Welcome to Shearman & Sterling’s FinTech Insights, where we provide you with real time insight and key trends on the technological revolution that is transforming the financial services industry. Here you can find relevant information on the latest surrounding the regulatory framework, digital banking, blockchain, distributed ledger, cryptocurrencies, ICO’s and much more.
CFTC Commissioner Quintenz Speaks on Smart Contract Regulation
10/19/2018On October 16, 2018, Commodity Futures Trading Commission (CFTC) Commissioner Brian Quintenz gave a wide-ranging speech at the GITEX Technology Week Conference in Dubai addressing a number of key issues faced by the CFTC in considering how to regulate smart contracts. While he acknowledged that there are still many questions to be answered in respect of smart contract regulation, Commissioner Quintenz expressed a number of important views that should make market participants pause before assuming that activity in smart contracts will avoid CFTC scrutiny.
Baris Authors Article on Blockchain for Investment Managers
03/21/2018Jay Baris co-authored the article on “Blockchain Basics for Investment Managers: A Token of Appreciation,” published in the March 21, 2018 issue of The Review of Securities & Commodities Regulation. The article discusses the background and current uses of blockchain and the responses of regulators, most notably the SEC and CFTC, with a focus on implications of these changes for investment funds and investment advisers.