Book Talk and Discussion: Driverless Finance Fintech's Impact on Financial Stability

Please join us for a discussion of Professor Hilary J. Allen's book, Driverless Finance: Fintech's Impact on Financial Stability (Oxford University Press, Jan. 13, 2022). 

Driverless Finance the threats that different fintech innovations pose for our financial system. With in-depth and accessible descriptions of new financial technologies and business models - ranging from distributed ledgers to machine learning, cryptoassets to robo-investing - this book allows readers to think more critically about fintech, and about how the law should respond to it.

This book highlights the increased speed, complexity, and coordination inherent in new fintech innovations, and illustrates how these features could come together in a massive financial system failure. It makes the case for a precautionary approach to regulating fintech, erring on the side of caution to avoid a financial crisis that could have irreversible and catastrophic effects for our society. Because neither longstanding regulatory approaches nor experimental new approaches like regulatory sandboxes were designed to address fintech's systemic risks, this book makes several bold new proposals for regulation designed to make fintech-inspired financial crises less likely.

About the Author

Hilary J. Allen is a Professor at the American University Washington College of Law, where she teaches courses in corporate law and financial regulation. She has published numerous articles on fintech and financial stability regulation in academic journals and the popular press. Prior to entering academia, Professor Allen spent seven years working in the financial services groups of prominent law firms in London, Sydney, and New York, and in 2010, she worked with the Financial Crisis Inquiry Commission appointed by Congress to study the causes of the financial crisis of 2008.

Moderators

Andrew Jennings
Assistant Professor of Law
Brooklyn Law School

Vijay Raghavan
Assistant Professor of Law
Brooklyn Law School


This event is being held in person at Brooklyn Law School.

Sponsored by the Center for the Study of Business Law and Regulation.

Please RSVP by Friday, October 7.

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