LTMS 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: The public-private divide in financial data governance

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)

10:45-11:15 Polycentric Governance of Digital Finance, Pedro Magalhães Batista (Leeds University)

11:15-11:30 Break

11:30-12:30 Panel 2: Public orchestration of financial data governance regimes

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)

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

12:30-12:45 Break

12:45-13:45 Panel 3: Financial data governance regimes with direct public involvement  

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

13:15-13:45 Financial Public Private Partnerships in the Netherlands, Eleni Kosta, Magdalena Brewczyńska, Bart van der Sloot (Tilburg University)

13:45-14:00 Concluding remarks

  • Douglas W. Arner (Hong Kong University)
  • Giuliano Castellano (Hong Kong University)
  • Pedro Magalhães Batista (Leeds University)
  • Aneta Spendzharova (Maastricht University)
  • Pierre Schammo (Durham University)
  • M. Konrad Borowicz (Tilburg University)
  • Panos Delimatsis (Tilburg University)
  • Eleni Kosta (Tilburg University)
Workshop Access Details

To be announced.

For more information contact Konrad Borowicz