Programme 2017

20-21 July 2017

Time zone: London, UK (GMT+1)

Event partners:  Federal Reserve Bank of Cleveland, Bank of Canada, De Nederlandsche Bank,
Federal Reserve Bank of St. Louis, Bank of England, SAFE House of Finance

Thursday, July 21st

Chairpersons:
Richard Kastelein (Blockchain News Publisher)
Tomaso Aste (Scientific Director, UCL Centre for Blockchain Technologies)

09:00 – 09:10

Opening Remarks

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

09:10 – 10:00

Keynote speech: Digital Currencies: What Lies Ahead?

Speaker: Daniel Heller (PIIE, Former Executive Director at IMF)

History shows that new forms of private sector money are usually taken over by the government once they become successful. Emerging digital currencies will also not develop in a vacuum as they will have to fully comply with a number regulatory provision, for instance, in the area of taxation and anti-money laundering.

10:00 – 10:35

Invited talk: From Derivatives to Blockchain – A Regulator’s Journey

Speaker: Jeffrey M. Bandman (FinTech Advisor, U.S. Commodity Futures Trading Commission, CFTC)

FinTech may lead to an era of Real Time Regulation. Are we ready for this? What are the potential pitfalls of data from FinTech? And what is the proper role of a regulator in promoting responsible innovation?

11:05 – 11:35

The Taste of Peer-to-Peer Loans

Speaker: Yiuliya Demyanyk (Senior Research Economist, Research Department – Federal Reserve Bank of Cleveland)

Discussant: Jiasun Li (George Mason University)

11:35 – 12:05

Profit Sharing: A Contracting Solution to Harness the Wisdom of the Crowd

Speaker: Jiasun Li Assistant (George Mason University)

Discussant: Paolo Giudici (University of Pavia)

12:05 – 12:35

Scoring Models for P2P Lending Platforms

Speaker: Paolo Giudici (University of Pavia)

Discussant: William Bazley (University of Miami)

14:05 – 14:40

Invited Talk: Fintech and Financial Innovation: Drivers and Depth

Speaker: John Schindler (Chair of FSB’s Financial Innovation Network, Federal Reserve Board)

FinTech (based on my definition) is not new. A cluster of drivers of financial innovation occurring around the same time has driven a wave of innovation that we call FinTech. The hype about FinTech stems from the ‘depth’ of many FinTech innovations, which leads to their potential to transform existing financial services.

14:40 – 15:10

Spend or Save New Wealth? Evidence from the Shale Gas Boom

Speaker: William Bazley (University of Miami)

Discussant: Ben Craig (Senior Economic Advisor, FED Cleveland)

15:10 – 15:45

Leveraging Blockchain Settlement to Disrupt Cross-Border Payments across Africa

Speaker: Charlene Chen (COO, BitPesa)

During this presentation, I will share BitPesa’s journey to design and implement Blockchain-powered financial services across sub-Saharan Africa. BitPesa is best known for using Bitcoin to significantly lower the cost of remittances to Africa, but has since evolved to offer crossborder payments to African businesses struggling to pay suppliers as far as China and Dubai, to pan-African and multinational companies making treasury payments between corporate entities, and to licensed Money Transfer Operators looking for white-label services to distribute remittances across Africa.

16:50 – 17:50

Panel: Business and Regulation of P2P Financial Markets

Speakers:
Demetra Kalogerou (Chairwoman, Cyprus SEC)
Michael Liftik (Securities Litigation, Government and Internal Investigations, Quinn Emanuel Urquhart & Sullivan LLP)
Jeffrey M. Bandman (FinTech Advisor, U.S. Commodity Futures Trading Commission)
Keith Saxton (Independent Director and Advisor)

Moderator: Richard Kastelein (Blockchain News Publisher)

19:00 – 23:00

Formal Dinner, Speech: The Financial Markets of Tomorrow

Speaker: Robert Sams (CEO and Founder, Clearmatics)

Friday, July 22nd

Chairpersons:
Bonnie Buchanan (Bosanko Professor of International Economics and Finance, Seattle University)
Bruce Rigal (Director, Future of Financial Services Initiative at University of Chicago Booth School of Business)

09:00 – 09:10

Opening Remarks

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

09:10 – 10:00

Keynote Speech: Transforming Geo-Politics. Political Risks/Economic Risks

Speaker: Marvin Zonis (Professor Emeritus, University of Chicago Booth School of Business)

The global context in which financial disintermediation is occurring is beset with extraordinary risks. From Trump’s “America First” policies to the rise of China; from the horrors of the Syrian and Yemen wars to the Qatar crisis; from slow economic growth in Russia and low oil prices; from exploding population in sub-Saharan Africa to the migrant flood. This talk will examine these risks and suggest their consequences for globalization.

