Cape Town, South Africa, April 7-10, Agenda

Transcription

1 Cape Town, South Africa, April 7-10, 2009 Agenda Tuesday April 7, Registration and Buffet Lunch INTRODUCTORY REMARKS AND SETTING UP THE SCENE Marilou Uy, Sector Director, Financial and Private Sector Development, Africa Region, World Bank Daniel Mminele, Executive General Manager: Markets, South African Reserve Bank Reforming Financial Infrastructure: a Coordinated Approach, Peer Stein, Manager, Access to Finance Advisory Services, International Finance Corporation Presentation of the Agenda, Massimo Cirasino, Head, Payment Systems Development Group (PSDG), World Bank SESSION I: THE PROCESS OF 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 counter-parties 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 will describe the elements of a structured strategic process for modernizing the national payments system, focusing on the delivery on tangible benefits. The results of a new World Bank working paper on the measurement of payment system development levels across 142 countries will be presented. The Strategic Approach to Reforming Payments and Securities Settlement Systems, Massimo Cirasino, PSDG, World Bank Payment Systems Worldwide: major trends and development indicators, Jose Antonio Garcia, PSDG, World Bank 1

2 SESSION II: SPECIAL FOCUS ON AFRICA The reform of the National Payments System is a necessary endeavor to provide the means for faster economic progress in the African continent. The experience of leading countries in the continent and considerations from regional reform efforts will shed light on the numerous aspects to be considered and on the problems faced. An overview of the situation in African countries under the lens of the major experts in the payments system area will provide a clear picture of the goals achieved and of the opportunities still available Payment, Remittance and Securities Settlement Systems in the African continent: a Snapshot Coffee Break Session moderated by Jose Antonio Garcia, PSDG, World Bank The South African National Payment System Observations and Trends, Dave Mitchell, South African Reserve Bank (SARB) Presentations from sub-regional groupings: -Tim Masela, SARB and SADC representative -John Bosco Sebabi, National Bank of Rwanda and COMESA representative -Ramzy Hamadeh, Arab Committee on Payment Systems Challenges and opportunities for the African Payments Landscape Panel discussion moderated by Daniel Heller, Head of CPSS Secretariat Dave Mitchell, SARB Brian Gei-Khoibe, Bank of Namibia Dhanesswurnath Vikash Thakoor, Bank of Mauritius Alice Zanza, PSDG, World Bank Charles Muthuthi, African Development Bank Temitope Oshikoya, West African Monetary Institute (WAMI) Welcome Cocktail Reception hosted by the South African Reserve Bank (SARB) 2

3 Wednesday April 8, SESSION III: 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 current crisis in financial markets. Morning session moderated by Massimo Cirasino, PSDG, World Bank The future of RTGS systems Coffee Break Bruce Summers, Advisor, PSDG, World Bank Discussant: Philipp Haene, Swiss National Bank Interbank money markets and payment systems: a two-way relationship Jose Antonio Garcia, PSDG, World Bank Joaquín Bernal, Banco de la Republica, Colombia Anthony van Eden, Strate Ltd. Franco Passacantando, Banca d Italia Maintaining trust in international financial transactions The CLS experience, Peter Slater, CLS Bank Lunch New challenges for securities and derivatives clearing and settlement Session moderated by Mario Guadamillas, World Bank Panel discussion: -Monica Singer, Strate Ltd. 3

4 Coffee Break -Edward Leach, SWIFT -Godfried De Vidts, ICAP Recent CPSS Work Update on CPSS activities and discussion of the CPSS document The interdependencies of payment and settlement systems, Daniel Heller, Head of CPSS Secretariat 4

