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Dates
07/10/2024 - 09/10/2024
Location
Florence, Italy
Download course programme
Registration Deadline
24/09/2024
Level
Intermediate
Approach
Qualitative
Delivery mode
Residential
Digital payments are transforming our monetary and financial systems. Over the last decade, new technologies such as Distributed Ledger Technology (DLT) and smart contracts have introduced a radically new way of thinking about enabling monetary and financial transactions. At the same time, new start-ups (so-called FinTechs) and well-established BigTech firms have increasingly ventured into offering new payment services and methods to their customers. Even central banks have realised that they need to rethink their role at the apex of the monetary system and are preparing for the introduction of a fully digital representation of their existing official currencies.
The academy provides a thorough introduction to the topic of digital payments, from the technological foundations and the current trends to the emerging regulation of the modern payments space and the future of payments. Participants will engage in interactive lectures, conduct case studies and mediated group discussions and discuss with experts and policymakers the defining trends in this area. More specifically, the academy will cover various topics such as cryptocurrencies, new approaches to payments offered by FinTechs, Central Bank Digital Currencies (CBDCs) and innovations for cross-border payments. It will focus mostly – but not exclusively – on an EU context and combine insights from various perspectives such as economics, law, regulation and corporate business cases.
- Understand the basic drivers of modern payments technology
- Learn about different business cases for providing payment instruments or services
- Get exposed to the basic technology underlying cryptocurrencies
- Assess the role of central banks in the payments space
- Familiarise yourself with the emerging regulatory framework for privately issued coins
- Learn about new tools available for detecting and preventing fraud in payments
- Get up to speed on recent developments in international payments infrastructure
- Discuss with payments service providers, regulators and academic scholars the future of payments
Profiles in EU Institutions, in the three ESAs, ministries of finance, and central banks interested in gaining a deeper understanding of digital currency’s trends and issues. Emerging scholars on financial topics and private sector practitioners (e.g., trade associations, journalists, law firms, consultancies, banks, investment funds).
26 September Online segment | 3 hours between Thursday 26 September – Friday 4 October
- Video lectures (70 min)
- Introduction and basic concepts (20 min) |Thorsten Koeppl
- Setting the scene: Key regulatory challenges (15 min) | Mikolaj Barczentewicz
- Why This Course? An interview with Thorsten Koeppl and Elisabeth Noble (18 min)
- Financial Infrastructures and Regulatory Developments, An Interview with Klaus Loeber (18 min)
- TBD 1 or 2 October, 4-5 PM CET – Live session (60 min) |Thorsten Koeppl, Mikolaj Berczentewicz
- Icebreaker and course overview
- Pre-discussion of case studies in groups
- Prep work on Case Studies (individual work, 50 min)
7 October (Theme: Payments)
9:00 – 9:30 Welcome coffee
9:30 – 10:00 Introduction & Tour de Table
10:00 – 11:00 Session 1 – Introduction: The Modern Payments Landscape | Thorsten Koeppl
11:00 – 11:30 Coffee break
11:30 – 13:00 Session 2 – Cryptocurrencies and DeFi | Thorsten Koeppl
13:00 – 14:00 Lunch
14:00 – 16:00 Session 3 – Case Studies – Group Work | Thorsten Koeppl and Mikołaj Berczentewicz
15:00 – 15:30 Coffee Break (in parallel with Session 3)
16:00 – 17:30 Session 4 – AML/KYC and Fraud Issues in Payments | Mikołaj Berczentewicz and Florian Loecker
17:45 – 18:45 Guided Tour of the Badia Fiesolana
18:45 – 19:45 Aperitivo in Badia Fiesolana
20:00 Shuttle Bus to the city centre or Villa la Stella
8 October 2024 (Theme: CBDC & Cross-border Payments)
9:30 – 10:00 Session 5 – Introduction to CBDC | Cyril Monnet
10:00 – 11:30 Session 6 – The Digital EURO Project (i) main objectives and timeline; (ii) design principles; (iii) interaction w/ monetary policy | Alessandro Giovannini Discussion with Cyril Monnet
11:30 – 12:00 Coffee Break
12:00 – 13:00 Session 7 – CBDC, Stablecoins or Tokenized Deposits? | Cyril Monnet. Discussion with Alessandro Giovannini and Thorsten Koeppl
13:00 – 14:00 Lunch
14:00 – 15:00 Session 8 – Challenges in Cross-border Payments | Thorsten Koeppl
15:00 – 16:30 Session 9a – Group work on Cross-border Payments Solutions | Thorsten Koeppl and Mikołaj Berczentewicz
15:30 – 16:00 Coffee Break (in parallel with Session 9a)
16:30 – 18:00 Session 9b – Plenary on Cross-border Payments Solutions | Groups pitch their case
20:00 – 22:00 Apericena at Hotel Baglioni
9 October 2024 (Theme: The Regulatory Landscape)
9:00 – 10:00 Session 10 – MiCA regulation | Mikołaj Barczentewicz
10:00 – 11:00 Session 11 – PSD regulation | Mikołaj Barczentewicz
11.00 – 11.30 Coffee break
11.30 – 13:00 Session 12 – Panel on New Developments in Payments | Silvia Attanasio, Alessandro Giovannini. Moderator: Thorsten Koeppl
13:00 – 14:00 Light Lunch
Course Director
-
Thorsten V. Koeppl
Part-time Professor - Florence School of Banking and Finance
Queen’s University
Instructors
-
Silvia Attanasio
Head of Innovation and President at ABI Lab
ABI - Italian Banking Association
-
Mikołaj Barczentewicz
Law Professor
University of Surrey
-
Alessandro Giovannini
Programme Manager of the Digital Euro
European Central Bank
-
Cyril Monnet
Professor Of Economics
University of Bern
-
Florian Loecker
Chief Product and Technology Officer
FNA
-
Linda Strazdiņa
EU Policy & Government Relations Lead
Wise
- € 2150 – Private Sector
- € 1950 – Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions
- € 950 – Full-Time Professors, PhD Students, Research Associates
- Group discounts available upon request
The fee includes tuition, access to all course materials and pedagogic activities, coffee and lunch breaks and social activities. It does not include travel and accommodation expenses or other local transportation costs (taxis, private cars).
