Regulating Innovation: What Does It Take?
Webinar
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CGAP recently published a report on the regulation of innovation, which highlights how national policymakers can leverage innovation to create inclusive financial systems, supporting the ongoing shift toward a more digital world. The report introduces the concept of ‘vision-guided regulation’—an approach that helps financial sector regulators harness innovation for inclusive finance. This approach is centered on five key elements: (i) vision, (ii) tone at the top, (iii) innovation culture, (iv) industry engagement, and (v) mandate.
In this webinar, the presenters will focus on the practical implementation of vision-guided regulation by financial sector regulators. Featuring country examples, policy tips, and guidance, the webinar will go beyond the high-level concepts in the paper to the application of them.
Speakers
Ivo Jeník currently leads CGAP’s project on regulatory architecture at the frontier, including work on tokenization in finance, competition, and open finance supervision. He also leads CGAP’s work related to anti-money laundering and counter-terrorist financing measures, including collaboration with the Financial Action Task Force. Previously he led work on regulatory innovation (open finance, regulatory sandboxes, crowdfunding), capacity building for policy makers (regulation and supervision of digital financial services), and emerging business models in banking across continents.
His professional experience spans across both the private and public sectors. Before joining CGAP, he worked in the Responsible Financial Access team at the World Bank, where he specialized in financial consumer protection and alternative dispute resolution. His professional experience spans across both the private and public sector, including serving as a compliance officer at an investment company and as Head of the Collective Investment Department at the Czech Financial Ombudsman.
Ivo has a Master’s degree in Law from Columbia Law School in New York and a Master’s degree in Law from Charles University in Prague.
Denise Dias works primarily for the Policy Pillar at CGAP. She's specialized in prudential and market conduct financial regulation and supervision with focus on digital finance and payments. She has collaborated with CGAP since 2007, both as a consultant and as a staff member, including as manager for Latin America and the Caribbean.
Denise has over 16 years of experience with policy, regulation and supervision, and has acted as a bank examiner in the Central Bank of Brazil (prudential and market conduct). Prior, she founded and managed an internet marketing business in Brazil, and audited government programs for the Brazilian Ministry of Finance. She also works with other organizations such as the World Bank, GIZ, and Bankable Frontier, and frequently acts as a Program Leader for the Toronto Centre.
Denise holds an MBA in international banking and finance, an MBA in financial sector economics, and a bachelor’s degree in business. She speaks Portuguese and Spanish.
Mehmet Kerse works with CGAP’s policy team on the regulation and supervision of digital finance and digital payments. His recent work focuses on fintech, digital currencies, tokenization, digital banking, embedded finance, and artificial intelligence in financial services. With over 15 years of experience in financial regulation and supervision, financial inclusion, and consumer protection, Mehmet has collaborated with numerous central banks and financial regulators, primarily in Sub-Saharan Africa, Southeast Asia, Europe and Arab countries. He began his career as a bank supervisor in the Banking Regulation and Supervision Authority of Turkey and later worked on anti-money laundering and combating the financing of terrorism (AML/CFT) projects for the World Bank. He is a Certified Fraud Examiner.
He also works with other international organizations such as the World Bank, International Monetary Fund (IMF), and the United Nations Capital Development Fund (UNCDF). Mehmet holds a Master’s degree in Public Administration from Harvard University and a Bachelor’s degree in Economics from Turkey's Bilkent University.
Based in Berlin, Stefan Staschen led CGAP's Digital Financial Services Regulation and Supervision project. He has more than 20 years of experience working on financial inclusion, focusing on policy and regulatory issues in microfinance and digital financial services. He has worked with numerous regulators and supervisors primarily in Sub-Saharan Africa and South Asia, but also in Central and Eastern Europe, Southeast Asia, and Arab countries.
Before joining CGAP in 2016, Stefan worked for 15 years as an independent consultant on inclusive financial policy and lived for several years each in the United Kingdom, Kenya, and Turkey.
Stefan has a Doctorate degree from the London School of Economics and a Master’s degree in Economics from the Free University of Berlin.