The Third New York Fed Conference on FinTech: Wholesale Digital Assets - FEDERAL RESERVE BANK of NEW YORK - Federal Reserve Bank of New York

Overview

The Third New York Fed Conference on FinTech will bring together leading academics, policymakers, and industry leaders to further our understanding of the impact, implications, and direction of FinTech. The conference will cover recent developments in FinTech, including the perils and promises of stablecoins, the rise of decentralized finance, implications for cross-border payments, and countries’ experience with open banking and open finance.

Audience

This event is by invitation-only for in-person attendees, but is open to the public virtually.

Media

All remarks will be on the record, with a recording to be made available afterward. Media who wish to register or attend in-person should contact Mariah Measey at mariah.measey@ny.frb.org.

Organizers

Pablo Azar, Federal Reserve Bank of New York
Asani Sarkar, Federal Reserve Bank of New York

Program Committee

Hampton Finer, Federal Reserve Bank of New York
Antoine Martin, Federal Reserve Bank of New York
Sishush Maru, Federal Reserve Bank of New York
Per von Zelowitz, Federal Reserve Bank of New York

Event Details

Location
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045

Agenda

8:30am	Continental Breakfast
8:45am	Welcoming Remarks
9:00am	Panel 1: Stablecoins: Perils and Promises Moderator: Pablo Azar, Federal Reserve Bank of New York Austin Campbell, Paxos Marco Di Maggio, Harvard Business School Cesare Fracassi, Coinbase
10:00am	Coffee Break
10:15am	Academic Session 1: Stablecoins and DeFi Moderator: Julapa Jagtiani, Federal Reserve Bank of Philadelphia What Keeps Stablecoins Stable? Richard K. Lyons, University of California, Berkeley Ganesh Viswanath-Natraj, Warwick Business School *Discussant:* Uday Rajan, Michigan Ross School of Business Making Money Gary B. Gorton, Yale School of Management Chase P. Ross, Federal Reserve Board of Governors Sharon Y. Ross, U. S. Treasury, Office of Financial Research *Discussant:* Antoine Martin, Federal Reserve Bank of New York Inclusion and Democratization through Web3 and DeFi? Initial Evidence from the Ethereum Ecosystem Will Cong, Cornell University Johnson Graduate School of Management Ke Tang, Tsinghua University Yanxin Wang, Xi’an Jiaotong University Xi Zhao, Xi’an Jiaotong University *Discussant:* Agostino Capponi, Columbia University
11:45am	Lunch
12:45pm	Panel 2: Enhanced Payments across Borders Moderator: Hampton Finer, Federal Reserve Bank of New York Ross Leckow, Bank for International Settlements Scott Shay, Signature Bank Ryan Zagone, Wise
2:00pm	Coffee Break
2:15pm	Academic Session 2: Open Banking Moderator: Nicola Cetorelli, Federal Reserve Bank of New York Customer Data Access and Fintech Entry: Early Evidence from Open Banking Tania Babina, Columbia Business School Greg Buchak, Stanford Graduate School of Business Will Gornall, University of British Columbia Sauder School of Business *Discussant:* Yao Zeng, University of Pennsylvania Open Banking with Depositor Monitoring Itay Goldstein, Wharton Finance, University of Pennsylvania Chong Huang, University of California, Irvine, Paul Merage School of Business Liyan Yang, University of Toronto Rotman School of Management *Discussant:* Todd Keister, Rutgers University Open Banking: Credit Market Competition When Borrowers Own the Data Zhiguo He, University of Chicago, Booth School of Business Jing Huang, Texas A&M University, Mays Business School Jidong Zhou, Yale School of Management *Discussant:* Charles Kahn, University of Illinois at Urbana-Champaign
3:45pm	Coffee Break
4:15pm	Panel 3: Open Finance Moderator: Joseph Cox, Federal Reserve Board Umar Farooq, Onyx by JP Morgan Chuck Mounts, S&P Global XXX, Grayscale Investments (TBC) Charles Woods, Bank of England
5:30pm	Adjourn and Reception, 13th Floor Pre-function area