The distributed ledgers, most famously known for underpinning bitcoin, are all the rage; however, serious questions remain as to how they can work effectively in a capital markets context.
Panelists at this year's Waters USA conference noted a number of potential applications: settlement for syndicated loans, bonds and credit default swaps (CDSs) as well as letters-of-credit for trade finance. It's part of what Emmanual Aidoo, who runs the blockchain team at Credit Suisse, called a "race to zero
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails