12 April 2016
Moscow

SWIFT Business Forum Moscow & ROSSWIFT AGM 2016

Agenda

Tuesday 12 April 2016

08:45-09:30  

Registration and welcome coffee

09:30-09:50  

Welcome and opening remarks

 

  • Matthieu de Heering, Head of Russia, CIS and Mongolia, SWIFT
  • Natalia Dirks, Head of Operational Block, Sberbank, and NMG Chairperson
  • Gottfried Leibbrandt, Chief Executive Officer, SWIFT

09:50-11:30

Opening plenary and ROSSWIFT Annual General Meeting

 

Opening plenary: Developments in the Russian Payment and Financial System

 

In this session, we will look at recent developments in the Russian payment and financial system, starting with a macroeconomic analysis and outlook and then moving on to look at the payments and securities markets, SWIFT’s 2020 strategy and the corresponding development concept for the Russian SWIFT community. The development of, and migration to the new Russian payments system remains the main focus of the Russian SWIFT community: what progress has been made in the last year by the Bank of Russia on this highly important and strategic project and how is the market preparing for the migration? A lot has also happened in the Russian securities market over the last year. What has changed, how has it impacted market participants and what is in the pipeline for the year/s to come? One year on from Eddie Astanin’s appointment to the SWIFT board, we will also hear an update from him on how the requirements of the Russian community are being catered for within the wider context of SWIFT’s governance model. The SWIFT 2020 strategy has now been fully approved and delivery on this five year plan is well underway. What are the cornerstones of the strategy, how does it tie in with the needs of the Russian SWIFT community and how does it translate into ROSSWIFT’s corresponding 2020 development concept paper?

 

ROSSWIFT Annual General Meeting

 

ROSSWIFT will be summarizing its activities for 2015 with the Steering Committee Chairperson report. ROSSWIFT will be summarizing the activities of the Association for 2015 and will present the Concept of development until 2020. The election of a new Steering Committee and Audit Committee will take place. Changes in the By Laws of ROSSWIFT will be submitted for approval by the ROSSWIFT AGM. The role of ROSSWIFT and its activities in the domestic and cross border payments landscape will also be discussed.

11:30-12:00

Coffee break

12:00-12:30

SWIFT Traffic and Russian Community Pricing Proposal 2016

 

We will be joined once again by SWIFT’s Head of Pricing, who this year will present a new pricing scheme that has been devised to enable the Russian SWIFT community to further leverage their investment in the cooperative. 

12:30-13:15

Challenges and solutions in anti-money-laundering and combatting financial crime

 

Financial crime compliance pressure is here to stay and poses one of the greatest challenges facing the financial market, both in Russia and beyond.  The industry faces increasingly complex and rapidly changing regulatory requirements, along with increasing fines and risks of reputational damage when failures occur.  Expectations are higher in terms of transparency, from knowing your customer’s customers to transaction data quality, and institutions are rationalising their correspondent networks. In parallel, the appetite is increasing for collaborative solutions to these challenges. As a member-owned cooperative, SWIFT is delivering on an ambitious compliance services roadmap to help the industry reduce the cost, complexity and risk associated with financial crime compliance. How is this offering being received in Russia? With over 70 Russian financial institutions, including NSD and Sberbank, having adopted SWIFT’s KYC Registry, is there hope that this can become a national standard? Also, what can be observed as compliance trends in other markets and can Russia learn from the experiences of others?

13:15-14:15

Lunch

14:15-15:15

Parallel Session 1 - Payments Update

 

In this session we will dive deeper into what is going on in the Russian payments market and take a close look at the prospective payments system project, with particular attention to the migration to ISO 20022 and IBAN.   

Parallel Session 2 - Securities Update

 

In this session we will dive deeper into what is going on in the Russian securities market. We will look at NSD’s plans for the sequential adoption of ISO20022, one business line at a time, starting with proxy voting and then moving on to other corporate actions in the first phase, followed later by corporate actions, investment funds, security settlements and collateral management. Another topic that we will touch on is the Market Infrastructure Harmonisation charter. In October 2015, a group of financial market infrastructures (FMIs), including Russia’s NSD, endorsed this Charter to jointly implement a global framework enabling ISO 20022 harmonisation across the industry. What progress has been made since the signing of the MI Charter and what is the roadmap for the months and years to come?

15:15-16:15

Coffee and Demo-zones

 

During this hour, you will have the opportunity to visit the demo stations in the exhibition area and not only hear about some of the many products and services within the SWIFT portfolio, but also watch a demo and ask the SWIFT experts any questions that you may have. Among the products and services showcased will be:

 

MyStandards & Standards Release 2016 Impact Assessment; SWIFTRef; our Integration Product Suite, including IPLA and AMH; Sanctions Screening; The KYC Registry; Business Intelligence for operations and compliance; SWIFT Enhanced Support; and SWIFT’s Cloud portfolio.

16:15-17:00  

Fintech and innovation: From disruption to real world change

 

A wave of money is flowing into financial technology and disruptive fintech companies are trying to eat into banks’ business. What does digitalisation mean for the industry going forwards? What is the ongoing impact of digital and mobile on customer experience? What role are new technologies such as blockchain and distributed ledger likely to play in the financial industry? With many Russian financial institutions running Blockchain labs, what conclusions have been drawn so far from their research and what innovations might apply to the real world? Another phenomenon that we have observed in recent years is that an increasing number of fintech companies have entered the payments market, frequently pitching for the low-value person-to-person payments segment, but increasingly going up the value chain and offering alternative payments models to traditional correspondent banking. To respond to this, SWIFT has launched the global payments innovation initiative. How are banks responding to this and what is the recently launched global payments innovation initiative from SWIFT? To date, 45 banks, including Sberbank, have signed up for the initiative. Designed for the corporate treasurer, the new service will enable banks worldwide to join forces and dramatically improve the customer experience in cross-border payments. Increased speed, transparency and predictability of cross-border transactions will become the core values of the new service. What are the critical success factors in such a rapidly changing financial landscape, and will Russia be a protagonist or an observer as the industry undergoes this wave of disruptive change?

17:00-17:10

Closing remarks

 

  • Christian Kothe, Head of Central and Eastern Europe, SWIFT
17:10

Cocktail