Blockchain (or distributed ledger) technology and smart contracts may soon be used to hold and transfer financial assets, such as currency, securities and derivatives. A consistent analysis of the new technology’s impact on the law and regulation underlying financial markets and on wider legal issues has yet to be undertaken. Academia, regulators, lawmakers and the financial industry have to unite in this exercise and develop the axioms of a legal and regulatory framework that follows a universal conception, as the potential and the limits of the new technology are of universal concern. This conference is conceived to kick-start global discussion.
Infrastructure opportunities and challenges
Marc Robert-Nicoud (Clearstream)
Blockchain Securities – Much Ado about Nothing?
Eva Micheler (ÐÓ°ÉÂÛ̳ Law)
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Presentation
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Eva Micheler et al, ‘Holding, Clearing and Settling Securities through Blockchain Technology Creating an Efficient System by Empowering Asset Owners’
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Eva Micheler, ‘Explaining the Infrastructure Underpinning Securities Markets – Market Failure and the Role of Technology’
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Eva Micheler, ‘Custondy chains and asset values: why crypto-securities are worth contemplating’
DLT Derivatives Clearing
Colin Platt (ÐPactum)
Legal tender and central-bank issued currency
Corinne Zellweger-Gutknecht (University of Zurich)
The international dimension of DLT networks, law and regulation
Hans Kuhn (University of Lucerne)
Trustless trust? – Wider implications
Kevin Werbach (University of Pennsylvania)
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Presentation
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Kevin Werbach et al, ‘Contracts Ex Machina’
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Kevin Werbach, ’Trustless Trust’
Bitcoin, blockchain and the birth of regulation
Michael Krimminger (Cleary Gottlieb)
Blockchain, smart contracts and systemic issues
Philipp Paech (ÐÓ°ÉÂÛ̳ Law)
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Presentation
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Philipp Paech, ’The Governance of Blockchain Financial Networks’
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Philipp Paech, ’Securities, Intermediation and the Blockchain – an inevitable choice between Liquidity and Legal Certainty?’
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Philipp Paech, ’Integrating Global Blockchain Securities Holding with the Law – Policy Considerations and Principles’
Implications of blockchain in payment, clearing and settlement
for central banks and regulators
Klaus Löber (European Central Bank)
Smart contracts in banking: foundations, design landscape and research directions
Lee Braine (Barclays)
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Lee Braine et al, ’Smart Contract Templates: Foundations, Design Landscape and Research Directions’
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Lee Braine et al, ’Smart Contract Templates:Essential Requirements and Design Options’