Data Standards and Systemic Transparency: Can Blockchain Help?
Senior Advisor for Blockchain & FinTech, EDM Council
Co-Managing Partner, FinRenaissance
President, ACTUS Financial Research Foundation
Veterans of the banking and regulatory fields discuss their efforts in the years since the crisis to promote open data standards for financial contracts in order to give regulators a clear, real-time picture of banks' risk exposures. Such efforts could also go a long way toward improving efficiencies and automating business processes at banks. Distributed ledger technology may be one piece of the puzzle.