Showing 10 of 28 quotes
If you exclude your talent base from the benefits of hiring and deploying and making women successful, you're going to do less well than businesses that do a better job on that front. ”
The thing about innovation in financial markets is they're always building on what has come before. It's a natural process. ”
In bypassing barriers between different classes, maturities, rating categories, debt seniority levels and so on, credit derivatives are creating enormous opportunities to exploit and profit from associated discontinuities in the pricing of credit risk. ”
With private chains, you can have a completely known universe of transaction processors. That appeals to financial institutions that are wary of the bitcoin blockchain. ”
I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic risk counterparty exposures. I began to believe that distributed ledgers had the capability to tackle that problem. ”
Just being able to trade financial commodities is a serious limitation because financial commodities represent only a tiny fraction of the reality of the real commodity exposure picture. We need to be active in the underlying physical commodity markets in order to understand and make prices. ”
The blockchain is the financial challenge of our time. It is going to change the way that our financial world operates. ”
Blockchain technology represents a generational opportunity to mutualize database infrastructure across entities within financial services. What that translates into is an enormous cost-saving, risk-reducing, and capital-enhancing opportunity. ”
In financial services, the front end of the world operates at super-high speeds: comparative advantages are measured in fractions of nanoseconds. And yet back end processes - the amount of time you have to wait when you sell a stock before cash hits your account - can take days. ”
It was amazing feeling to be able to be involved in invention, but not just invention - the creating of a marketplace that had real value to add. ”