20th Anniversary · 1999 - 2019

Roundtable: March 3, 2017 Reading Materials

Overview

  1. Presentation
  2. Christian Catalini and Joshua Gans, Some Simple Economics of the Blockchain, NBER Working Paper No. 22952 (Dec. 2016)

Panel Discussion I: “Increasing Payment Efficiency”

  1. Presentations
  2. David Mills, Kathy Wang, Brendan Malone, Anjana Ravi, Jeff Marquardt, Clinton Chen, Anton Badev, Timothy Brezinski, Linda Fahy, Kimberley Liao, Vanessa Kargenian, Max Ellithorpe, Wendy Ng, and Maria Baird, Distributed ledger technology in payments, clearing, and settlement, Finance and Economics Discussion Series 2016-095. Washington: Board of Governors of the Federal Reserve System (2016)
  3. Bank for International Settlements, Committee on Payments and Market Infrastructures, Distributed ledger in payment, clearing and settlement: an analytical framework (Feb. 2017)
  4. Board of Governors of the Federal Reserve System, Federal Reserve Policy on Payment System Risk (as amended effective Sept. 23, 2016)
  5. The Federal Reserve System, Strategies for Improving the U.S. Payment System (Jan. 26, 2015)
  6. The Federal Reserve System, Strategies for Improving the U.S. Payment System: Progress Report (Jan. 2017)
  7. The Faster Payments Task Force, The U.S. Path to Faster Payments: Part I (Jan. 2017)
  8. Jessie Cheng & Benjamin Geva, Understanding Block Chain and Distributed Financial Technology: New Rails for Payments and an Analysis of Article 4A of the UCC, ABA Business Law Today (Mar. 2016)  
  9. Jessie Cheng, Alaina Gimbert, and Joseph Torregrossa, Innovation in Payments: Does it Matter How I Pay?, ABA Business Law Today (forthcoming)
  10. Delbrueck & Co. v. Manufacturers Hanover Trust Co., 609 F.2d 1047 (2d Cir. 1979)
  11. Evra Corp. v. Swiss Bank Corp., 673 F.2d 951 (7th Cir. 1982)

Panel Discussion II: “Post-Trade Clearing and Settlement”

  1. David Mills, Kathy Wang, Brendan Malone, Anjana Ravi, Jeff Marquardt, Clinton Chen, Anton Badev, Timothy Brezinski, Linda Fahy, Kimberley Liao, Vanessa Kargenian, Max Ellithorpe, Wendy Ng, and Maria Baird, Distributed ledger technology in payments, clearing, and settlement, Finance and Economics Discussion Series 2016-095. Washington: Board of Governors of the Federal Reserve System (2016)
  2. Bank for International Settlements, Committee on Payments and Market Infrastructures, Distributed ledger in payment, clearing and settlement: an analytical framework (Feb. 2017)
  3. International Organization of Securities Commissions (IOSCO), Research Report on Financial Technologies (Fintech) 4-9, 47-75 (Feb. 2017)
  4. Financial Industry Regulatory Authority, Distributed Ledger Technology: Implications of Blockchain for the Securities Industry (Jan. 2017)
  5. European Securities and Markets Authority, Report on Distributed Ledger Technology Applied to Securities Markets (Jan. 7, 2017)
  6. Andrea Pinea and Wiebe Ruttenberg, Distributed ledger technologies in securities post-trading: Revolution or evolution?, Occasional Paper Series of the European Central Bank/Eurosystem (Apr. 2016)
  7. DTCC, Embracing Disruption: Tapping the Potential of Distributed Ledgers to Improve the Post-Trade Landscape, January 2016
  8. Press Release, DTCC, DTCC Selects IBM, AXONI and R3 to Develop DTCC’s Distributed Ledger Solution for Derivatives Processing (Jan. 9, 2017)
  9. Press Release, DTCC and Digital Asset to Develop Distributed Ledger Solution to Drive Improvements in Repo Clearing (Mar. 29, 2016)
  10. Press Release, DTCC & Digital Asset Move to Next Phase after Successful Proof-of-Concept for Repo Transactions Using Distributed Ledger Technology (Feb. 27, 2017)
  11. Digital Asset, The Digital Asset Platform: Non-Technical White Paper (Dec. 2016)
  12. Digital Asset, The Global Synchronization Log (Nov. 2016)
  13. Australian Stock Exchange, CHESS (Clearing House Electronic Subregister System) Replacement Webpage

