36th IBA International Financial Law Conference

15 May - 17 May 2019

Session information

Tokenisation: evolution or revolution

Committee(s)

Banking & Financial Law Committee (Lead)
Financial Services Section (Lead)
Legal Practice Division (Lead)
Securities Law Committee (Lead)

Description

Blockchain technology promises to revolutionise financial markets by driving efficiencies and cutting the need for traditional financial intermediaries in executing financial transactions. The potential to tokenise currencies and other financial assets, alongside the market entry of new service providers, put pressure on financial institutions to review their business model and on regulators to adapt the regulatory framework. During this session, we will discuss the relevance of the legal qualification of digital tokens sitting on distributed ledgers around the globe, explore the potential use cases for tokens in financial transactions and shed light on the differences between regulatory approaches and related regulatory arbitrage issues.

Session / Workshop Chair(s)

Klaus Löber European Securities Markets Authority, Paris, France; Senior Vice Chair, Banking & Financial Law Committee
Benedikt Maurenbrecher Homburger AG, Zürich, Switzerland; Senior Vice Chair, Banking & Financial Law Committee

Speakers

Jess Cheng Board of Governors of the Federal Reserve System, Washington, District of Columbia, USA
Christian Meisser LEXR, Zürich, Switzerland
Benedicte N Nolens Circle, Hong Kong, Hong Kong SAR
Philipp Paech London School of Economics, London, England