Pureskina served at the Federal Financial Markets Service as Head of the Division and Deputy Chief of the Federal Financial Markets Service. Upon the transfer of functions on the regulation and supervision of financial markets for the Central Bank of the Russian Federation in 2014, she served as Deputy Head of the Bank of Russia Financial Markets Service.

From 2001 to 2006 Ms. Pureskina served with the Main Administration of the Federal Treasury of the Ministry of Finance of the Russian Federation and at the Federal Financial Monitoring Service of the Russian Federation.

Ms. Yana Pureskina also has experience with the banking system, operations and regulation.

Sergey Radchenkov

CEO`s Strategy Councelor, Association of Financial Technologies

Sergey Shvetsov

First Deputy Governor, Bank of Russia

Ivan Zimin

Deputy Director of Financial Technologies Department, Bank of Russia


* The Programme may be subject to change