10:00 – 10:35

Invited Talk: DLTs in Financial Market Infrastructures

Speaker: Andrea Pinna (Market Infrastructure Expert, European Central Bank)

11:05 – 11:40

Paper: Cognitive Insights Make the Infrastructure of the Future Industry

Speakers: Paolo Sironi (Global Thought Leader, IBM Watson Financial Services)

Financial Services are organized in product-focused business units. However, tighter regulations demand a more transparent approach of client centricity, while clients call for better personalisation and added value services across all digital touch points. Financial Institutions cannot ‘change’ their business model abruptly nor their infrastructure. Yet they have to ‘transform’ fast through the FinTech R-evolution, which is made of a blend of disruptive innovation, sustaining innovation and foundational innovation.

11:40 – 12:10

Dissecting Ponzi Schemes on Ethereum: Identification, Analysis and Impact

Speaker: Tiziana Cimoli (University of Cagliari)

Discussant: Takeshi Miyamae (Fujitsu Laboratories Ltd)

12:10 – 12:45

Invited Talk: Central Bank Digital Currency: Motivations and Implications

Speaker: Ben Fung (Director of Economic Research and Analysis, Bank of Canada)

Public authorities and central banks around the world are closely monitoring developments in digital currencies and studying their implications for the economy, the financial system and central banks. One key policy question for public authorities such as a central bank is whether or not to issue its own digital currency that can be used by the general public to make payments. This presentation discusses the motivations of issuing a central bank digital currency and the implications of such a digital currency

12:45 – 14:15

Networking Lunch

14:15 – 14:50

Invited Talk: LSEG – DLT Work

Speaker: David Harris Head of Commercial Innovative Technology, London Stock Exchange Group

In this talk I will present LSEG’s journey (so far) with blockchain. I will analyze criteria that are considered for appropriate blockchain use cases for LSEG and I will provide the description of a use case that LSEG built. I will conclude by telling where LSEG think blockchain is heading to.

14:50 – 15:20

Blockchains: Distributed Consensus Protocols, Transparency and Business Models

Speaker: Gerard Briscoe (UCL Computer Science)

Discussant: Christopher Henry (Survey Methodologist, Currency Department – Bank of Canada)

15:50 – 16:20

Performance Improvement of the Consortium Blockchain for Financial Business Application

Speaker: Takeshi Miyamae (Computer Systems Researcher, Fujitsu Laboratories Ltd)

Discussant: Gerard Briscoe (UCL Computer Science)

16:50 – 17:25

Feeding Real-World Data into Decentralized Financial Applications

Speaker: Thomas Bertani (CEO, Oraclize)

Smart contracts live like in a walled garden, they cannot fetch data by themselves. To enable decentralized financial applications on the blockchain we need to overcome this limitation, this is what oracles do. Oraclize is the most widely used oracle service in the blockchain space and the secure authenticated data-transport-layer it provides is actively feeding data into some of the most promising financial applications of tomorrow. In this presentation Thomas will guide us through the role of smart contracts and oracles in the blockchain space and how they can impact the financial sector.

17:25 – 18:25

Panel: Business and Technology of P2P Financial Markets

Speakers:
Jon Matonis (Founding Board Director, Bitcoin Foundation)
Lee Braine (Investment Bank CTO Office, Barclays)
Alexei Blagirev (Director of Innovations, Otkritie)

Moderator: Pinar Emirdag (Senior Vice President Head of Digital Product Development and Innovation, State Street)

17:30

Closing Remarks

Speaker: Nikhil Vadgama (UCL Centre for Blockchain Technologies)

Gallery

Interviews

P2PFISY 2017 interview to Takeshi Miyamae

 

P2PFISY 2017 interview to Marvin Zonis

 

P2PFISY 2017 interview to Jeffrey Bandman

P2PFISY 2017 interview to Jiasun Li

 

P2PFISY 2017 interview to David Harris

P2PFISY 2017 interview to Daniel Heller

P2PFISY 2017 interview to Takeshi Miyamae

 

P2PFISY 2017 interview to Paolo Giudici

P2PFISY 2017 interview to Paolo Tasca

P2PFISY 2017 interview to Thomas Bertani

P2PFISY 2017 interview to Paolo Sironi