Please submit a certificate attesting your status as a Professor, PhD Student or Research Associate to fbf@eui.eu before registering. FBF secretariat will provide you with a code to register. Seats for academics are limited.
Please note that the payment must be settled two weeks before the start of the course.
A certificate of attendance will be provided to all participants after the course.
CANCELLATION POLICY
- In case you can no longer attend the course, you are required to inform the organisers by sending an email to fbf@eui.eu in order to free a seat for participants on the waiting list.
- In case of frequent cancellations, FBF reserves the right not to accept further registrations from the same person.
For more details, please contact fbf@eui.eu
Accommodation
Participants are responsible for their own accommodation during their stay in Florence. Below are some hotels that are conveniently located either for the city centre or for the course venue.
Fiesole (closer to the European University Institute)
- Villa La Stella, Via Iacopone da Todi 12, Firenze, ph. +39 055 5088018, info@villalastella.it
- Hotel Villa Fiesole, Via Frà Giovanni da Fiesole Detto l’Angelico, 35, Fiesole, ph. +39 055 597252, info@villafiesole.it
Florence Historic Centre – Santa Maria Novella Train Station area
- Grand Hotel Minerva, Piazza Santa Maria Novella 16, Firenze, ph. +39 055 27230, booking@grandhotelminerva.com
- Hotel Garibaldi Blu, Piazza di Santa Maria Novella, Firenze, ph.+39 055 277300, booking@wtbhotels.com
- Hotel L’Orologio, Piazza Santa Maria Novella 24, Firenze, ph. +39 055 27 73 80, booking@wtbhotels.com
- Hotel Lungarno, Borgo S. Jacopo 14, Firenze ph. +39 055 27261, bencini@lungarnocollection.com
- Hotel Rosso 23, Piazza di Santa Maria Novella 23, Firenze, ph.+39 055 277300, booking@wtbhotels.com
- Hotel Santa Maria Novella, Piazza di Santa Maria Novella, Firenze, ph.+39 055 271840, booking@wtbhotels.com
- Portrait Hotel, Lungarno degli Acciaiuoli 4 Firenze, ph. +39 055 2726 8000, bencini@lungarnocollection.com
Florence Centre – Piazza della Libertà area
- Hotel Cellai, Via 27 Aprile 14, 52/R, Firenze, ph. +39055489291, customer.service@hotelinfirenze.com
- Hotel San Gallo Palace, Via Lorenzo il Magnifico 2/4, Firenze, ph. +39055463871, infosangallo@allegroitalia.it
- Hotel il Guelfo Bianco, Via Cavour 29, Firenze, ph. +39055288330, info@ilguelfobianco.it
- Hotel de La Pace, Via Alfonso la Marmora, 28, Firenze, ph. +39055577343, info@hoteldelapace.com
- The Social Hub, Viale Spartaco Lavagnini, 70 – 72, 50129 Florence, +38055 062 1855, florence@thesocialhub.com
- Palazzo Castri, Piazza della Indipendenza, 7, 50129 Firenze, ph. +39055 472118, welcome@palazzocastri.com
Nearby airports
Pisa International Airport (Galileo Galilei Airport), is located 85 km from Florence. The shuttle Pisa Mover connects Pisa Airport to Pisa Railway Station, and it is in service every day from 6.00 a.m. to midnight with variable frequencies. The average travel time between the airport and the railway station, including the intermediate stop, is about 5 minutes. From Pisa Railway Station it is possible to take a train to Florence Railway Station (average travel time is one hour). Timetable and ticket options are available at Trainline.
Guglielmo Marconi Bologna International Airport is located 105 km from Florence. It is connected to Bologna Central Station by the shuttle train “Marconi Express” that leaves every 7 minutes. Tickets can be purchased on this website. From Bologna Central Station, Florence can be reached with a high-speed train in about 40 minutes. Timetable and ticket options are available at Trainline.
IT information
- Upon arrival, you will be provided with temporary Wi-Fi access for the duration of the event.
- If using your company laptop, please check with your company IT department regarding firewall protections before your departure. EUI uses a Captive Portal authentication to access the EUI Wi-Fi network.
On-site contact points
For any practical questions, please feel free to contact the Florence School of Banking and Finance to the attention of Noemi Epote’ (fbf@eui.eu).
Restaurants
Below you can find a few suggestions on restaurants located in Fiesole or the city centre, which might be useful for your free night(s).
- Osteria di Giovanni – Ph. 055284897
- Coquinarius Firenze – Ph. +39 055 230 2153
- Restaurant Accademia – Ph. +39 055 217343
- Il Vezzo – Ph. +39 055 281096
- Finisterrae – Ph. +39 0552638675
- Coquinarius Fiesole – Ph. +39 055 597 8356
- La Reggia degli Etruschi – Ph. +39 333 355 6126