FinTech and the Financial System: From Problem to Crisis Response Mechanism
This hybrid lecture hosted by UNSW Allens Hub for Technology will take place in-person at the UNSW Law & Justice Building (Level 2, Law Common Room) and online via Zoom. Please indicate your attendance preference on checkout.
Plague, war, famine and death are characteristic for the 2020s so far. As will be argued, unlike in 1997 or 2008, finance has been not the cause of, but part of the effective response to, these crises. Finance has been largely resilient in the face of the crises of this decade, and played important roles in responding to the perennial set of crises and disasters in both developed and developing countries. To continue as a force for good, financial regulation must aim at furthering financial stability, financial inclusion, innovation and wider sustainable development. Digital finance, well regulated, will be essential to respond to the increasing range of crises likely in coming decades. To realise this potential, FinTech and digital finance require a readjustment of approaches to the regulation of finance and technology.
The lecture draws on a set of papers on financial technology and sustainable finance written by the presenter and his co-authors:
- FinTech and the Four Horsemen of the Apocalypse
- Digital Finance & The COVID-19 Crisis
- Sustainability, FinTech and Financial Inclusion
- Ukraine, Sanctions and Central Bank Digital Currencies: The Weaponization of Digital Finance and the End of Global Monetary Hegemony?
- Regulating Sustainable Finance in the Dark
- A Sustainability Crisis Makes Bad Law! - Towards Sandbox Thinking in EU Sustainable Finance Law and Regulation
- Ten Million or One Hundred Million Casualties? – The Impact of the COVID-19 Crisis on the Least Developed and Developing Countries and Europe’s Sustainability Agenda
Prof. Dr. Dirk Zetzsche, LL.M., is Professor of Financial Law at the University of Luxembourg where he holds the ADA Chair in Financial Law (inclusive finance) sand leads the Faculty’s House of Sustainable Governance & Markets. Professor Zetzsche also serves as a Director of the Center for Business & Corporate Law at Heinrich Heine University Düsseldorf and a Visiting Professorial Fellow at UNSW Sydney (2021-2024). His current research focuses on inclusive and sustainable finance as well as financial and corporate law, in particular on payment and banking systems, collective investment schemes, institutional investments and FinTech/RegTech/CorpTech. Prof. Zetzsche serves on ESMA’s Working Group on Financial Innovations and is the Luxembourg representative on UNIDROIT’s steering committee on the law and regulation of crypto-assets. He also co-chairs the European Banking Institute’s FinTech working group.