25867 Law and Regulation for Digital Finance

Description

Digital Finance at its very foundational level relies on the digital representation of ownership to assets, for instant exchange or transfer. This subject covers the legal and regulatory implications this digitisation raises in practice, and how they can be addressed. The subject covers title regulations, as the 'glue' that ties digital representation to legal ownership. This is differentiated by asset class, and by geographical location. Transaction authorisation and repudiation rules are discussed, as are their implications for digitised asset-based market design. Key regulatory questions are covered, such as the definition of securities and financial products, regulatory responsibilities, and policy developments, in Australia and internationally. The concept of measurable market integrity is discussed, as well as evidence-based policy making. The subject covers regulatory enforcement in financial markets, and options for algorithmic real-time enforcement in future marketplaces.