1.6. Digital Technologies on Financial Market: Legal Perspective

Wednesday, May 19
16:15 - 17:15

Channel 2
BROADCAST
Live Stream

Track: 1. Smart Society
Discussion session

Digitalization has imperatively penetrated our global environment. Introduction and mass-scale distribution of multi-functional mobile devices providing for smooth access to opportunities given by Internet, have dramatically changed both human communications and different products and services promotion and distribution channels. Cloud technologies, artificial intellect, machine learning, voice interfaces are being day-by-day dramatically changing the role of a man in business processes, improving the performance and creating new valuable propositions for users. 

However, all that changes the look of financial market, also changes the roles and opportunities of financial services consumers and creates the grounds for new social conflicts that must be solved in a civilized world from a legal point of view.

Is the law ready to face the challenges? — will it catch up with innovations? This question will be the focal point of our discussion

Major matters on the agenda:

  • Main ideas that are changing or are able to change financial market: major digitalization risks related to financial market
  • Human rights and financial market digitalization
  • Technological innovations and legislative traditions: is symbiosis possible? Law — is it a barrier in the way of innovations or does it provide for a balance of opportunities?
  • Artificial intellect in financial market: horizon of possibilities and responsibility

Moderator

Alexey Guznov

Director of the Legal Department – Member of the Board of Directors, Bank of Russia

Speakers

Maxim Bashkatov

Lecturer at the Civil Law Department of Moscow State University's Faculty of Law, Head of Legal Development of the Center for Strategic Research

Igor Drozdov

Chairman of the Executive Board, Skolkovo Foundation

Sergey Shvetsov

First Deputy Governor, Bank of Russia

Biography

Born on 27 December 1970 in Moscow.

Education

1993: graduated from the Lomonosov Moscow State University with a degree in mathematical economics.

Career

1993–1996: 2nd Category Economist, Lead Economist, Sector Leader in the International Finance Division of the Bank of Russia’s Foreign Operations Department.

1996–2001: Deputy Head, Head of the Representative Office of Ost-West Handelsbank AG in Moscow.

2001–2003: Director of the Bank of Russia’s Open Market Operations Department.

2003–2011: Director of the Bank of Russia’s Market Operations Department.

2011–2013: Deputy Governor of the Bank of Russia.

1 September 2013 — 2 March 2014: First Deputy Governor of the Bank of Russia — Head of the Bank of Russia’s Financial Markets Service.

Since 3 March 2014: First Deputy Governor of the Bank of Russia.

Member of the Bank of Russia Board of Directors (since 10 October 2018).

Ivan Zimin

Director of the Financial Technology Department, Bank of Russia


* The Programme may be subject to change