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Salzburg Global Explores How Radical Technology-Driven Changes are Impacting Financial Markets and Economies

Event co-organized with Securities Commission Malaysia follows the World Capital Markets Symposium on February 7

From left to right - Benjamin Glahn, Masamichi Kono, Ranjit Ajit Singh, Junko Nakagawa, Douglas Flint, and David Wright

Salzburg Global Seminar helped cap off the Securities Commission Malaysia’s (SC Malaysia) latest World Capital Markets Symposium with a candid conversation on how technology is changing the financial services industry.

The program, which took place immediately after this year’s World Capital Markets Symposium, was convened by Salzburg Global and the SC Malaysia at the Hotel Mandarin Oriental in Kuala Lumpur.

Guest speakers included Benjamin Glahn, vice president at Salzburg Global; Masamichi Kono, deputy secretary-general at the OECD; Douglas Flint, former chairman of HSBC and a member of the Salzburg Global Forum on Finance Advisory Committee; Junko Nakagawa, executive vice president, executive managing director and chief risk officer at Nomura Asset Management; and David Wright, chair of EUROFI, a partner at Flint-Global, former secretary general of IOSCO, and a member of the Salzburg Global Forum on Finance Advisory Committee.

Around 40 securities regulators, investors, bankers, and market practitioners engaged in the program and were welcomed by Ranjit Ajit Singh, chairman of the SC Malaysia. Following Singh’s remarks, Glahn, Kono, Flint, Nakagawa, and Wright engaged in discussion and debate about the topic of the 2018 Salzburg Global Forum on Finance in a Changing World, The Promise and Perils of Technology: Artificial Intelligence, Big Data, Cybercrime, and FinTech.

The annual Forum, which is off-the-record, takes place at Schloss Leopoldskron, in Salzburg, Austria each June. Public and private sector thought leaders are invited to take part in the two-day gathering, which focuses on issues critical to the future of financial markets and global economic growth and stability, and aims to stimulate important conversations on major trends unfolding across today’s financial landscape, including their implications and the responses they necessitate.

The 2018 Forum will assess how radical technology-driven changes may impact societies, economics and financial markets around the world, what this means for policy, regulation, and practitioners in the short and longer term, and how technology can be utilized positively.

Speaking after the discussion, Benjamin Glahn said, “This was a highly engaging panel and debate, and I would like to extend our sincere thanks to the Securities Commission Malaysia and Ranjit Ajit Singh for co-hosting this panel at the conclusion of a very successful World Capital Markets Symposium. I would also like to express our gratitude to each of our panelists who shared their time and expertise following the conclusion of the World Capital Markets Symposium.

“Artificial intelligence, big data, cryptocurrencies, fintech, and cybercrime heavily featured in this year’s World Capital Markets symposium, and in the discussion afterward there was an interest to engage in this area further. It’s critical for us to understand the implications and responses to the changes taking place in global financial markets, and everyone agreed that the 2018 Forum on Finance in a Changing World will be a perfect place to continue these discussions in June.”


View full set on Flickr


The Salzburg Global Seminar session, The Promise and Perils of Technology: Artificial Intelligence, Big Data, Cybercrime, and FinTech, will take place at Schloss Leopoldskron, Salzburg, Austria, between June 24 and June 26, 2018. For registration information, please click here.

 

 

12.02.2018 Category: FINANCE, JUSTICE, SALZBURG IN THE WORLD, SALZBURG UPDATES
Salzburg Global Seminar