BAN2307. Keynote: Banking on the Future: New Concepts of Money, Regulation, & Technology

Author, former regulator, industry lawyer, and futurist Thomas P, Vartanian challenges those who work with banks and other financial institutions to become more effective partners by better understanding the complex future of banking. His presentation will assess the remarkable technological changes that are impacting the U.S. economy and revolutionizing money, regulation, and financial markets. He will dissect the underappreciated risk of interest rate mismatch that decimated the S&L industry in the crisis that he handled 40 years ago and led to the collapse of banks like Silicon Valley Bank this year. He predicts a novel theory of “cooperative regulation” that he argues can more effectively regulate digital products like cryptocurrencies and assimilate technological tools like artificial intelligence that regulators can deploy to more effectively foster systemic stability and strength. His audiences are left with answers to some of the biggest challenges that the banking industry faces.

Learning Objectives:

• Analyze the challenges posed by a digital economy to banks, their regulators and partners
• Compare traditional regulation with what it must become in the future
• Identify the tools that banks and regulators will need to promote stabile markets in the future