Looking Back, Looking Forward (LBLF)
LBLF provides a concise and analytical discussion of issues relating to the intersection of finance, technology, regulation, globalization and sustainable development.
Led by Professor Douglas Arner, LBLF focuses on major current issues in global finance, presenting them in their wider context.
Topics include digitization and datafication of finance, major trends and themes in global finance and its regulation, and the role of finance in sustainable development.
LBLF goes out every month to over 100,000 learners on the HKU-edX Professional Certificate in FinTech.
Crypto After FTX: What's Next?
Looking Back, Looking Forward
with Professor Douglas Arner | Ep.11
In this month’s episode of Looking Back Looking Forward, Professor Douglas Arner discusses the FTX fallout and the likely causes to its insolvency. Although emergency liquidity, often through central banks, can offer relief in traditional markets, the cryptocurrency platform's calamity stems from issues within Alameda Research, FTX’s sister company, including lack of internal controls and accounting systems. Professor Arner also emphasises the need for stronger regulation enforcement against fraud and manipulation to strengthen company liability and protect customer accounts and assets.