Programme 2016

8 – 9 September 2016

Time zone: London, UK (GMT)

Event partners: Bank of England, Bank of Canada, Deutsche Bundesbank, SAFE House of Finance, Federal Reserve Bank of St. Louis

Thursday, September 8th:

Program Chair: Paolo Tasca (Executive Director, UCL Centre for Blockchain Technologies)

Room 1 – Digital Currencies and Blockchain Technology

9.15 – 10.05

Keynote Talk

Speaker: Victoria Cleland (Bank of England)

10.05 – 10.40

Session I

Chairman: Tomaso Aste (University College London)

Invited Talk: Dominick Paniscotti (Associate VP, Enterprise Architecture, NASDAQ)

11.00 – 11.35

Invited Talk

Speaker: Nicolas Curtois (University  College London)

11.35 – 12.05

On the Value of Virtual Currencies

Speakers: Wilko Bolt (De Nederlandsche Bank, DNB) and Maarten van Oordt (Bank of Canada)

Discussant: Katya Malinova

12.05 – 12.35

The Fiduciaries of Public Blockchains

Speaker: Angela Walch

Discussant: Petros Kavassalis

12.35 – 13.05

DTD powered by ACTUS – an innovative RegTech-automated legal text approach to financial reporting


Petros Kavassalis, Harald Stieber, Wolfgang Breymann, Keith Saxton,

Francis Gross, Willi Brammertz, Stefano Bertolo and Antonis Dragiotis

Discussant: Tomaso Aste (University College London)

14:35 – 15:10

Session II

Chairman: Dirk Schrade (Deutsche Bundesbank)

Invited Talk: Andrea Pinna (European Central Bank)

15:10 – 15:40

The Evolution of the Bitcoin Economy:

Extracting and Analyzing the Network of Payment Relationships


Paolo Tasca (University College London)

Shaowen Liu (Deutsche Bundesbank)

Adam Hayes (University of Wisconsin-Madison)

Discussant: Guido Caldarelli (IMT Lucca)

15:40 – 16:10

The Macroeconomics of Central-Bank-Issued Digital Currencies


John Barrdear (Bank of England)

Michael Kumhof (Bank of England)

Discussant: Katya Malinova (University of Toronto)

16:10 – 16:45

Invited Talk

Jeremy Clarck (Institute for Information Systems Engineering, Concordia University)

17:05 – 18:05

Round Table

Business and Regulation of P2P Financial Markets


Dirk Schrade (Deutsche Bundesbank)

Robleh Ali (Bank of England)

Ben Fung (Bank of Canada)

David Andolfatto (FED, St. Louis)

TBC (Bank of Italy)

Moderator: Juile Maupin (Max Planck Institute for International Law & Comparative Public Law and Centre for International Governance Innovation, Waterloo)

Thursday, September 8th:

Room 2 – Crowdfunding and P2P Lending

10:05 – 10:40

Session I

Chairman  Calebe de Roure (Frankfurt School of Finance)

Invited Talk: Karen Kerrigan (Chief Legal Officer, Seedrs)

11:00 – 11:35

Fed Liftoff and Subprime Loan Interest Rates: Evidence from the Peer-to-Peer Lending Market


Christoph Bertsch

Isaiah Hull

Xin Zhang

Discussant: Ben Craig (FED, Cleveland)

11:35 – 12:05

Contract Pricing and Market Efficiency: Can Peer-to-Peer Internet Credit Markets Improve Allocative Efficiency?

Speaker: Talal Rahim

Discussant: Hans Peter Grüner

12:10 – 12:45

Cutting out the Middleman: Crowdinvesting, Efficiency, and Inequality


Hans Peter Grüner

Christoph Siemroth

Discussant: Christoph Bertsch

12:35 – 13:05

P2P Lending and Screening Incentives


Dairo Estrada

Paula Zamora

Discussant: Talai Rahim

Friday, September 9th:

Room 1 – Digital Currencies and Blockchain Technology

9:00 – 9:50

Keynote Talk

Alexander Lipton (MIT)

9:50 – 10:25


Invited Talk: Wei-Tek Tsai (Behang University)

10:25 – 10:55

Market Design for Trading with Blockchain Technology


Katya Malinova

Andreas Park

Discussant: Michael Kumhof (Bank of England)


11:15 – 11:50

Invited Talk

Claudio J. Tessone (University of Zurich)


11:50 – 12:20

The Bitcoin Peers Network


Giuseppe Pappalardo (IMT Lucca), Guido Caldarelli (IMT Lucca) and

Tomaso Aste (University College London)

Discussant: Petros Kavassalis

12:20 – 12:50

Hayek Money: The Cryptocurrency Price Stability Solution

Speaker: Ferdinando M. Ametrano (Bicocca University and Intesa Sanpaolo Bank)

Discussant: Angela Walch

14:20 – 14:55


Chairman Dirk Schrade (Deutsche Bundesbank)

Invited Talk Tullio Menga (ATS-Advanced Technology Solutions)


14:55 – 15:25

DTD powered by ACTUS – an innovative RegTech-automated legal text approach to financial reporting


Petros Kavassalis, Harald Stieber, Wolfgang Breymann, Keith Saxton, Francis Gross, Willi Brammertz, Stefano Bertolo and Antonis Dragiotis

Discussant: Tomaso Aste (University College London)

15:25 – 15:55

Synzeris – Synthetic zero rate instrument as new stability enhancing instruments for (digital) monetary regime changes

Speaker: Floris Kleemans (Founder, FOCAFET Foundation)

Discussant: Ferdinando M. Ametrano (Bicocca University and Intesa Sanpaolo Bank)

16:25 – 16:55

Case Study of Lykke Exchange: First Experiences and Outlook


Anton Golub, Richard B. Olsen, Stefano Battiston,

Guido Caldarelli and Sergey Ivliev

Discussant: Floris Kleemans (Founder, FOCAFET Foundation)

17:15 – 18:15

Round Table: Business and Technology of P2P Financial Markets


Michael Cooper (CTO, BT Radianz services, Global Banking & Financial Markets, BT)

Dominick Paniscotti (Associate VP, Enterprise Architecture, NASDAQ)

David B. Kinitsky (Director of Innovation at Fidelity Investments)

Rhydian Lewis (CEO,

Moderator: Andrei Kirilenko (Imperial College)

Friday, September 9th:

Room 2 – Crowdfunding and P2P Lending

9:50 – 10:25


Chairman: Diana Biggs (University College London)

Invited Talk: Rhydian Lewis (CEO,

10:25 – 10:55

Will crowdfunding contribute to financial development in developing countries?


Adalbert Winkler

Ulf Moslener

Discussant: Tania L. L. Urresta

11:15 – 11:50

Invited Talk

Bruce Davis (Managing Director, Abundance Investment)

11:50 – 12:20

More inclusive, more stable? The financial inclusion – stability nexus in the global financial crisis


Tania L. L. Urresta

Adalbert Winkler

Discussant: Dairo Estrada


12:20 – 12:50

How Does P2P Lending Fit into the Consumer Credit Market


Calebe de Roure (Frankfurt School of Finance)

Loriana Pelizzon (Goethe University)

Paolo Tasca (University College London)

Discussant: Adalbert Winkler