Fintech, Disruption, and Financial Stability
Anders Borg, chair of the Global Financial System Initiative at the World Economic Forum, led a discussion on fintech, disruption, and financial stability on April 19, 2017, at the Peterson Institute for International Economics. Daniel Heller, PIIE visiting fellow, presented a new PIIE Policy Brief on what central banks and regulators need to know about bitcoin. Discussants Bertrand Badré, CEO and founder of BlueOrange Capital, and Sarah Bloom Raskin, former deputy secretary of the US Treasury, provided private and public sector perspectives on financial innovation.
In addition to his role at the World Economic Forum, Anders Borg is currently deputy chairman of Kinnevik AB, advisor to Citi, and member of the board of directors of Stena International. During 2006–14, he was minister for finance of Sweden and chief economist and administrative director of the Swedish Moderate Party.
Daniel Heller has been a visiting fellow at PIIE since January 2017. Before joining the Institute, he was head of financial stability at the Swiss National Bank, head of the Secretariat of the Committee on Payment and Settlement Systems at the Bank for International Settlements, and executive director for Switzerland, Poland, Serbia, Azerbaijan, and four Central Asian republics at the International Monetary Fund.
Sarah Bloom Raskin was deputy secretary of the US Department of the Treasury from March 2014 to January 2017. Prior to joining the Treasury, Raskin served as a governor of the Federal Reserve Board since her confirmation by the US Senate in September 2010. She was previously commissioner of financial regulation for Maryland from 2007 to 2010.
Bertrand Badré has been CEO and founder of BlueOrange Capital since September 2016. He was visiting fellow at the Peterson Institute from March to September 2016. Previously he was managing director for finance and chief financial officer for the World Bank Group and oversaw the finance and risk management units across the Group.