Financial infrastructures, payments and digitalisation
PrintFinancial infrastructures, payments and digitalisation
Ádám Nyikes, Head of Department
Dear Applicant,
Please let us inform you that we have reached full capacity for our upcoming seminar, and unfortunately, we are no longer able to accept any additional registrations.
We appreciate your interest and apologize for any inconvenience this may cause.
Purpose of the seminar
The purpose of this seminar is twofold. On the one hand it provides an overview of the Hungarian payment and securities settlement systems, the key players, the legal and regulatory framework, the recent developments, the supervision and oversight experiences. On the other hand, the seminar aims to bring together central bankers and senior specialists of regulatory authorities interested in learning more about financial digitalisation via covering several subtopics and MNB’s activity in this field. The participants will gain knowledge on the structure and operation of the Hungarian financial infrastructure; on the role of oversight bodies, the regulatory framework, compliance, the risk management and monitoring practices, the challenges and opportunities for oversight and supervision, moreover, on the impact of EU regulations (e.g. EMIR, CSDR, PSD2, PAD). Other important aspect of the seminar will be about oversight expectations related to cyber resilience. The seminar will cover the MNB’s retail payment development policy and regulatory steps, including instant payments and card payments and the concept of the payments strategy 2030. The participants of the seminar will learn about the MNB’s digitalisation-oriented policy tools and deployed digitalisation technologies via case studies. We give overview about the status of our CBDC journey; the CBDC design aspects and theoretical considerations, our main conclusions about the CBDC projects around the world and the Hungarian pilots will be discussed as well.
Contents/ Main topics to be discussed
- Brief introduction of the Hungarian payment and securities settlement system
- Practical experiences on the effects of CSDR and EMIR regulations on the Hungarian capital market
- Introduction of Payments Strategy 2030 and the related indicator set of the MNB
- Central bank retail payments developments: focus on instant payments
- Mitigation of fraud risks in the retail payments market
- On-site IT examinations and their typical findings
- Cyber security incident reporting
- Cloud security and regulatory expectations
- Machine Learning and Artificial Intelligence on-site methodology and experience
- International and Hungarian trends in FinTech development
- MNB’s toolkit for promoting digitalisation in Hungary
- CBDC design aspects and theoretical considerations, MNB’s experiences
Target group
The target audience for the seminars includes professionals working in the financial industry, especially in the payments sector, such as regulators, supervisors, auditors, and market participants, who are interested in learning more about the specific topics covered.