scholarly journals The Disruptive Effect of Distributed Ledger Technology and Blockchain in the over the Counter Derivatives Market

Global Jurist ◽  
2020 ◽  
Vol 20 (2) ◽  
Author(s):  
Adolfo Paolini
Keyword(s):  
Financial Crisis ◽  
Financial Institutions ◽  
Innovative Technology ◽  
Disruptive Effect ◽  
Financial Instruments ◽  
Over The Counter ◽  
Distributed Ledger ◽  
Distributed Ledger Technology ◽  
Financial Transactions ◽  
The Way

AbstractThe 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.

Distributed Ledger Technology based Property Transaction System with Support for IoT Devices

2021 ◽  
pp. 299-319
Author(s):  
Nikita Singh ◽  
Manu Vardhan
Keyword(s):  
Network Bandwidth ◽  
Remote Locations ◽  
Distributed Ledger ◽  
Distributed Ledger Technology ◽  
Cloud Server ◽  
Operational Models ◽  
Property Registration ◽  
Iot Devices ◽  
Financial Transactions ◽  
Server Architecture

Blockchain-based distributed ledger technology (DLT) is transforming the existing operational models of economy, financial transactions and other government machineries so as to allow these to operate in a much more secure and decentralized manner. This research focuses on providing framework for decentralized and secure P2P infrastructure for handling e-stamp and property registration mechanism along with interface for verification of document originality. The proposed efficient consensus mechanism reduces the overhead of broadcasting a new block by more than 50% coupled with saving CPU computation power along with network bandwidth. To ensure that even people at remote locations with constrained resources are able to participate and harness these benefits, a cloud server architecture & web interface for verification of property registered deed is also proposed.

SEC Supervisory Activity in the Financial Industry

2018 ◽  
Vol 35 (3) ◽  
pp. 607-636 ◽  
Author(s):  
Angela Pettinicchio
Keyword(s):  
Financial Crisis ◽  
Financial Institutions ◽  
Historical Data ◽  
Financial Industry ◽  
Loan Loss ◽  
Crisis Period ◽  
Research Division ◽  
Loan Loss Provisions ◽  
Asymmetric Attitude ◽  
The Way

This study documents a higher incidence of SEC Comment Letters among financial institutions characterized by abnormal levels of loan loss provisions (LLPs). In particular, results show that this effect is stronger for banks overestimating LLPs, suggesting an asymmetric attitude of the SEC Research Division toward overestimations compared with LLPs underestimations, especially in the pre-financial crisis period. Finally, the study demonstrates that after receiving a Comment Letter by the SEC, financial institutions change the way they account for LLPs by basing their computation more on historical data, thereby reducing the level of discretion embedded in their calculation.

scholarly journals THE TREASURY SERVICING PROCESS MANAGING OF BUDGET EXECUTION BASED ON BLOCKCHAIN TECHNOLOGY

2021 ◽  
Author(s):  
Oksana Savastieieva ◽  
Larysa Borysova ◽  
Tetiana Zhuravlova
Keyword(s):  
Global Economy ◽  
Business Community ◽  
Technology Application ◽  
Servicing Process ◽  
Blockchain Technology ◽  
Distributed Ledger ◽  
Distributed Ledger Technology ◽  
Level Information ◽  
State And Local ◽  
Financial Transactions

The article explores the possibilities and international experience of using multi-functional and multi-level information blockchain technology, the main purpose of which is reliable accounting of financial transactions with various assets. A mechanism for determining the legitimacy of transactions sequence carried out using distributed ledger technology is considered. The main directions of the distributed ledger technology application by the business community in all spheres and sectors of the global economy are identified. The mechanism of using smart contracts based on block-technology in the Treasury servicing system was designed and presented. The preformed mechanism covers the management process of all Treasury servicing procedures of the estimates expenditure part of budget managers. The complex of advantages from the implementation of distributed ledger technology to the Treasury servicing system for state and local budgets is determined.

CSR on Financial Markets

2021 ◽  
pp. 74-100
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Financial Crisis ◽  
Financial Institutions ◽  
International Institutions ◽  
Financial Innovation ◽  
Innovation Process ◽  
Substantial Contribution ◽  
Financial Instruments ◽  
International Financial Crisis

Financial institutions can make a substantial contribution to promoting the principles of sustainable development among their main stakeholders, namely portfolio investors and financial consumers. The challenges posed by climate change have led to the intensification of the financial innovation process and the emergence of new financial instruments such as green bonds and sustainability indices. Their success was due both to the involvement of international institutions that have developed various voluntary principles for companies and to portfolio investors who understood their role in the new context and bought new types of securities. Therefore, the efforts of both sides are bearing fruit in an environment in which confidence must be regained after the earthquake generated by the international financial crisis and the image crisis that financial institutions are facing.

Distributed Ledger Technology based Property Transaction System with Support for IoT Devices

2019 ◽  
Vol 9 (2) ◽  
pp. 60-78 ◽  
Author(s):  
Nikita Singh ◽  
Manu Vardhan
Keyword(s):  
Web Interface ◽  
Network Bandwidth ◽  
Distributed Ledger ◽  
Distributed Ledger Technology ◽  
Cloud Server ◽  
Operational Models ◽  
Property Registration ◽  
Iot Devices ◽  
Financial Transactions ◽  
Server Architecture

Blockchain-based distributed ledger technology (DLT) is transforming the existing operational models of economy, financial transactions and other government machineries so as to allow these to operate in a much more secure and decentralized manner. This research focuses on providing framework for decentralized and secure P2P infrastructure for handling e-stamp and property registration mechanism along with interface for verification of document originality. The proposed efficient consensus mechanism reduces the overhead of broadcasting a new block by more than 50% coupled with saving CPU computation power along with network bandwidth. To ensure that even people at remote locations with constrained resources are able to participate and harness these benefits, a cloud server architecture & web interface for verification of property registered deed is also proposed.

How Finance Colonised Aotearoa: A Concise Counter-History

2019 ◽  
Vol 7 ◽  
pp. 41
Author(s):  
Catherine Cumming
Keyword(s):  
Financial Institutions ◽  
The State ◽  
Colonial History ◽  
Financial Instruments ◽  
Financial History ◽  
Early Colonial ◽  
History Of

This paper intervenes in orthodox under-standings of Aotearoa New Zealand’s colonial history to elucidate another history that is not widely recognised. This is a financial history of colonisation which, while implicit in existing accounts, is peripheral and often incidental to the central narrative. Undertaking to reread Aotearoa New Zealand’s early colonial history from 1839 to 1850, this paper seeks to render finance, financial instruments, and financial institutions explicit in their capacity as central agents of colonisation. In doing so, it offers a response to the relative inattention paid to finance as compared with the state in material practices of colonisation. The counter-history that this paper begins to elicit contains important lessons for counter-futures. For, beyond its implications for knowledge, the persistent and violent role of finance in the colonisation of Aotearoa has concrete implications for decolonial and anti-capitalist politics today.  

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