Bank of Lithuania
September 29 09:30 - 17:30

On the occasion of the centenary of Lietuvos bankas, Lietuvos bankas and the Bank for International Settlements (BIS) are organising the conference “Future of Central Banking”. The conference will be held on 29 September 2022 in Vilnius at the Palace of the Grand Dukes of Lithuania.

#LB100 | This conference is one of the events organised on the occasion of the centenary of Lietuvos bankas.

This high-level policy conference provides a unique opportunity for leading members of the central banking and academic communities to discuss the evolution of central banking in the face of the current challenges. The conference will welcome governors of banks within the BIS system and other central banks, experts from international institutions, policymakers, as well as representatives of state institutions and academia.

The conference is free of charge and will be held onsite. The conference will be livestreamed (the link to the livestream will be available on this page).

About the programme:

The conference “Future of Central Banking” will be divided into two sessions and Policy Panel.

The first session is focused on the ideal counter-cyclical policy mix for the future – the respective roles and the division of responsibilities among monetary, fiscal and macroprudential policies – and on how to navigate monetary policy in the context of long-term challenges, such as climate change, digitalisation, population aging and increasing inequality.

The second session is centred on the challenges and opportunities of central banks as a result of technological innovation and cutting-edge practices of data management and analysis.

Discussion in the Policy Panel aims to touch upon the fundamental question of central bank independence.

SPEAKERS (629.5 KB download icon)

Programme

Wednesday, 28 September

19:00                

PRE-CONFERENCE OFFICIAL DINNER (by invitations only)
Dinner speech: Prof. Michael Bordo, Rutgers University                                                                                                                          


Thursday, 29 September

09:30

Registration and welcome coffee 

10:00–10:30

Opening remarks:
Gitanas Nausėda, President of the Republic of Lithuania

Gediminas Šimkus, Chair of the Board, Lietuvos bankas
Luiz Pereira da Silva, Deputy General Manager, Bank for International Settlements

SESSION 1

Policy mix of the future: the role of monetary, fiscal and macroprudential policies

10:30–10:45

Prof. Markus Brunnermeier, Princeton University 

10:45–11:00

Mário Centeno Governor, Banco De Portugal

11:00–11:15

Luis de Guindos, Vice-President, ECB 

11:15–11:30

Mārtiņš Kazāks, Governor, Latvijas Banka

11:30–11:45

Ashok Bhatia,  Director of International Monetary Fund's Offices in Europe

11:45–12:30

Panel discussion
Chair: Vitas Vasiliauskas, Adviser to the Prime Minister of the Republic of Lithuania, Former Chair of the Board of Lietuvos bankas

 

Panellists: 

  • Prof. Markus Brunnermeier, Princeton University 
  • Mário Centeno Governor, Banco De Portugal
  • Luis de Guindos, Vice-President, ECB 
  • Mārtiņš Kazāks, Governor, Latvijas Banka
  • Ashok Bhatia,  Director of International Monetary Fund's Offices in Europe
  • Stefan Ingves, Governor, Sveriges Riksbank
12:30–13:45

Lunch

SESSION 2

Central bank as a pool of real-time data: the “Whys” and the ”Hows”

13:45–14:00

Piero Cipollone, Deputy Governor, Banca d’Italia

14:00–14:15

Elizabeth McCaul, Member of the Supervisory Board, ECB

14:15–14:30

Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department, IMF 

14:30–14:45

Dave Ramsden, Deputy Governor, Bank of England

14:45–15:00

Andrea Maechler, Member of the Governing Board, Swiss National Bank 

15:00–15:45

Panel discussion
Chair: Marius Jurgilas, Member of the Board, Lietuvos bankas

 

Panellists: 

  • Piero Cipollone, Deputy Governor, Banca d’Italia
  • Elizabeth McCaul, Member of the Supervisory Board, ECB
  • Dave Ramsden, Deputy Governor, Bank of England
  • Andrea Maechler, Member of the Governing Board, Swiss National Bank 
15:45–16:00

Coffee break

POLICY PANEL

Maintaining central bank independence in the face of fiscal dominance risks, expanding central bank mandates, and other challenges

16:00–17:30

Chair: Gediminas Šimkus, Chair of the Board, Lietuvos bankas

 

Panelists:

  • Luiz Pereira da Silva, Deputy General Manager, Bank for International Settlements
  • Paweł Szałamacha, Member of Management Board, National Bank of Poland 
  • Adrian Orr, Governor, Reserve Bank of New Zealand
  • Madis Müller, Governor, Eesti Pank
  • Boris Vujčić, Governor, Hrvatska Narodna Banka

 

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Consent to process personal data of an event participant

           I agree that my personal data (title, name, surname, email address, telephone number, institution and job title, travel details to and from Lithuania, information about my participation in different parts of the event, dietary restrictions) is received and processed by the Bank of Lithuania for the purpose of organising the Lietuvos bankas and Bank for International Settlements Joint Conference “Future of Central Banking” to be held on 28-29 September 2022.

           I agree that my personal data (video and/or photos) is received and processed by the Bank of Lithuania for the public broadcast of the event, on the official website of the Bank of Lithuania at www.lb.lt and Bank of Lithuania’s profiles on Youtube, Linkedin, Twitter and Facebook. The purpose of processing personal data is to inform the public about the activities of the Bank of Lithuania by presenting the Bank of Lithuania’s events to the public.

