Third edition: 06 September – 01 October 2021
Registration deadline: 02 September 2021
This 4-week online course will provide legal practitioners, regulators/supervisors and academics with a and in-depth understanding of the impact FinTech has on the future shape of financial regulation and neighbouring areas of regulation. The course is designed to include both theory and hands-on experience through a balanced mix between live online activities and self-paced progression through the curriculum.
The course content will be delivered using a mix of:
- pre-recorded lectures given by our four co-instructors
- interviews with experts from leading market participants, such as Barclays, Revolut and London Stock Exchange Group, as well as academics from University College Cork and Oxford University;
- live online classes, led by our four instructors and the team of teaching assistants, allowing for consolidation of the course material, group work on case studies and open Q&A sessions.
In between live session, in-depth learning will be facilitated by our teaching assistants supporting participants individually and during group work.
Collaborative tools will be available to ensure an interactive training experience close to the physical classroom.
What you will learn
- Explain the panorama of financial regulation, with respect to FinTech.
- Outline the general role of technology for the provision of financial services.
- Illustrate recent examples of FinTech innovations in the financial services sector
- Define current technology-induced market trends.
- Formulate the steps necessary for innovation (as an aspect of market efficiency) in appropriate balance with the regulatory rationales.
- Provide examples of use cases of AI-based financial services, for both customers and markets and conceptualise relvant opportunities and risks.
- Provide examples of use cases of crypto-assets, and identify relevant opportunities and risks.
- Map the further the evolution in the regulation of artificial intelligence and crypto-assets.
- Analyse the compatibility of technology-enabled financial services with data regulation and discuss the emerging EU and global regulatory framework.
- Summarise the possible future evolution of RegTech and SupTech and assess the potential associated benefits.
- Discuss the future evolution European and international supervisory structures for the financial market.
- Understand regulation as an enabler of technology-enabled market practices, and an important element determining global competition and promoting European values.
- Review the legislative proposals in the framework of the European Commission’s Digital Finance Strategy on the ‘Regulation on Markets in Crypto Assets’ (MiCA) and the ‘Digital Operational Resilience Act’ (DORA)
Format and Schedule
This format will bring to your own devices the course material and interactions with instructors, teaching assistants and other participants.
Live activities will consist of interactive online lectures, delivered by the course instructor, as well as case studies and scenario-based exercises, where you will be working in small groups alongside other course participants.
The course format will give ample room to Q&A and collaboration. You will benefit from close guidance and supervision throughout the whole course, with multiple occasions for individual feedback and interactions with the instructor and teaching assistants.
The course will require 18 hours to be completed.Schedule
06 September: Opening of the course, Kick off live session*
06 September – 01 October: Participants are expected to devote 8 hours for progressing in self-paced course content (video material, reading), and 10 hours for attending live sessions (mandatory participation).
Live sessions* (all held 12:00 PM – 2:30 PM (CET)
- 09 September: First live class
- 16 September: Second live class
- 23 September: Third live class
- 30 September: Fourth live class March
* Participation in live sessions is a mandatory course requirement
- Fintech and the principles of regulating financial markets
- The role of technology in providing financial services
- Technology-enabled structural change in financial markets
- Ai-based financial services
- Financial regulation and data regulation
- Regtech and suptech, standardisation
- Set up of supervision
- Priorities in fintech regulation and global competition
Philipp Paech is an Associate Professor of Financial Law and Regulation at LSE. He joined LSE in 2010 and is now the Director of LSE’s Law and Financial Markets Project.
Since 2007, he has been a Fellow at the Institute for Law and Finance at the University of Frankfurt, becoming a Visiting Professor in 2015. Before joining the LSE, he spent many years at the heart of international legal and regulatory reform of the financial sector, working from 2007-2010 for the European Commission DG FISMA, and from 2002-2006 for UNIDROIT in Rome. Philipp holds a doctorate from the University of Bonn and obtained the Diploma of EU Studies from the University of Toulouse. He is a qualified lawyer admitted to the Bar of Frankfurt and a CEDR-accredited mediator in the UK. He has been awarded LSE’s Excellence in Education Award 2017-18.
