Banco de Portugal publishes report on the international conference entitled ‘Banking Conduct Supervision: new challenges ten years after the financial crisis’

The conference, held in Lisbon, brought together speakers from around the world to reflect on the banking conduct supervision agenda and the growing challenges for consumer protection in the area of financial products and services, in particular those arising from financial innovation in a digital ecosystem. The event also compared the Portuguese experience with international best practice.

The conference was structured around three panels on the areas of activity of Banco de Portugal’s banking conduct supervision: ‘Banking Regulation: recent developments and future prospects’, ‘Banking Supervision: oversight tools for the new digital ecosystem’ and ‘Financial education: young people in the digital age’.

The report, with a foreword written by the Vice-Governor of Banco de Portugal, Luís Máximo dos Santos, compiles the addresses of the conference speakers:

Opening address

Carlos da Silva Costa, Governor of Banco de Portugal

Panel I. Banking Regulation: recent developments and future prospects

Pedro Duarte Neves, Chair of the Standing Committee on Consumer Protection and Financial Innovation of the European Banking Authority (EBA)

Fernando Faria de Oliveira, Chairman of the Portuguese Banking Association (APB)

Vinay Pranjivan, Associação Portuguesa para a Defesa do Consumidor (DECO)

Teresa Moreira, Head of the Competition Policy and Consumer Protection Branch of the United Nations Conference on Trade and Development (UNCTAD)

Panel II. Banking Supervision: oversight tools for the new digital ecosystem

Magda Bianco, Head of the Consumer Protection and Anti-Money Laundering Directorate of Banca d’Italia

Fernando Tejada, Head of the Market Conduct and Claims Department of Banco de España

Maria Lúcia Leitão, Head of the Banking Conduct Supervision Department of Banco de Portugal

Intervention on the importance of financial education for young people

João Costa, Secretary of State of Education

Panel III. Financial education: young people in the digital age

Annamaria Lusardi, Denit Trust Endowed Chair of Economics and Accountancy at the George Washington University School of Business, Director of the Global Financial Literacy Excellence Center and Chair of the OECD International Network on Financial Education’s Research Committee

Manuel Pereira, Director of the Group of Schools General Serpa Pinto (Cinfães)

Isabel Alçada, President of the ‘Todos Contam’ contest and Advisor on Education to the President of the Republic

Closing address

Pedro Siza Vieira, Deputy minister

Luís Máximo dos Santos, Vice-Governor of Banco de Portugal