In today’s edition of Daily Compliance News:
How do you keep pace with innovation? Returning to the podcast is Syed Hussain, the Co-Founder & CEO at Liquidity Digital, a blockchain-based FinTech firm that’s building an end-to-end digital security system. How does this work and how can it make our organizations more efficient, more compliant, and more profitable?
The shift to digital
Traditional forms of capital formation are simply not keeping pace with what the capital demands of the markets are. What blockchain enables people to do is take their existing assets, digitize and securitize those assets, and transform them into digital securities. At Liquidity, they’re building a platform that will allow for the issuance of these digital securities, paving the way for capital markets to go and take the digital route.
Benefits of digital security
Digital security is now bringing in opportunities that aren’t possible in the traditional world. Because these things are built on top of blockchain, it is inherently a very, very secure protocol. It’s transparent, as you’re able to store it on an immutable record and can trace any changes and transfers of ownership. It’s also accessible, allowing you to expand out into global markets. And because it’s digital, it’s made extremely efficient through automation, leading to massive cost reductions and a tremendous amount of savings.
Regulations and Innovation
Liquidity works hand in hand with regulators and partners with them: regulators are able to learn about the technology and build regulations around it, as well as helping Liquidity navigate regulatory channels so that while they leverage this new technology, they can make sure everything is compliant.
Regulators are being very open-minded in their approach, and are seeing this new technology as something to look forward to that is leading the charge. This is something that is going to bring in massive amounts of innovation, and while innovation is always going to be ahead of regulation, what’s important is that regulations are able to quickly catch up.
As innovators, the responsibility lies with us: we cannot make changes in reaction to regulations. We need to work with regulators so we can innovate proactively and have innovation through regulation.
Resources
Syed Hussain (LinkedIn)
Liquidity.Digital (Website)
Twitter
In today’s edition of Daily Compliance News:
In today’s edition of Daily Compliance News:
In today’s edition of Daily Compliance News:
In today’s edition of Daily Compliance News:
A big tip of the hat to the Liverpool Football Club for its stunning 4-0 trouncing of Barcelona at Anfield to roar back into the Champions League finals for the second consecutive year. With Tom still singing You’ll Never Walk Alone, he takes a break to join Jay to discuss both events some of this week’s top compliance and ethics stories which caught their collective eyes.
Tom Fox is the Compliance Evangelist and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.
For more information on how an independent monitor can help improve your company’s ethics and compliance program, visit our sponsor Affiliated Monitors at www.affiliatedmonitors.com.
In today’s edition of Daily Compliance News:
Welcome to the only roundtable podcast in compliance. Today, we have the full quintet of Mike Volkov, Jay Rosen, Matt Kelly, Jonathan Armstrong and our newest colleague, Sarah Hadden. We take on one topic which the panelist explores from their expertise. The topic is the Justice Department’s Evaluation of Corporate Compliance Programs-2019 Guidance which was recently released.
The members of the Everything Compliance panelist are:
The host and producer (and sometime panelist) of Everything Compliance is Tom Fox the Compliance Evangelist. Everything Compliance is a part of the Compliance Podcast Network.
We talked about what it’s like to go into law and compliance as a second career – Lisa started out work life in politics before going to law school as a young mum, then working in health law in private practice before joining us at Fresenius Medical Care as the Chief Compliance Officer of the North America business. Lisa gave advice for those wanting to get into healthcare compliance. Lisa gave her views on the benefits of proactively asking for opportunities at work to make your ambitions known. We acknowledged that while this might be viewed as an aggressive move or maybe a staff member would be nervous about the reception if their requests were rejected, that overall this is a good tactic if you will for signaling to a manager that you’re hungry for more. While the manager may not be in a position to grant you the precise request at the given time, at the very least it will show an attitude for wanting to develop and better yourself and the manager will now be conscious of what you’re looking for and look for other ways that may get you there if what you’ve suggested won’t work for the moment
