Marcel Beer Kremnitzer

As AI adoption accelerates globally, governments in the global south are shaping data regulations to govern its development and use. The EU and GDPR have set global benchmarks for responsible AI governance, but do these frameworks guide or constrain adoption of AI in the Global South? Should stringent AI governance frameworks be replicated, adapted or reimagined for emerging markets?  How do these policies impact SMEs, startups and institutions broadly, given compliance costs, regulatory capacity and skills gap.

1. How can policymakers and businesses in the Global South balance AI expansion with consumer rights, economic growth, and local challenges such as digital literacy and limited AI infrastructure?
2. Can a risk-based approach to AI regulation ensure ethical deployment without stifling local innovation?
3. SMEs are key to job creation. How can governments introduce scaled compliance to encourage SME growth whilst balancing accountability
4. Are regional data sharing agreements the way to go, balancing sovereignty of data and facilitating regional trade and growth

This roundtable serves as the first part of a discussion that will be followed up at the Global SME Finance Forum 2025 in South Africa. Part 2 can consider including the practical voice of SMEs and their challenges. Presenters will also be invited to participate in Part 2 in South Africa.

The case for tokenization varies across asset classes and jurisdictions. The calculus – and speed of adoption of technology - is likely to be different for existing financial centres, tied to traditional financial market infrastructure and where incumbents have significant sway and large parts of the population have access to digital money and financial services, and emerging economies, which can leapfrog. Despite that, the public discussion and the discussion in global fora is heavily shaped by the experience of AEs. This roundtable would aim to address that gap, identifying use cases prevalent in Emerging Market and Developing Economies_ (_EMDEs) and fostering an exchange about options to regulate tokenization. It would be complementary to the work IOSCO has done so far, and supportive of the current workstream on tokenization.

This roundtable will bring together market participants and regulators from select EDME jurisdictions to discuss:

a.       Specific use cases for tokenisation in EMDEs

b.       Key regulatory and policy considerations, including barriers to tokenisation

c.       Regulatory innovation initiatives and challenges of moving from experimentation to regulatory reform

Global payments sit at the heart of the financial system — connecting businesses, people, and economies across borders. But currently, they’re often too slow, too expensive, and too complex, especially for small businesses and developing markets. At the same time, the landscape is shifting fast: instant payment systems, stablecoins, and new global standards are all reshaping the way money moves.

This panel brings together leaders who are directly shaping that future — to explore how policymakers, regulators, and international bodies like the BIS can work together to build a faster, safer, and more inclusive global payments ecosystem.