Financial System of the Future
October 31, 2019 – November 1, 2019
Federal Reserve Bank of Atlanta
The Center for Financial Innovation and Stability (Federal Reserve Bank of Atlanta) and the Center for the Economic Analysis of Risk (Georgia State University) are organizing the conference Financial System of the Future, to be held at the Federal Reserve Bank of Atlanta on October 31 and November 1, 2019. The conference goal is to bring together economists, finance and risk management professionals, and regulators to discuss how changing technology is likely to affect financial stability.
The financial services business is an information technology business that operates in an environment with substantial government involvement. The state of both technology and government intervention have evolved considerable since the crisis that began in 2007 with potentially large implications for the future financial system. On the government involvement side, we saw first large scale government intervention to protect financial stability and subsequently a substantial tightening of prudential regulation to reduce the risk of future crisis. On the technology side, we have seen an explosion of developments in a wide variety of areas including increased availability of data to firms, new tools for managing and analyzing data, and new ways for financial services consumers to access and manage their data. These developments have the potential to change profoundly the conduct of financial intermediation. The purpose of this conference is to examine how these and related developments are changing the financial system.