At the 2017 Fintech Americas held on 5-6 October in Miami, Florida, Samuel Kramer, partner based in Chicago, had a fireside chat with Kevin Greenfield, Director for Bank Information Technology, Office of the Comptroller of the Currency, about the regulatory framework in the region. They also discussed the challenges that both regulators and banks face when pursuing or promoting an innovation and bank transformation agenda. It also provided the point of view of the key and instrumental role that regulators play in supporting the digital transformation in the Americas.
Reported valuations of cryptocurrencies and digital assets are on the rise. With cryptocurrency investors entering into unsecured and/or secured financing, the risks attached to this trend are noteworthy.