Past Event

Hybrid threats in the financial system

This one-day workshop focused on hybrid threats in the context of the financial system by examining vulnerabilities and raising awareness, looking for solutions in the form of effective protection measures and improved resilience.

Date: February 12, 2020, 8:30 am Topic: Banking and capital markets

In cooperation with Hybrid CoE, this event was organised to explore the implications of hybrid threats for the governance of the financial system in Europe, as well as the governance of the related security infrastructures. Particular attention was paid to potential systemic gaps, which would open up possibilities for adversaries to use hybrid influence against economic and financial systems to create disturbances and prevent economic development and financial activities.

Topics that were covered included: vulnerabilities from a system-wide perspective, FinTech companies, foreign direct investment, market manipulations, future technologies and the link between finance and the security domain.

This event was open only to Bruegel’s Membership programme and select experts.

Schedule

Feb 12, 2020

09:00-09:30

Check-in and welcome coffee

09:30-09:50

Welcome and opening remarks

09:50-10:15

Presentation of the Taxonomy

10:15-12:00

Economic sovereignty and Hybrid influence

Chair: Teija Tiilikainen, Director, Hybrid CoE

Heiko Borchert, Managing Director, Borchert Consulting & Research AG

Jukka Savolainen, Director COI VR, Hybrid CoE

Guntram B. Wolff, Director

12:00-13:00

Lunch

13:00-14:30

Virtual and Physical threats in EU

Chair: Teunis Brosens, Senior Economist at ING

Maria Demertzis, Deputy Director

Nina Lange, Senior Policy Officer European and International Affairs, Ministry of Economic Affairs and Climate Policy, The Netherlands

Jaakko Weuro, Financial Services Counsellor, Permanent Representation of Finland to the EU

A speaker from the Ministry of Justice and Security, The Netherlands

14:30-15:00

Coffee break

15:00-16:30

Situational awareness and resilience building

Chair: Pablo Zalba, Head of Regulation and Public Policy, Deloitte

Atso Andersén, Lead Consultant, CGI

Dirk Clausmeier, Deputy head of Division, German Federal Ministry of Finance

César Pérez-Chirinos, Techology and Innovation Adviser, Ministry of Economic Affairs and Digital Transformation, Spain

Nicolas Véron, Senior Fellow

16:30-17:00

Panel: Taxonomy (discussion and suggestions for future work)

17:00

End

Speakers

Atso Andersén

Lead Consultant, CGI

Heiko Borchert

Managing Director, Borchert Consulting & Research AG

Dirk Clausmeier

Deputy head of Division, German Federal Ministry of Finance

Maria Demertzis

Deputy Director

Päivi Heikkinen

Head of Payments Department, Bank of Finland

Nina Lange

Senior Policy Officer European and International Affairs, Ministry of Economic Affairs and Climate Policy, The Netherlands

César Pérez-Chirinos

Techology and Innovation Adviser, Ministry of Economic Affairs and Digital Transformation, Spain

Jukka Savolainen

Director COI VR, Hybrid CoE

Teija Tiilikainen

Director, Hybrid CoE

Nicolas Véron

Senior Fellow

Jaakko Weuro

Financial Services Counsellor, Permanent Representation of Finland to the EU

Guntram B. Wolff

Director

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Katja Knezevic

[email protected]

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