Application of Distributed Ledger Technology to Financial Services Regulation and Compliance | Practical Law

Application of Distributed Ledger Technology to Financial Services Regulation and Compliance | Practical Law

An Article examining how blockchain and distributed ledger technology (DLT) could facilitate regulatory compliance in banking and financial services, saving time and expense, and preventing errors. This Article also details a test case for the application of DLT to regulatory compliance using the example of CFTC swap data reporting regulations.

Application of Distributed Ledger Technology to Financial Services Regulation and Compliance

by Practical Law Finance, with contribution from Neepa Patel, R3, and Jason Rozovsky, Legal Center of Excellence, R3*
Law stated as of 27 Dec 2021 • International, USA (National/Federal)
An Article examining how blockchain and distributed ledger technology (DLT) could facilitate regulatory compliance in banking and financial services, saving time and expense, and preventing errors. This Article also details a test case for the application of DLT to regulatory compliance using the example of CFTC swap data reporting regulations.