Anthony Macey

The threat of CCP disruption and disintermediation: Can distributed ledgers fully replace centralised clearing and settlement utilities?

Are the arguments for Blockchain without contention? – it reduces post-trade costs, mitigates risk, promotes transparency and enables real-time efficiency

Can Blockchain seamlessly fit into an existing ecosystem of technology without major consequences? – it reduces netting benefits, increases systemic risk in relation to instantaneous settlement and smart contracts, is ungovernable and targetable by hackers?

Real-time settlement, cost reduction and the elimination of counterparty risk: Could the proposed benefits of a distributed ledger be achieved independently of this technology?