Banking Risk & Regulation Podcast - How will crypto regulation shape the future of traditional financial services?

How will crypto regulation shape the future of traditional financial services?

07/07/21 • 53 min

The rise of blockchain and crypto assets are going to profoundly influence the future development of financial services and are naturally of great interest to supervisors.

How supervisors decide to regulate crypto will in itself play a major role in how traditional financial services adapt to this new phenomenon.

This episode looks at the approaches being taken in the EU, UK, US and some other jurisdictions and how it might impact the transition of crypto into mainstream finance. It also looks at how the recent consultation by the Basel Committee on Banking Supervision on the prudential treatment of crypto exposures will influence banks.

Exploring these issues is Yves Longchamp, head of research at SEBA Bank , a Swiss bank providing a bridge between traditional and digital assets and Lavan Thasarathakumar, the regulatory affairs director EMEA at Global Digital Finance, an association advocating for digital assets.

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The rise of blockchain and crypto assets are going to profoundly influence the future development of financial services and are naturally of great interest to supervisors.

How supervisors decide to regulate crypto will in itself play a major role in how traditional financial services adapt to this new phenomenon.

Hosted on Acast. See acast.com/privacy for more information.

Previous Episode

A conversation with the CEO Of the Dubai Financial Services Authority about ESG, crypto and regulatory reporting

Environmental, social governance (ESG) factors and the rapid rise of crypto assets and currencies and blockchain have all become major focal points for supervisors. This is necessitating, in some cases, new regulatory frameworks or adapting existing ones.

In this episode, Bryan Stirewalt, the CEO of the Dubai Financial Services Authority (DFSA) shares his insights into how the authority is approaching the regulation of crypto and he also delves into how the global adoption of ESG can be encouraged in a more standardised fashion.

Other topics covered include the DFSA’s work with international standard setters such as the Basel Committee on Banking Supervision where Mr Stirewalt represents non-Committee members.

Hosted on Acast. See acast.com/privacy for more information.

Next Episode

What impact will central bank digital currencies have on the financial system?

According to the Bank for International Settlements around 80 central banks are exploring or developing central bank digital currencies (CBDCs).

Some experts consider CBDCs to be among one of the most significant developments in the history of money. Depending on their design they could have a profound impact on the financial system and society.

This podcast explores a range of issues related to CBDCs, such as their design, should they be programmable, disintermediation of financial institutions, potential threats from stablecoins through to concerns around privacy.

Addressing those questions are John Velissarios Blockchain and Multiparty Systems - Digital Assets, Custody & CBDC Lead at Accenture and Kimmo Soramäki, founder & CEO at FNA who has worked for a number of central banks.

Hosted on Acast. See acast.com/privacy for more information.