kaal:claim:3411110-015

If blockchain pushes settlement finality into the seconds range, the entire regulatory infrastructure built to address counterparty and systemic risk would have to be reformed, and most systemic risk and counterparty risk regulation would become unnecessary.

Source quote, verbatim
Arguably the entire regulatory infrastructure that has been tailored to address counterparty- and systemic risk would need to be reformed if settlement finality can be increased to the seconds range with blockchain technology.
From

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019), III.3 Reduced Settlement Cycle, p. 16
https://ssrn.com/abstract=3411110 · source PDF

Cite as

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

Holds when
Classification

predictivesupport: arguedsystemic-riskrisk-and-incentives

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