Innovation in Financial Services: Gearing up for the new post Covid-19 era
13 October 2020
14:30 – 14:35 Introduction by FinanceMalta chairman – Rudolph Psaila
14:35 – 15:20 Session 1: MALTA’S VISION FOR THE FINANCIAL SERVICES INDUSTRY
Hon. Robert Abela – Prime Minister of Malta (video)
PANEL SESSION: Moderated by Deborah Webster, Co-Founder & CEO AMANIcircle
Hon. Clayton Bartolo – Parliamentary Secretary, Ministry for Finance and Financial Services
Hon. Kristy Debono – Member of the Opposition
Rudolph Psaila – Chairman, FinanceMalta
Joseph Cuschieri – CEO, MFSA
Wayne Pisani – President, IFSP
15:30 – 17:00 Session 2: AML: THE NAME OF THE GAME?
15:30 – 16:20 Panel 1: Moderated by Federica Taccogna – Senior Managing Director, FTI Consulting
This session will provide a comparative overview of the CoE’s countries’ compliance with the AML regulations. What is Moneyval doing to address any deficiencies? Have such actions been successful? Are smaller countries in a more difficult position vis-a-vis the bigger ones?
Igor Nebyvaev – Executive Secretary of MONEYVAL (video)
Ilze Znotina – Head of Financial Intelligence Unit Latvia
Liliya Gelemerova – Senior Financial Crime Advisor, Head of Transactions Monitoring and Investigations/UKFIU, DMLRO, Director at Commerzbank
Alfred Camilleri – Chairman, National Coordinating Committee on Combating Money Laundering and Funding of Terrorism, Malta
16:20 – 17:00 Panel 2: Moderated by Aidan Larkin – Partner, Asset Reality
Following the MONEYVAL, GRECO and other reports on Malta, our country expressed its ambition and commitment to upgrade its Regulatory, Supervisory and Enforcement resources to, not only satisfy international requirements, but also because it firmly believes that the way forward for each country is to have clean business.
Christopher P. Buttigieg – Chief Officer, MFSA
Kenneth Farrugia – Director, FIAU
Alexandra Mamo – Assistant Commissioner of Police, Financial Crimes Investigations Department
Helga Buttigieg Debono – Executive Head, National Coordinating Committee on Combating Money Laundering & Funding of Terrorism, Malta
17:00 – 17:15 Conclusion by FinanceMalta
14 October 2020
14:30 – 14:35 Introduction by FinanceMalta chairman, Rudolph Psaila
14:35 – 15:20 Session 3: SUSTAINABLE FINANCE: ASSUMING RESPONSIBILITY
Video message: Michael R. Bloomberg – Founder, Bloomberg LP and Bloomberg Philanthropies and 108th Mayor of New York City
PANEL SESSION: Moderated by Simone Giudici – Application Specialist, Bloomberg
Malta was the country that brought to the attention of the world the need to take climate change as an international responsibility at the UN level. The European Green Deal is the new growth strategy launched by the European Commission with the aim of attaining a sustainable financial system as a long term investment. In this regard, the financial services sector must assume social, environmental and developmental responsibility.
Carlos Joly – Fellow CISL, Cambridge University, Former Chair UNEP FI, Co-Chair Expert Group that drafted UN PRI, and CEO of a fund manager
David Uzsoki – Senior Advisor, International Institute for Sustainable Development
Simon Zammit – CEO, Malta Stock Exchange
Malcolm Falzon – Partner, Camilleri Preziosi Advocates
15:30 – 16:30 Session4: TAX: QUO VADIS?
PANEL SESSION: Moderated by Juanita Brockdorff – Tax Partner, KPMG Malta
A number of global reports, international discussions and legal requirements such as DAC6 and Pillar II show that taxation in most countries will experience a transformation. In this session we will hear first hand from the leading tax experts in Malta what discussions are being held at international and European fora, and what Malta can do to keep its tax system attractive, while at the same time, keep in line with regulation and best practice.
Aldo Farrugia – Director General (Legal & International), Office of the Commissioner for Revenue, Malta
Ramona Piscopo – Tax Partner, Piscopartners
Geraldine Schembri – Partner, EMCS
John Vella – Associate Professor of Tax Law, University of Oxford
16:20 – 16:30 Conclusion by FinanceMalta
15 October 2020
14:30 – 14:35 Introduction by FinanceMalta chairman, Rudolph Psaila
14:35 – 15:15 Session5: INNOVATION IN THE NEW DECADE
(Pre-recorded) What kind of Innovation are we likely to experience in the New Decade? How will this impact countries within the European Union? Who are the leaders in Innovation and what is the formula to achieve this? What has Malta been doing in order to lead the way in Financial, Insurance and Regulatory Technology? Where do we stand today? And what is the way forward?
Moderator: Vanessa Macdonald – Communications Coordinator, Central Bank of Malta
Speakers: Michael Xuereb – Chief Officer, Strategy, Policy and Innovation, MFSA
Stephen McCarthy – CEO, MDIA
Dana Farrugia – CEO, Tech.MT
Video: Innovation Hub by Central Bank of Malta:
Moving Forward: the Central Bank of Malta’s Payment Hub
The Central Bank of Malta has introduced a new euro denominated payments infrastructure which will enable it to offer clearing services to credit and financial institutions. The Payments Hub will provide a solution for institutions that were previously dependent on correspondent foreign banks.
15:20 – 16:10 Panel 1 – INNOVATION IN ASSET MANAGEMENT
Asset Management in Malta has, for a number of years, been considered to be a core traditional sector which contributed significantly in Malta’s financial services industry. In this session we will discuss the next steps to make this sector more innovative to keep Malta attractive in this sector in the new decade.
Presentation: Christian Mackintosh – Senior Manager | Wealth &Asset Management | EY, UK [live]
PANEL SESSION: Moderated by Kenneth Farrugia – Governor, FinanceMalta
Christian Mackintosh – Senior Manager| Wealth &Asset Management| EY, UK
Antonia Zammit – CEO, Praude Asset Management
Andre Zerafa – Partner, Ganado Advocates
Hakon Haugnes – CFO/COO, Andurand Capital
16:15 – 17:05 Panel 2 – INSURANCE: NEW OPPORTUNITIES
Notwithstanding the disruptive technology and other factors that are having an impact on Malta’s financial services industry, the insurance industry seems to be the strongest and most stable sector on the island. In this session we will analyse what has made this sector so resilient, and what we can do to make it even more innovative?
Presentation: Javier Baixas Valls – Partner, Strategy& | PwC Madrid
PANEL SESSION: Moderated by Matthew Bianchi – Vice-Chairman, FinanceMalta
Mario Xuereb – Deputy CEO, Lockton European Brokers Limited
Elizabeth Carbonaro – Chairperson, Malta Insurance Managers Association
Javier Baixas Valls – Partner, Strategy&, PwC Madrid
Robert Geraghty – Senior Vice President, International Sales Leader at Marsh Captive Solutions, Marsh UK
17:05 – 17:15 Conclusion by FinanceMalta