Corporate Finance, DeFi, Blockchain, Web3 News
Corporate Finance, Fintech, DeFi, Blockchain, Web 3 News

How Distributed Ledgers Impact Post-Trade in a Dodd-Frank World

Jenny Cieplak and Mike Gill are attorneys for Crowell & Moring LLP, a global law firm that specializes in regulatory and corporate legal issues.


In this piece, Cieplak and Gill explore the convergence of blockchain tech and financial regulation in the US following the 2010 passage of the Dodd-Frank financial reform law.

The derivatives industry is still grappling with the post-trade requirements imposed by Dodd-Frank, including swap data reporting, documentation, portfolio reconciliation and portfolio compression.

While these requirements add to the safety and soundness of derivatives markets, they are also process-intensive, and in some cases, have created more confusion than clarity. Especially for OTC market participants, these requirements have necessitated additional technology infrastructure and introduced latency into the marketplace as some processes still require human intervention.

Blockchain technology, distributed ledger technology (“DLT”) and "smart contracts" can help minimize the steps required for post-trade processing.

More:
http://www.coindesk.com/distributed-ledger-cftc-post-trade-dodd-frank/

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Mardi 12 Juillet 2016




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