Conference: New Frontiers – Technology, Finance, and Regulation
From distributed ledgers and smart contracts, to data mining, algorithmic trading, and robo-advisors—new technologies are rapidly changing the face of the financial services industry. These technologies hold out the promise of more efficient financial intermediation, deeper and more liquid financial markets, and enhanced choice for consumers of financial products. Yet many of the new financial market players and institutions that have sought to capitalize on these technologies are also the source of potentially significant and poorly understood risks.
The often-praised absence of intermediation, for example, may also be one these new markets’ greatest problems—with investors left to their own devices without appropriate guidance from more sophisticated players. Such risks pose a range of challenges for policymakers responsible for promoting consumer and investor protection, ensuring the safety and soundness of financial institutions, and safeguarding the financial system from widespread panic and instability.
Further details at: here.