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    Artificial Intelligence and Central Banking Conference 2024

    Thursday, December 19, 2024 at 8:00 AM until Friday, December 20, 2024 at 12:30 PMMalay Peninsula Standard Time UTC +08:00


    CR-E2-02, Asia School of Business (ASB) Academic
    11 Jalan Dato Onn
    Kuala Lumpur, Kuala Lumpur 50480
    Malaysia



    The rapid development of Artificial Intelligence (AI) in recent years presents both challenges and opportunities for economies and central banks alike. While AI-driven technologies promise significant productivity gains, there are valid concerns about their broader implications, particularly in labor markets and economic inequality.

    As key policy institutions, central banks find themselves at the forefront of this evolving landscape. On one hand, they will face the challenges such as displacement of workers and the reshaping of industries. On the other, they are increasingly leveraging generative AI and other advanced tools to enhance their policy analysis, decision-making processes, and overall operational efficiency.

    Balancing these dual objectives—mitigating the disruptive effects of AI while embracing its potential to improve economic outcomes—will be central to the role of central banks in the years ahead.

    Join us in this 2-day conference and introductory hands-on workshop as we attempt to shed light on these issues with presentations from academia and central bankers. Hosted by the Asia School of Business in collaboration with The SEACEN Centre.

    Event is free, in-person only.
    Register today.

    Tentative Agenda*:

    Day 1 - Conference on Thursday December-19, 2024

    TimeEvent Details*
    8:00 AM - 8:50 AMRegistration and welcome coffee
    8:50 AM – 9:00 AMWelcome address by Sanjay Sarma, CEO and Dean at Asia School of Business.
    9:00 AM - 10:00 AMKeynote speech I by David Autor, Daniel (1972) and Gail Rubinfeld Professor, Margaret MacVicar Faculty Fellow at Massachusetts Institute of Technology [Virtual]. Followed by Q&A.
    10:00 AM – 11:00 AMKeynote speech II by Cosmina Dorobantu, Co-Director, Public Policy Programme, and Policy Fellow at The Alan Turing Institute. Followed by Q&A.
    11:15 AM – 12:45 PM

    Session 1: Papers presentation.

    Chair: Ho Sui-Jade, Visiting Professor at the Asia School of Business

    Presenters:

    1. “Assessing Exposure to Automation by Artificial Intelligence in the New Zealand Labour Markets” by Christopher Ball, Senior Adviser in the Research and Analytics team in the Economics Department at Reserve Bank of New Zealand.
    2. “Automation and the Disappearance of Routine Work in Japan” by Ippei Fujiwara, Professor at Keio University, Faculty of Economics and Australian National University, Crawford School of Public Policy.
    3. "Let us Ask a GenAI Chatbot: Machine Versus Bank Survey Results” by Veronica Bayangos, Assistant Governor and Coordinator of Executive Offices, Office of the Governor at Bangko Sentral ng Pilipinas. Neil Lomibao, Research Associate III, BSP Research Academy at Bangko Sentral ng Pilipinas. Ralph Macarasig, Central Bank Associate, BSP Research Academy at Bangko Sentral ng Pilipinas.
    12:45 PM –2:00 PM Lunch & networking session
    2:00 PM - 3:30 PM

    Session 2: Papers presentation.

    Chair: Meltem Chadwick, Senior Economist at The SEACEN Centre.

    Presenters:

    1. “Implementing LLM-applications in banking supervision; the ChatDNB case.” by Jeroen Frenken, Product Owner, Cluster Lead Data & Analytics at De Nederlandsche Bank. Luca Mossink, Data scientist & Information Technology Engineer at De Nederlandsche Bank.

    2. “Leveraging Machine Learning to Track Global Investor Concerns and LLM/GenAI use cases in Bank Indonesia” by Ihsan Aviangga Putra, Economic Analyst at Bank Indonesia.

    3. “Logistic Regression makes small LLMs strong and explainable 'tens-of-shot' classifiers” by Ed Hill, Senior Research Data Scientist at Bank of England. [Virtual]
    3:30 PM - 4:45 PM

    Panel discussion: Balancing Innovation and Responsibility - Ethical and Regulatory Challenges of AI in Central Banking.

    Moderator: Ole Rummel, Director, Macroeconomic and Monetary Policy Management, The SEACEN Centre.

    Panellists:

    • Sanjay Sarma, CEO and Dean at Asia School of Business
    • Cosmina Dorobantu, Co-Director, Public Policy Programme, and Policy Fellow at The Alan Turing Institute.
    • Ian Lee, Deputy Director, Financial Development and Innovation Department, Bank Negara Malaysia.​​​
    4:45 PM - 5:00 PMClosing remarks by Sanjay Sarma, CEO and Dean of Asia School of Business


    Day 2 - Introductory Hands-On Workshop on Friday December-20, 2024

    TimeEvent Details*
    8:00 AM - 8:50 AMRegistration and welcome coffee
    9:00 AM – 12:30 PM

    Topics include central bank & public policy use cases in:

    1. Bank Supervision
    2. Economic dashboarding
    3. Central bank communication and others.

    Facilitators/instructors include:

    • Ong Shien Jin, Professor of Practice, AI & Analytics, at the Asia School of Business.
    • Jeroen Frenken, Cluster Lead Data & Analytics at De Nederlandsche Bank.
    • Meltem Chadwick, Senior Economist at The SEACEN Centre.
    • Ho Sui-Jade, Visiting Professor at the Asia School of Business.
    • Ozer Karagedikli, Professor of Practice, and the Director of the Central Banking Research Centre at the Asia School of Business.


    *The agenda/details above is subject to change

    Registration is no longer available because the registration deadline has passed.