.png)
Gary Gensler on Fintech regulation and Blockchain for Biden SEC
Jan, 26 2021
|
0
- Share
-
-
-
President Joe Biden broadcast Jan. 18 he will recommend
MIT Sloan professor Gary Gensler to lead the Securities and Exchange
Commission. Gensler united the MIT Sloan faculty in 2018. He formerly led the
Commodity Futures Trading Commission beneath the Obama administration.
In his phase at MIT, Gensler’s instruction and research
have focused on Blockchain technology, financial technology, digital currencies,
and public policy. Under are a collection of ideas and insights from Gensler,
together with a recent working paper on deep knowledge and financial stability,
and two free MIT Open Courseware classes he established.
The new research: financial stability
and deep learning:
In November 2020 at work paper co-authored with study
associate Lily Bailey, Gensler clarifies how deep learning “may top to
financial system instability and economy-wide risks.” Gensler and Bailey claim
that current risk management implements are inadequate and propose “policy
tools that might alleviate these systemic risks.”
3 forces re-forming the finance
industry
In April 2019, Gensler and Wall Street veteran Richard
Berner talked over trends they were watching carefully in finance: the future
of brick-and-mortar banks, monetizing data, and Fintech regulation.
Is cryptocurrency security?
Is a crypto token an investment? Or is it a commodity?
Gensler said in May 2018 stated it is binary, though it is not the right reply
it is chased.
Forecasts for the future of financial regulation
Linking a December 2019 board of policy experts, Gensler
remarked on what banks will look like in 10 to 20 years and how Big Tech was
dragging in advance of big banks in China.
What students educated in Gensler’s ‘Blockchain and
Money’ class
Presently after joining MIT Sloan, Gensler in July 2018
showed his first class, which discovered the basics of Blockchain and its
concrete application in the finance sector. The lesson is available free from
MIT OpenCourseware.
*Source:
mitsloan.mit.edu/ideas-made-to-matter/biden-sec-pick-gary-gensler-fintech-regulation-and-blockchain
|
0
- Share
-
-
-
Vandana Mrigwani
CBW - External Analyst
INDIA
Editor’s Choice
Robinhood Delists Cardano, Polygon and Solana Following SEC Labeling Them As Securities
Following this week's accusations filed by the US Securities and Exchange Commission against two significant cryptocurrency exchanges, the brokerage business Robinhood has chosen to delist few firms;