Panel Discussion III: “Smart Contracts”

  1. Nina Kilbride, Enforcing Legal Smart Contracts, Monax Blog (Aug. 18, 2016)
  2. Norton Rose Fulbright and R3, Can smart contracts be legally binding contracts? Key Findings (Nov. 2016)
  3. International Swaps and Derivatives Association (ISDA) Whitepaper, The Future of Derivatives Processing and Market Infrastructure (Sept. 2016)
  4. Mark Flood and Oliver Goodenough, Contract as Automaton: The Computational Representation of Financial Agreements, Office of Financial Research Working Paper (Mar. 26, 2015)
  5. Max Raskin, The Law of Smart Contracts, 2 Geo. L. Tech. Rev. ___ (forthcoming April 2017)

Panel Discussion IV: “The Central Bank Perspective”

  1. Mark Carney, Governor of the Bank of England and Chair of the Financial Stability Board, The Promise of FinTech – Something New Under the Sun?, Speech given at the Deutsche Bundesbank G20 conference on “Digitising finance, financial inclusion and financial literacy” (Jan. 25, 2017)
  2. Mark Carney, Governor of the Bank of England, Enabling the FinTech transformation: Revolution, Restoration, or Reformation?, Speech that was to have been given at the Lord Mayor’s Banquet for Bankers and Merchants of the City of London at the Mansion House, London (Jun. 16, 2016)
  3. Svein Andresen, Secretary General, Financial Stability Board, Remarks at the Chatham House Banking Revolution Conference: Global Regulatory Developments and their Industry Impact (Nov. 3, 2016)
  4. Carolyn Wilkins, Senior Deputy Governor of the Bank of Canada, Fintech and the Financial Ecosystem: Evolution or Revolution?, Speech given at the Payments Canada Conference (Jun. 17, 2016) 
  5. Carolyn Wilkins, Senior Deputy Governor of the Bank of Canada, Money in a Digital World, Speech given at Wilfrid Laurier University (Nov. 13, 2014)
  6. Carolyn Wilkins, Senior Deputy Governor of the Bank of Canada, Project Jasper: Lessons From Bank of Canada’s First Blockchain Project, CoinDesk (Feb. 10, 2017)
  7. The Bank of England FinTech Accelerator Page
  8. The Bank of England, FinTech Accelerator Proof of Concept: Distributed Ledger Technology (Jun. 17, 2016) 
  9. The Bank of England, A Consultation Paper on a new RTGS service for the United Kingdom: safeguarding stability, enabling innovation (Sept. 2016)
  10. The Bank of England, Digital Currencies Page 
  11. International Monetary Fund Staff Discussion Note, Virtual Currencies and Beyond: Initial Considerations (Jan. 2016)
  12. Ross Leckow, Virtual currencies: the regulatory challenges​, in ESCB Legal Conference 2016 132 (European Central Bank/Eurosystem 2016).
  13. Max Raskin and David Yermack, Digital currencies, decentralized ledgers, and the future of central banking in Research Handbook on Central Banking (Peter Conti-Brown & Rosa Lastra, eds., forthcoming spring 2017) 
  14. William N. Goetzmann, Money Changes Everything: How Finance Made Civilization Possible 1-14, 15, 17, 137, 139-41, 203, 205, 401, 403-04, 519-21 (2016). (c) 2016 by William N. Goetzmann. Reprinted by permission of Princeton University Press.  No part of this text may be distributed, posted, or reproduced in any form by digital or mechanical means without the prior written consent of Princeton University Press.  To learn more about this book, please visit press.princeton.edu.