DTCC Connection

Apr 13, 2016 • DTCC Connection

DTCC Executives to Speak on Technology and Policy Impacts of Blockchain

By Joseph King

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Executives from The Depository Trust & Clearing Corporation (DTCC) will join other industry leaders from technology, policy and financial services to discuss the blockchain's disruptive potential in capital markets at the CoinDesk blockchain technology summit, Consensus 2016, May 2-4 in New York.

The event will define what is “real” in blockchain technology and focus on how to mainstream real-world applications for consumers and enterprises alike.

RELATED: To learn more about Consensus 2016 and register, click here. Use our discount code "C16DTCC30OFF!" to save 30% off of registration!

Robert Palatnick, DTCC Managing Director, Chief Technology Architect, will join as a speaker on the "Speed in Securities Settlement" panel. Fellow panelists will include Fredrik Voss, Head of Blockchain Strategy, Nasdaq, and Adam Krellenstein, Co-Founder, Symbiont. Larry Tabb, Founder and CEO, TABB Group, will be the panel moderator.

“DTCC is excited about the potential of blockchain and distributed ledger technology to modernize the post-trade ecosystem,” Palatnick said. “The key to fully leveraging the technology lies in fostering greater collaboration across the industry and with supervisors globally. We believe there are many ‘white spaces’ where distributed ledgers can help increase processing efficiencies and reduce risks and costs.

“At the same time, it may make more sense to standardize workflows and use cloud computing to enhance processes that are already highly efficient and low cost,” he added. “We look forward to continuing to broadly engage with the industry, service providers and others to advance the use of distributed ledgers in financial services.”

Mark Wetjen, DTCC Managing Director and Head of Global Public Policy, will participate on a "Regulatory Power Panel." "Jerry Brito, Executive Director of Coin Center, will moderate the panel. Joining Wetjen on the dais will be Jennifer Shasky-Calvery, Director, Financial Crimes Enforcement Network and Ben Lawsky, the former New York State Superintendent of the Department of Financial Services." This panel is scheduled to follow a keynote presentation by former Treasury Secretary Lawrence Summers.

“The post-trade landscape is a heavily regulated area whose rules and regulations reflect important policy decisions made over many decades,” Wetjen said. “Regardless of whether and to what degree blockchain technology will be deployed in the post-trade landscape, policy goals including investor protection, mitigation of systemic risk and enhanced transparency are unlikely to change. As a result, dialogue among the industry and policymaking bodies globally needs to cover how distributed ledger technology will affect these policy goals.”

Jennifer Peve, DTCC, Executive Director of Strategy and Business Development, will participate on the “Preventing the Next Lehman Brothers” panel. Joining her will be Jeffrey Billingham, Vice President, Markit, Robert Sams, CEO, Clearmatics and Greg Schvey, Partner, Axoni. Salome Parulava, Consultant, Consult Hyperion, will be the moderator. The transparency blockchain technology offers means that all participants – from banks to regulators – could one day have a full record of financial market activity. Panelists will discuss if that would be enough to avert another financial crisis.

 

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