5 Thursday April 9, SESSION IV: RETAIL PAYMENT CIRCUITS AND PRODUCTS AT THE SERVICE OF END-USERS 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 Legal and regulatory challenges Session moderated by Philipp Haene, Swiss National Bank Legal concepts and environment and the regulation of mobile payments, Maria Chiara Malaguti, Advisor, PSDG, World Bank Perspectives from a mobile payments operator, Claire Alexandre, Vodafone Group Fighting Terror with Error: Effects of Fact-free Policy Making, Prof. Nikos Passas, Norteastern University The Payment Services Directive in the context of the Single Euro Payments Area, Ceu Pereira, Advisor, European Commission Coffee Break The role of new technologies to increase efficiency and access to retail payment services Session moderated by Ricardo Medina, Banco de Mexico Lunch It s time to meet the micro-savings challenge, Ignacio Mas, Gates Foundation Mobile money for the unbanked, Marina Solin, GSMA Innovative products and services: industry perspectives -Elizabeth Buse, Visa -Jeffrey Portelli, MasterCard -Paul Simpson, Citigroup 5

6 Defining and Implementing a comprehensive retail payment strategy Session moderated by Sean O Connor, Advisor, PSDG, World Bank What role for the central bank and other public sector authorities, Jose Antonio Garcia, PSDG, World Bank How to prepare a detailed stocktaking, Jose Antonio Marciano, Banco Central do Brasil Strengthening cooperation: a National Payments Council, Dave Mitchell, SARB Coffee Break Enhancing the efficiency of remittance markets Session moderated by Massimo Cirasino, PSDG, World Bank The World Bank Global Remittances Database: A Crystal Clear Landscape, Carlo Corazza, PSDG, World Bank Leveraging on remittances to expand access to finance -Pedro de Vasconcelos, FFR IFAD -Norbert Bielefeld, World Savings Bank Institute Workers Remittances 1.0, Michael Whyte, SWIFT Remittances in the Italian Systems, Alessandro Zollo, Italian Bankers Association Conference dinner hosted by the World Bank 6

7 Friday, April 10, SESSION V: NEW CHALLENGES IN THE OVERSIGHT OF PAYMENT AND SECURITIES SETTLEMENT SYSTEMS The oversight role of the central bank is currently at the heart of international debate, and this function is emerging as key in central bank activity to ensure proper monitoring of the reliability and efficiency of domestic payment systems on an on-going basis. The panelists will discuss the challenges central banks face as overseers of a payment and other settlement systems. First, a recent World Bank analyzing the potential trade-off between cooperation and competition in retail payment systems is presented. The links and interdependencies of payment and other settlement systems, including those of a global nature, are discussed from various perspectives. Session facilitated by Jose Antonio Garcia, PSDG, World Bank A Framework for Central Bank Oversight of the National Payment Systems, Massimo Cirasino, PSDG Balancing Cooperation and Competition in Retail Payment Systems, Mario Guadamillas, World Bank, and Ricardo Medina, Banco de Mexico Challenges for Securities Settlement Systems, Daniela Russo, European Central Bank Coffee Break SESSION VI: LESSONS FROM REGIONAL OR SUB-REGIONAL INTEGRATION IN PAYMENTS AND SECURITIES SETTLEMENT Lunch 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? Session VI will discuss the issue starting from the experience of some of the major integration projects under implementation. Session moderated by Massimo Cirasino, PSDG, World Bank Overview of regional experiences, Sean O Connor, Advisor, World Bank SEPA Challenges and Opportunities: Some Reflections, Sergio Gorjón, Banco de España The East African Payment System (EAPS), John Bosco Sebabi, National Bank of Rwanda MENA Payment Systems integration project, Yisr Barnieh, Arab Monetary Fund General discussion 7

8 SESSION VII SIMULATION EXERCISE: SIMLAND AFFECTED BY THE GLOBAL FINANCIAL TURMOIL, CHALLENGES AND OPPORTUNITIES. A concrete and realistic exercise to identify and analyze the likely consequences of today s financial turmoil on operational payment systems as well as on payment system reform projects. The session will identify the challenges under the perspective of payments system designers, operators, regulators and users. An interactive discussion and a deep analysis of all the different variables will lead to drawing a picture of possible scenarios, each one involving several opportunities and possible problems. Simulation and discussion led by Aquiles Almansi and Massimo Cirasino, World Bank Concluding Remarks 8