TILT events

Data Governance in Banking and Finance: What role for the Industry?

Date: Time: 10:00 Location: Online

Tilburg Institute for Law, Technology and Society (TILT) and Tilburg Law and Economics Center (TILEC) are organizing a half-day international workshop on data governance in the financial industry. This workshop brings together academics, practitioners, and policymakers for a discussion of the role of private standard-setting bodies in financial data governance.

The workshop aims to identify and assess existing and emerging governance frameworks for financial data and in particular the role the industry is assuming in those frameworks. This workshop is organized against the backdrop of the ongoing technological transformation of the financial industry and seeks to inform current discussions about its policy implications. This event is supported by the European Research Council (ERC Consolidator Grant Agreement 725798 – REVEAL).

Workshop Description

Participants in this workshop are invited to consider private standard-setting bodies’ growing interest in financial data governance as a strategy of organizational resilience. Contributions to the workshop will reflect on questions, such as how did the emergence of the regulatory framework for financial markets contribute to private standard-setting bodies’ growing involvement with data governance? How do such bodies seek to influence data governance frameworks and are they directly involved in such frameworks? How (if at all) are private standard-setting bodies’ governance frameworks shaped by data governance frameworks? How do technological and commercial consideration factor into data governance strategies adopted by private standard-setting bodies? Are the emerging data governance frameworks adequate to address potential challenges that could arise as the technology endorsed by private standard-setting bodies becomes the focal point of the technological infrastructure of the market?


(All times are CET – Central European Time)

10:00-10:15 Welcome remarks

10:15-11:15 Panel 1: Data governance in banking: conceptual and practical considerations

10:15-10:45 Financial Data Governance: The Datafication of Finance, the Rise of Open Banking and the End of the Data Centralization Paradigm, Douglas W. Arner, Giuliano Castellano, Eriks Selga (Hong Kong University)

Discussant: M. Konrad Borowicz, Tilburg Universtiy

10:45-11:15 Financial Public Private Partnerships in the Netherlands, Eleni Kosta (Tilburg University)

Discussant: Pieter Lagerwaard, University of Amsterdam

11:15-11:30 Break

11:30-12:30 Panel 2: Data governance in derivatives markets

11:30-12:00 Regime Complexity and Managing Financial Data Streams: The Orchestration of Trade Reporting for Derivatives, Lucia Quaglia (University of Bologna) and Aneta Spendzharova (Maastricht University)

Discussant: Clive Ansell, International Swaps and Derivatives Association

12:00-12:30 Of Standards and Technology: ISDA and Technological Change in the OTC Derivatives Market, Pierre Schammo (Durham University)

Discussant: Ciarán McGonagle, International Swaps and Derivatives Association

12:30-12:45 Break

12:45-13:45 Panel 3: The public-private divide in financial data governance

12:45-13:15 Public Interest Considerations in Financial Data Governance: The Case of the Global Legal Entity Identification System, M. Konrad Borowicz and Stephanie Bijlmakers (Tilburg University)

Discussant: Panos Delimatsis, Tilburg University

13:15-13:45 Polycentric Governance of Digital Finance, Pedro Magalhães Batista (Leeds University)

Discussant: Oscar Borgogno (Banca d’Italia)

13:45-14:00 Concluding remarks

  • Clive Ansell (International Swaps and Derivatives Association)
  • Douglas W. Arner (Hong Kong University)
  • Pedro Magalhães Batista (Leeds University)
  • Oscar Borgogno (Banca d’Italia)
  • M. Konrad Borowicz (Tilburg University)
  • Stephanie Bijkmakers (Tilburg University)
  • Giuliano Castellano (Hong Kong University)
  • Panos Delimatsis (Tilburg University)
  • Eleni Kosta (Tilburg University)
  • Pieter Lagerwaard (University of Amsterdam)
  • Pierre Schammo (Durham University)
  • Eriks Selga (Hong Kong University)
  • Aneta Spendzharova (Maastricht University)
Workshop Access Details

Register here

For more information contact Konrad Borowicz m.k.borowicz@tilburguniversity.edu