His research spans the whole spectrum of financial law and regulation, including technology-enabled innovation. Philipp is the Chairman of the EU Commission’s Expert Group on Regulatory Obstacles to Financial Innovation (ROFI-Group) and the lead author of ’30 Recommendations on Regulation, Innovation and Finance’, published by the EU Commission in December 2019.
Peter Kerstens is Advisor on Technological Innovation and Cybersecurity at the European Commission’s Directorate-General for Financial Stability, Financial Services and Capital Markets Union. He has led work on the European Commission’s Fintech Action Plan. He has extensive experience in EU policy and legislation covering financial services and single market policy and regulation, electronic commerce and payments, health and consumer protection. Prior to his current position Peter covered international financial regulation questions and was Finance Counsellor at the EU Embassy in Washington DC. He has also been a Member of the Private Offices of Commissioners Charlie McCreevy and David Byrne. Before joining the European Commission in 1996, Peter advised major financial services companies on EU regulatory affairs. He is a Dutch national and holds a master degree in European affairs from the College of Europe in Bruges and a master degree in political science from the University of Leuven, Belgium.
Klaus Martin Löber is the Chair of the CCP Supervisory Committee at the European Securities Markets Authority (ESMA) in Paris. His areas of responsibility encompass the supervision of central counterparties as well as related EU and global regulatory activities. Prior to this, he was Head of the Oversight Division of the European Central Bank in charge of the oversight of financial market infrastructures, payments instruments and schemes. Earlier positions include the Head of the Secretariat of the Committee on Payments and Market Infrastructures, the global standard setting body in the area of payments, clearing and settlement as well as the European Commission, Deutsche Bundesbank and private practice.
Elisabeth Noble is a Senior Policy Expert at the European Banking Authority. She represents the EBA in EU and international standard-setter policy work streams relating to FinTech, market-based finance, financial system interconnectedness, market access and the regulatory perimeter. She leads the EBA’s work on crypto-assets and innovation facilitators and coordinates the European Forum for Innovation Facilitators. She is contributing to the development of the new EU Digital Finance Strategy and was a member of the European Commission’s Expert Group on Regulatory Obstacles to Financial Innovation (now disbanded). Prior to joining the EBA, Elisabeth spent 7 years at HM Treasury advising primarily on the UK government’s response to the financial crisis and the post-crisis domestic and EU regulatory reforms (2008-14), including the reforms to the regulatory architecture in the EU (Banking Union). Elisabeth has also spent some time in the private sector.
Senior experts and interviewees from the public and private sector tba
Degree required to be able to follow the course
Graduate degree in Law or Economics, or equivalent.
Prior knowledge required to be able to follow the course
Prior professional exposure to financial regulation.
Technical equipment required
A good internet connection, headphones with a microphone and a webcam.
To join the live classes you will need to have the Zoom software installed on your computer and a webcam/microphone
FeesEarly bird fees apply only for private sector and public authorities until 18 July
1.100€ – Public Authorities – e.g. National Competent Authorities, Central Banks and European Institutions.
1.200€- Private Sector
800€ – Academics (Full-time Professors, full-time PhD Students and full-time Research Associates).
Please submit a certificate attesting your status of Professor, PhD Student or Research Associate to firstname.lastname@example.org 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 one week before the start of the course.
A certificate of attendance will be provided to all participants after the course.
- Registered participants can cancel their participation and ask for a refund until three weeks (16 August) before the start of the course, by sending an email to the FBF secretariat. Past that date, refund requests will no longer be accepted by the Secretariat (unless for compelling and motivated reasons).
- In case a course is cancelled, registered participants can request a total refund or request a voucher to attend another FBF course.
- In case a course is postponed to another date, registered participants have the following three options: request a voucher to attend another FBF course, transfer their registration to a colleague or request a refund.
For more details, please contact email@example.com
FINTECH - Innovation, Finance and Regulation
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