DTCC Connection

Robert Garrison, DTCC Managing Director, Chief Information Officer, was appointed to a new fintech advisory group at the International Monetary Fund (IMF). The group will help IMF staff better understand the impact new technologies will have on finance and regulation.

“It’s an honor to have this opportunity to join with our industry colleagues to share our expertise on fintech issues and collaborate with the IMF on one of the most important topics facing financial services today,” Garrison said. “Fintech’s potential global impact on the economy, finance and regulation will likely be far-reaching, and it is critical to forge closer ties between key players to ensure we realize the full potential of transformative new technologies.”

Christine Lagarde, IMF Managing Director, welcomed the establishment of the Fund’s new High Level Advisory Group on FinTech. “We are grateful that such distinguished figures in the field of finance and technology have agreed to serve in the group, and look forward to their expert advice and views, and are confident that this exchange will greatly enrich the scope and quality of the IMF's work in this area,” she said.

The Group is composed of thought leaders in the field of finance and technology and includes industry pioneers, regulators, lawyers and academics. The Group will provide advice to help IMF staff deepen its understanding of FinTech issues. It will work closely with an IMF's Interdepartmental Working Group on Finance and Technology. This Working Group was established last year to analyze the economic and regulatory implications of developments in finance and technology.