|| This seminar is open ONLY to EUI members ||

Join us for the next event of the 'Finance in the Tuscan Hills' seminar series, where we are happy to host Juan Carlos Crisanto, Deputy Chair - Financial Stability Institute (FSI), Bank for International Settlements (BIS).

He will be presenting his paper, Big tech interdependencies – a key policy blind spot, which he co-authored with Johannes Ehrentraud, Marcos Fabian and Amélie Monteil.

In his paper, Crisanto and his co-author explore the significant interdependencies within big tech business models, especially as they expand into the financial sector. These interdependencies encompass both internal factors, like shared infrastructure and data utilization, and external collaborations with financial institutions. The reliance on global big tech services for technological support presents operational resilience risks, prompting the need for tailored regulations for big tech operations in finance. While authorities seek interim solutions to mitigate potential financial stability risks, the paper evaluates the interdependencies of prominent big tech entities like Alibaba, Amazon, Grab, and others. It underscores the regulatory challenges and outlines available tools for financial authorities to effectively address these risks.

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Juan Carlos Crisanto, Deputy Chair - Financial Stability Institute (FSI), Bank for International Settlements (BIS)

As Deputy Chair, Juan Carlos’ primary focus are the day-to-day operations of the Institute as well as key strategic projects. He is also responsible for overseeing the FSI work on technology and innovation with special focus on financial regulatory and supervisory approaches worldwide. In addition, he leads the FSI activities on insurance supervision as well as the Institute’s capacity development programme to support financial authorities with their implementation of international regulatory standards and sound supervisory practices.

Since joining the BIS in August 2001, Juan Carlos has held various positions of increasing responsibility, including Technical Adviser, Senior Financial Sector Specialist and Member of Secretariat of the Basel Committee on Banking Supervision (BCBS). At the BCBS, his work focused on assessing Basel III implementation in BCBS member jurisdictions; developing supervisory guidance for systemically important banks; and supporting the efforts to further enhance its internal governance arrangements that led to the development of the BCBS Charter and Organisational Regulations.

Immediately before joining the BIS, Juan Carlos served as Head of the Regulation Department at the Peruvian Banking, Insurance and Pension Funds Authority (SBS). Juan Carlos holds an undergraduate Law degree from Católica University in Perú and a master’s degree from the London School of Economics and Political Science (LSE) in the United Kingdom.

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The FBF seminar series ‘Finance in the Tuscan Hills’ focuses on financial sector issues and aims to bring together researchers from across the EUI community, who share an interest in these subjects.