Financial Technology, Financial Inclusion and Competition Policy

International Workshop

Financial Technology, Financial Inclusion and Competition Policy: Legal and Economic Approaches

1-2 December 2022

Program

DAY 1 – DECEMBER 1, 2022

10:00-10:30

Opening remarks by the organisers: Oscar Borgogno (Bank of Italy and TOELI Research Fellow), Giuseppe Colangelo (University of Basilicata and Stanford Law School), Cristina Poncibò (Collegio Carlo Alberto and University of Torino)

10:30 – 11:00 Coffee break

11:00-12:30

Session 1 – Experimental regulation and financial technology: where do we stand?Chair: Oscar Borgogno (Bank of Italy)

1. “The future of regulatory experimentalism” - Iris H-Y Chiu (University College London) – remotely

2. “Regulatory sandboxes and interdisciplinary expertise of market supervisors: how to cope with the new challenges of fintech innovation”- Hilary J. Allen (American University Washington College of Law)

3. “Stablecoins and financial stability: the role of regulation” - Edoardo David Martino (University of Amsterdam)

4. “ Venture Capital Contracting in Europe: Can Corporate Law Hinder the Matching of Capital and Innovation?” - Casimiro Nigro ( Goethe Universität, CAS on the Foundations of Law & Finance)

12:30-13:45 Light lunch

14:00 - 15:30

Session 2 – Competition policy, BigTechs and Open BankingChair: Giuseppe Colangelo (University of Basilicata)

1. “Data sharing frameworks in financial services/ The Hellenic Competition Commission Sector Inquiry in FinTech” - Markos Zachariadis (University of Manchester)

2. “The promise and perils of interoperability and data sharing in the financial sector” - Joshua Macey (University of Chicago Law School)

3. “Trustworthy AI and data-sharing environments: the case for regulatory sandboxes”- Laura Zoboli (University of Warsaw)

4. “Beyond PSD2: the present and future challenges of Open Finance in the EU” - Antonella Sciarrone Alibrandi (University of Milano)

15:45 – 16:15 Coffee break

16:15 - 17:45

Session 3 – Crypto economy and the law: towards new approaches?Chair: Riccardo De Caria (University of Torino)

1. “Should the law take blockchain seriously? The case of DeFi” - Edmund Schuster (London School of Economics)

2. “Assessing blockchain true potential: the case of antitrust” - Thibault Schrepel (Vrije University)

3. “What’s Next for Crypto? The role of regulation” - Claudia Biancotti (Bank of Italy) - remotely

4. “Protecting fragile individuals in the crypto economy” - Piotr Tereszkiewicz (Jagiellonian University, Cracow)

17:45 – 18:00 Keynote and Final Remarks – Professor Annamaria Lusardi (GFLEC) - remotely

DAY 2 – DECEMBER 2, 2022

09:00 – 11:10

Session 4 – Financial Literacy, portfolio and entrepreneurshipChair: Mariacristina Rossi (University of Torino and Collegio Carlo Alberto)

1. “Gender Gap and Financial Technology” - Leonardo Gambacorta (Bank for International Settlements)

2. “Financial Literacy and Small Firms” – Massimiliano Stacchini (Bank of Italy)

3. “Measurement of financial literacy (and confidence)” - Rob Alessie (University of Groningen)

4. “Beyond financial knowledge and IQ: The effect of temporal values on pension planning and financial wealth of natives and immigrants in the Netherlands” - Arthur Van Soest (University of Tilburg)

5. “Political participation and financial education: understanding policy content across-countries - Anna Lo Prete (University of Torino)

11:10 – 11:30 Coffee break

11:30 – 12:00 | Keynote speech – Alessandra Perrazzelli (Member of the Governing Board and Deputy Governor of the Bank of Italy)

12:30 – 13:15 | Session 5 – Policy implications of Financial Literacy

Chair: Elsa Fornero (University of Turin and CeRP-CCA)

1. “Financial literacy for financial inclusion: contents and methods?” – Magda Bianco (Bank of Italy)

2. “The importance of pension knowledge to deal with the longevity risk” – Elisabetta Giacomel (COVIP)

3. “ANGLE – A Network Game for Life-cycle Education” – Elsa Fornero (University of Turin and CeRP-CCA)

13:15 – 13:30 | Final remarks

13:30 – 14:30 | Light lunch

SIDE EVENT – Perspectives from Fintech start-ups: the use of data in finance

14:30 – 16:00 | Introduction: Silvia Martinelli and Andrea Piletta Massaro (University of Torino)

Chair: Carlo Rossi Chauvenet (University Bocconi, Data Valley)

1. Edoardo Degli Innocenti (Head of Business Development, Young Platform)

2. Tommaso Migliore (Ceo, MdotM)

3. Antonio De Negri (Ceo, Smart Bank)

4. Daniele Panfilo (Ceo, Aindo)

5. Alberto Mussinato (Head of Business Development, Fabrick)

16:00 – 16:15 | Workshop closing address by the organisers

16:15 – 16:30 Coffee break