Event

5th FDEF x SnT Lecture Series

  • Speaker  Prof. Steven L. SCHWARCZ

  • Location

    Weicker Building

    4, rue Alphonse Weicker

    2721, Luxembourg, Luxembourg

  • Topic(s)
    Finance
  • Type(s)
    Free of charge, In-person event, Lectures and seminars

We are excited to announce that Steven L. SCHWARCZ, Stanley A. Star Distinguished Professor of Law & Business at Duke University, will be delivering the fifth lecture on:

Regulating Financial Innovation: Fintech, Crypto-assets, DeFi, and Beyond

Abstract:

The term “FinTech” encompasses advances in technology that facilitate financial innovations, such as crypto-assets, algorithmic smart contracts, and decentralized financial platforms and services. Although FinTech promises greatly expanded financial inclusion and other valuable economic benefits, its radical transformational consequences are threatening to disrupt finance and even jeopardize the stability of the financial system. Scholars have been grappling with how the law can control these risks, but their contributions to date have been largely ad hoc. They also disagree whether FinTech-driven innovations are radically changing the financial system, necessitating complete new forms of regulation, or whether those innovations merely present the same types of risks already associated with electronic banking.

The speaker attempts to build a systematic framework for regulating FinTech-driven innovations. In that process, he will clarify and simplify the confusing terminology, which makes FinTech appear more complicated than it is. He also will show how the framework should more generally inform the regulation of financial innovation.

About Prof. Steven L. SCHWARCZ:

Steven L. Schwarcz is the Stanley A. Star Distinguished Professor of Law & Business at Duke University and Founding Director of Duke’s interdisciplinary Global Capital Markets Center (later renamed the Global Financial Markets Center). His areas of research and scholarship include insolvency and bankruptcy law, international finance, capital markets, systemic risk, corporate governance, and commercial law. (Links to his scholarship are at http://law.duke.edu/fac/schwarcz/.) He holds a bachelor’s degree in aerospace engineering (summa cum laude) and a Juris Doctor from Columbia Law School. Prior to joining the Duke faculty, he was a partner at two of the world’s leading law firms and Visiting Lecturer at Yale Law School. He also helped to pioneer the field of asset securitization, and his book, Structured Finance, A Guide to the Principles of Asset Securitization (3d edition), is one of the most widely used texts in the field.

Language: English

This is a free lecture. Registration is mandatory.