Daniel Prince

Could a Cyber Attack Cause a Systemic Impact in the Financial Sector?

There is not a uniform view of the link between cyber risk and systemic risk: some assume a direct link whereas others query the connection. Beyond nation states, the vast majority of independent cyber attackers are currently unlikely to have the …

Risks and Transaction Costs of Distributed-Ledger Fintech: Boundary Effects and Consequences

Fintech business models based on distributed ledgers -- and their smart-contract variants in particular -- offer the prospect of democratizing access to faster, anywhere-accessible, lower cost, reliable-and-secure high-quality financial services. In …