The Disruptive Effect of Distributed Ledger Technology and Blockchain in the over the Counter Derivatives Market
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Adolfo Paolini
Abstract
The market for derivatives is substantially different after the 2007/08 financial crisis. Trust fuels business yet the financial crisis undermined this concept and customers lost faith in financial institutions. The then dichotomy, faced by innovators, was to insist with a system based on trust in financial institutions, or explore others where neither trust nor banks, as intermediaries, were indispensable for the successful and safe completion of financial transactions. The aim of this piece of research is to analyse to what extent innovative technology would change the way the ‘Over The Counter’ (OTC) market operates by providing investors with a trustworthy platform for the efficient assessment of the risk behind certain financial instruments. Consequently, the market may not be caught by surprise when another financial crisis strikes.
© 2020 Walter de Gruyter GmbH, Berlin/Boston
Artikel in diesem Heft
- Editorial
- International Economic Law in the Era of Distributed Ledger Technology
- Research Articles
- ‘Crypto-investment’ in International Economic Law: A First Sketch
- Virtual Currencies: New Challenges to the Right to Privacy? An Assessment under the V AML Directive and the GDPR
- Bitcoin’s Identity Crisis and the Prospect of Trustless Money
- The Disruptive Effect of Distributed Ledger Technology and Blockchain in the over the Counter Derivatives Market
- Challenges to the Assessment of Damages Claims Involving Crypto-Assets in Investment Arbitration
- Adjudicating Cryptocurrencies at the WTO: Potential Threshold and Substantive Issues
- Will Blockchain Technologies Strengthen or Undermine the Effectiveness of Global Trade Control Regulations and Financial Sanctions?
- Enhancing E-Commerce through Blockchain (DLTs): The Regulatory Paradox for Digital Governance
- Is Technology Really Inclusive? Some Suggestions from States Run Algorithmic Programmes
- Narratives of the Digital Economy: How Platforms Are Challenging Consumer Law and Hierarchical Organization
Artikel in diesem Heft
- Editorial
- International Economic Law in the Era of Distributed Ledger Technology
- Research Articles
- ‘Crypto-investment’ in International Economic Law: A First Sketch
- Virtual Currencies: New Challenges to the Right to Privacy? An Assessment under the V AML Directive and the GDPR
- Bitcoin’s Identity Crisis and the Prospect of Trustless Money
- The Disruptive Effect of Distributed Ledger Technology and Blockchain in the over the Counter Derivatives Market
- Challenges to the Assessment of Damages Claims Involving Crypto-Assets in Investment Arbitration
- Adjudicating Cryptocurrencies at the WTO: Potential Threshold and Substantive Issues
- Will Blockchain Technologies Strengthen or Undermine the Effectiveness of Global Trade Control Regulations and Financial Sanctions?
- Enhancing E-Commerce through Blockchain (DLTs): The Regulatory Paradox for Digital Governance
- Is Technology Really Inclusive? Some Suggestions from States Run Algorithmic Programmes
- Narratives of the Digital Economy: How Platforms Are Challenging Consumer Law and Hierarchical Organization