         I agree that my personal data (video and/or photos) is processed by the Bank of Lithuania for the publication of the video recording and/or photos of the event on the official website of the Bank of Lithuania at www.lb.lt, Youtube, Linkedin, Twitter and Facebook profiles.

The purpose of processing personal data is to inform the public about the activities of the Bank of Lithuania by presenting the Bank of Lithuania’s events to the public.

         I agree to receive request for survey after the event, to my email, given in the registration form. The data obtained will be depersonalised and analysed for event quality assurance purpose only.

I am informed that:

1. The data controller is the Bank of Lithuania, Gedimino pr. 6, LT-01103, Vilnius, email address tl.bl@ofni

2. Personal data will be obtained from me and service providers responsible for broadcasting and video recording the event.

3. The legal basis for processing is Articles 6(1)(a) and 9(2)(a) of Regulation (EU) 2016/679 (data subject’s consent).

4. In case I do not want to be filmed or photographed, I can watch the conference remotely on the website of the Bank of Lithuania (www.lb.lt)

5. Personal data will be retained for the following periods:

5.1. Name, surname, email address, telephone number, job title, workplace, details of travel to and from Lithuania (flight dates, numbers, departure/arrival place and time), accommodation information (hotel name) processed for the purpose of organising the event will be retained for 1 (one) year after the end of the event, dietary requirements for two weeks after the event.

5.2. The video recording, photographs taken during the event will be retained for as long as they are relevant for the purpose of informing the public about the activities of the Bank of Lithuania, 10 years from the date of the event or until I withdraw my consent.

5.3. This consent and my personal data referred to herein will be retained for two years from the withdrawal of the consent or date of adoption of the Bank of Lithuania’s decision to stop processing personal data for the purposes specified in the consent. This period may be extended if the personal data are used or may be used as evidence or source of information during a pre-trial or other investigation, including an investigation conducted by the State Data Protection Inspectorate, civil, administrative or criminal proceedings or in other cases provided for by law. In such a case personal data may be retained for as long as necessary for these processing purposes and destroyed as soon as they are no longer necessary.

6. Personal data will be transferred to data processors engaged by the Bank of Lithuania for the purposes specified in this consent.  Personal data collected on the basis of this consent may be transferred to the court, law enforcement agencies or state authorities to the extent necessary to defend the rights and legitimate interests of the Bank of Lithuania, defend against lawsuits, claims and to the extent that such provision is required by legal acts. Personal data will be accessible to persons watching the broadcast of the event and viewing the video recording of the event.

7. Personal data will be processed in accordance with Regulation (EU) 2016/679 of the European Parliament and of the Council on the protection of natural persons with regard to the processing of personal data and on the free movement of such data and repealing Directive 95/46/EC (hereinafter – Regulation (EU) 2016/679), the Republic of Lithuania Law on the Legal Protection of Personal Data legal acts of the Bank of Lithuania regulating the processing of personal data. The Bank of Lithuania will process data lawfully, fairly and transparently, in accordance with the requirements laid down by legal acts and only for the purposes set out in this consent.

8. The Bank of Lithuania will process personal data only in the territory of the European Union. We currently have no intention to transfer and do not transfer your personal data to processors or recipients in third countries.

9. The data will not be used to make automated decisions about me, including profiling.

10. I know that I have the following rights: to know about the processing of personal data; to have access to my personal data; to request rectification of my personal data or restriction of processing; the right to data portability; the right to be forgotten. I can exercise these rights to the extent and in accordance with the procedure laid down in Regulation (EU) 2016/679 and Description of the Procedure for Implementing the Rights of Data Subjects at the Bank of Lithuania approved by Resolution No 03-86 of the Board of the Bank of Lithuania of 24 May 2018 approving the Description of the Procedure for Implementing the Rights of Data Subjects at the Bank of Lithuania.

Requests to exercise the rights must be submitted to the Bank of Lithuania in writing (including those submitted electronically) and must make it possible to identify the person submitting the request (where the request is submitted by a representative of the data subject) and the data subject. The identity of the data subject will be established according to the identity document or by electronic means of communication which permit the proper identification of the person. If the data subject sends the request by post or courier, the request must be accompanied by a copy of the data subject’s identity document certified by a notary or a copy equivalent to notarial certification. Where a representative of the data subject requests information on the data subject, he/she must present a document certifying his/her power of representation and his/her identity document. If the request is submitted by email, the request must be made in such a way that the electronic signature and the person making the request can be identified.

11. I have the right to withdraw this consent at any time and to demand the cessation of further processing of my personal data on the basis of my consent. The withdrawal of the consent has no effect on the lawfulness of processing of personal data based on the consent prior to its withdrawal.

12. I may at any time contact the Data Protection Officer of the Bank of Lithuania on any issues related to the processing of personal data and the exercise of the data subject’s rights using the following contact details: email address tl.bl@aguaspaunemoud, correspondence address Totorių g. 4, LT-01121, Vilnius, letter addressed to the Data Protection Officer of the Bank of Lithuania.

13. I have the right to lodge a complaint with the supervisory authority which is the State Data Protection Inspectorate (L. Sapiegos g. 17, LT-10312 Vilnius; tel. (8 5) 212 7532; email: tl.ada@ada) in the Republic of Lithuania or a supervisory authority in another Member State of the European Union in which I have my permanent place of residence, place of work or in which the alleged infringement took place. If you believe that we are processing your data in breach of data protection laws, we always ask you to contact us directly in the first place to find a mutually acceptable solution.

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Last update: 27-09-2022