Stuart Alderoty is the Chief Legal Officer at Ripple, overseeing the legal, compliance and regulation departments. Stuart brings more than 30 years of legal experience to the role with expertise in financial services and regulatory affairs. He’s been General Counsel and part of the executive leadership teams at CIT Group and HSBC North America Holdings. Stuart also was Managing Counsel at American Express where he served on the leadership team of the President and CEO of American Express’ Consumer Card Business. Stuart began his career in private practice and was a partner with the international law firm of LeBouef, Lamb, Greene and MacRae where he specialized in complex litigation.
Hall 1, Singapore EXPO
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As the digital age continues to redefine finance, this session delves into the pivotal role of tokenization and digital assets in modernizing financial infrastructure. Explore how tokenization could enhance accessibility, efficiency, and inclusivity, and discover when we can expect mainstream adoption in real-world financial use cases.
Roundtable 6
Invite-Only
Discussions on the regulation of decentralised finance (“DeFi”) have picked up pace over the past year. In the vein of the Financial Stability Board’s “same risk, same activity, same regulation” framework for regulating digital assets, many regulators have turned to the concept of activity-based regulation when looking at DeFi, stating that obligations apply to regulated activities even if they are decentralized.
The International Organization of Securities Commissions (IOSCO) has offered more specific recommendations on how supervisory oversight could be applied in its proposed policy recommendations for decentralized finance. The recommendations centre around the concept of ‘responsible persons’, who may be subject to regulation for DeFi arrangements, and applying risk management, disclosures and other obligations onto such persons.
In this roundtable, we bring together policymakers and industry participants to discuss possible frameworks for DeFi regulation, covering:
- “Same risk, same activity, same regulation”: How can we bring practical clarity of this concept to the DeFi space?
- Responsible person: Possible models for attributing responsibility in a decentralised environment
- Compliance, decentralised: What do good governance and controls look like for DeFi?
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