Blockchain in the cash and securities settlement space: Utopia or reality?

716A 2017-10-16T09:30:00.000Z

Conference Room 3
Associate Professor of finance
University of Toronto
Head of Global Securities Services – Managing Director
Head of Product Management for Custody, Cash and Foreign Exchange
BNY Mellon
Creator of Opportunities
Senior Director, Technology
Payments Canada
European Central Bank

Cash and securities settlements are ripe for innovation. While the combined use of technology and Standards has certainly increased automation, it has also led to an increase in the volume of data that needs to be exchanged and reconciled between intermediaries, which increases operational risk and inflates costs. Maybe that is why distributed ledger technology (DLT) - with its promise of a single immutable record accessible by all parties simultaneously - is advanced as the next generation technology to solve existing inefficiencies. In this session, a series of DLT initiatives will be debated, and tested for workability, resilience, capacity, adoption and regulatory acceptability.