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Extraction Summary
5
People
7
Organizations
1
Locations
1
Events
5
Relationships
1
Quotes
Document Information
Type:
Conference presentation slide
File Size:
Summary
This document from a 2016 Bank of America Merrill Lynch conference presents survey data on blockchain technology in financial services. The charts indicate that most attendees were moderately knowledgeable, saw a significant opportunity for its application, and believed broad adoption would take 3-5 years or more. The page also summarizes a panel discussion on clearing rules, identifying rising costs and complexity as the main challenges of the Uncleared Margin Rule (UMR).
People (5)
| Name | Role | Context |
|---|---|---|
| Brian Ruane | ||
| Lee Betsill | ||
| Michael C. Bodson | ||
| John Horkan | ||
| Marcus Denne |
Organizations (7)
| Name | Type | Context |
|---|---|---|
| BofA Merrill Lynch Global Research | ||
| Bank of America Merrill Lynch | ||
| BNY Mellon | ||
| CME Group | ||
| DTCC | ||
| LCH | ||
| LSE Group |
Timeline (1 events)
2016 Future of Financials Conference
Locations (1)
| Location | Context |
|---|---|
Relationships (5)
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Key Quotes (1)
"Most investors (95%) thought the rising cost, particularly in the amount of collateral required (50%) and the complexity around infrastructure and different country rules (45%) were the main issues."Source
HOUSE_OVERSIGHT_014361.jpg
Quote #1
Full Extracted Text
Complete text extracted from the document (1,656 characters)
Chart 67: How knowledgeable are you with blockchain technology?
60%
50%
50%
40%
34%
30%
20%
16%
10%
0%
Very knowledgeable
Moderately knowledgeable
Not at all knowledgeable
50%
50%
40%
34%
30%
20%
16%
10%
0%
Very knowledgeable
Moderately knowledgeable
Not at all knowledgeable
Source: BofA Merrill Lynch Global Research
Chart 68: After this panel, how do you feel about the applicability of blockchain technology in financial services?
Chart 69: How long do you think it will take for financial sevices industries to broadly adapt blockchain technology?
80%
45%
71%
70%
40%
40%
36%
60%
35%
50%
30%
24%
40%
25%
30%
20%
20%
14%
14%
15%
10%
10%
0%
5%
0%
0%
A significant
A modest opportunity
Overhyped
opportunity for
for financial service
technology
12-24 months
3-5 years
5+ years
10+ years
financial service firms
firms
45%
71%
70%
40%
40%
36%
60%
35%
50%
30%
24%
40%
25%
30%
20%
20%
14%
14%
15%
10%
10%
0%
5%
0%
0%
A significant
A modest opportunity
Overhyped
opportunity for
for financial service
technology
12-24 months
3-5 years
5+ years
10+ years
financial service firms
firms
Source: BofA Merrill Lynch Global Research
Source: BofA Merrill Lynch Global Research
Source: BofA Merrill Lynch Global Research
The Future of Clearing: Understanding the Options
• Guest speakers in this panel included Brian Ruane (CEO, Broker Dealer Services, BNY Mellon), Lee Betsill (Chief Risk Officer, CME Group), Michael C. Bodson (President & CEO, DTCC), John Horkan (Head of North America and Global COO, Rates & FX, LCH, LSE Group) and Marcus Denne (Director, Global Clearing, BofA Merrill Lynch).
• With the start of the Uncleared Margin Rule (UMR) on September 1st, we asked investors what was the primary challenge related to the new clearing rules. Most investors (95%) thought the rising cost, particularly in the amount of collateral required (50%) and the complexity around infrastructure and different country rules (45%) were the main issues.
Bank of America
Merrill Lynch
Merrill Lynch
2016 Future of Financials Conference | 17 November 2016 47
HOUSE_OVERSIGHT_014361
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