Promouvoir, partager et diffuser la recherche en économie et finance

Blockchain Perspectives Joint Research Initiative

Type de programme Initiative de recherche
Fondation ief
Création; 15-11-2016
Fin / Proch. Ren. 14-11-2019
Projet scientifique :

We believe that there are numerous potential applications for distributed ledger technology (DLn in  the financial lndustry as evldenced by leadlng financial players’ considerable investments in the area. As DLT ambitions to allow instantaneous settlement, lt seems unavoidable in the long term that its integration should significantly impact and reshape the  post-trade  landscape. One obvious area of research ls the impact of DLTon central clearing. Central clearing does have significant distributlonal consequences for collateral requlrements across market participants (Duffie, Scheicher and Vuillemey, 2015). As the use of blockchain technology should directly impact  central clearing, it should ln tum Impact collateral requirements.                                                                           A second area of research is the integration of smart contracts for managing margin requirements, and more generally assessing the efficiency gain and overall risk reduction that market participants could expect from their introduction; this should be done by looking at every step of the post-trade value chain. Lastly, an overall area of research is the prospective analysis of how the post-trade landscape is likely to  restructure  itselfwith the  growing introduction  of DLT.

 

Responsables scientifiques
Alexis COLLOMB
Alexis COLLOMB
Primavera DE FILIPPI
Primavera DE FILIPPI
Partenaires académiques
CERSA
CNAM
Partenaires économiques
BNP Paribas SA
BNP Paribas Securities Services
BNP Paribas Arbitrage