In the series Legal Colloquia of the National Bank of Romania XXVIth Edition
Digitization of the banking system. Opportunities, risks, progresses
Friday, 25 March 2022
Faculty of Law, West University of Timișoara
Timișoara Business Law Centre
The tenth edition of the Banking Law Conference of Timișoara, with the theme Digitalization of the banking system. Opportunities, risks, progresses, will be held on 25 March 2022 at West University of Timișoara, Bd. Vasile Pârvan no. 4, Lecture Hall A01, and will be streamed live on the platform www.juridice.ro.
The conference is part of the prestigious series Legal Colloquia of the National Bank of Romania, and is organized by the Faculty of Law, West University of Timișoara, in collaboration with the National Bank of Romania – Legal Department.
The conference hosts professors from law and economics faculties, as well as top-level experts from the National Bank of Romania, credit institutions and law firms.
The aim of the conference is to discuss the current and complex issues of the impact of new technologies on the banking activity. The premise of the debate is that banking systems are going through a phase of structural changes under the influence of technological advancement. The digitization of banking products and operations involves not only the adaptation of traditional banking to the online environment, but also – in a new stage of banking development – the use of automated platforms and processes, including the contribution of artificial intelligence. The purpose of these transformations is to achieve ever-increasing standards of efficiency, in terms of security, cost and flexibility. The whole banking industry is therefore facing challenges in optimizing and diversifying its business. A critical
assessment from a legal perspective of the opportunities, risks and progresses made brings together theorists and practitioners in the field, in an attempt to make an accurate scan and a realistic forecast.
This event takes place under the auspices of the European Association of Banking and Financial Law (AEDBF Europe) and is financially supported, along with the organizers, by Banca Comercială Română. The media partner of the conference is juridice.ro.
This year, the conference is part of the series of events The Faculty of Law of Timișoara – 30 years, on the occasion of the anniversary of the 30th year of existence of the Faculty of Law within the West University of Timișoara.
Participants can register by accessing the following form: https://forms.gle/g5va377MeBSxBSfk8
Conference Programme
West University of Timişoara
Bd. Vasile Pârvan no. 4, Lecture Hall A01
Friday, 25 March 2022, 9-16
9:00 – 9:15 Opening of the conference
Alexandru Păunescu, Head of the Legal Department, National Bank of Romania
Professor Lucian Bercea, Dean of the Faculty of Law, West University of Timișoara
9:15 – 11:00 Session I
Alexandru Păunescu, Head of the Legal Department, National Bank of Romania
Opening remarks
Prof.univ.dr. Silviu Cerna, Faculty of Economics and Business Administration, West
University of Timișoara, former member of the Board of Directors, National Bank of
Romania
Electronic money and monetary policy
Alexandru Berea, Head of the Legal Department, Banca Comercială Română
Consumer needs of financial services – the trade-off between the requirement for fast
and cheap digital services and the provision of adequate protection
Mihai Selegean, Directeur Général Adjoint, BRD – Groupe Société Générale
Social banking vs. Social engineering
11:00 – 11:30 Coffee break
11:30 – 13:00 Session II
Professor Radu Rizoiu, Vice Dean, Faculty of Law, University of Bucharest
The software won’t allow it … On the dark side of digitization
Daniel Nicolaescu, Head of the Legal Department, Raiffeisen Bank
The digitization of banking services. How prepared is the legal infrastructure?
Alina Radu, Partner Lawyer, Nestor Nestor Diculescu Kingston Petersen (NNDKP)
The introduction of new technologies in the banking sector – short discussion on
customized solutions and flexibility in favour of users of banking services, compared to
standard solutions and contracts
Simona Petrișor, Partner Lawyer, Bondoc & Asociații
Is the European regulation adapted to the digitization of financial services? The new
regulatory directions
13:00 – 14:00 Lunch
14:00 – 15:30 Session III
Elena Iacob, Partner Lawyer, Zamfirescu Racoți Vasile & Partners (ZRVP)
The online credit agreement – between past and future
Gabriela Anton, Partner Lawyer, Țuca Zbârcea & Asociații (TZA)
The remote identification by video means
Senior Lecturer Dan-Adrian Cărămidariu, Faculty of Law, West University of Timişoara
A point of no return? Competitive advantages and legislative challenges in digital banking
Professor Lucian Bercea, Faculté of Law, West University of Timişoara
Smart contract lending
15:30 – 16:00 Conference conclusions