{"id":3100,"date":"2022-11-01T12:31:05","date_gmt":"2022-11-01T04:31:05","guid":{"rendered":"https:\/\/webapp3.law.cuhk.edu.hk\/conf\/20221202\/?page_id=3100"},"modified":"2022-11-07T12:56:51","modified_gmt":"2022-11-07T04:56:51","slug":"prof-dan-awrey","status":"publish","type":"page","link":"https:\/\/webapp3.law.cuhk.edu.hk\/conf\/20221202\/prof-dan-awrey\/","title":{"rendered":"Prof. Dan Awrey"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3100\" class=\"elementor elementor-3100\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2e6a266f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2e6a266f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e4d02e5\" data-id=\"4e4d02e5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-72d21779 elementor-widget elementor-widget-image\" data-id=\"72d21779\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/webapp3.law.cuhk.edu.hk\/conf\/20221202\/wp-content\/uploads\/sites\/46\/elementor\/thumbs\/3.-Dan-Awrey_Photo-px1uebyih0gdzrwdoy9irwak29shtory923q2kq5ao.jpg\" title=\"3. Dan Awrey_Photo\" alt=\"3. Dan Awrey_Photo\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3b7ca06e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3b7ca06e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7182bdac\" data-id=\"7182bdac\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1f124321 elementor-widget elementor-widget-text-editor\" data-id=\"1f124321\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Dan Awrey is a Professor of Law at Cornell Law School. Dan\u2019s teaching and research interests reside in the area of financial regulation and, more specifically, the regulation of banks, investment funds, derivatives markets, payment systems, and financial market infrastructure. Dan has undertaken research and provided advice at the request of organizations including the Bank for International Settlements, U.S. Treasury Department, Federal Reserve Board, the President\u2019s Working Group on Financial Markets, Her Majesty\u2019s Treasury, UK Financial Conduct Authority, Commonwealth Secretariat, and European Securities and Markets Authority. His research has been featured in publications including the <em>Yale Law Journal<\/em>, <em>New York University Law Review<\/em>, <em>Georgetown Law Journal,<\/em> <em>Cornell Law Review<\/em>, <em>Yale Journal on Regulation<\/em>, <em>Harvard Business Law Review<\/em>, and the <em>Journal of Comparative Economics<\/em>.<\/p><p>Dan is a co-author of one of the leading textbooks on financial regulation, <em>Principles of Financial Regulation<\/em>, published by Oxford University Press. Dan is also a founding co-managing editor of the <em>Journal of Financial Regulation<\/em>.<\/p><p>Before joining Cornell in 2019, Dan was Professor of Financial Regulation at the University of Oxford, where he was also Director of the MSc program in Law and Finance between 2014-2016. Before entering academia, Dan was director of law and corporate affairs for a global investment management firm and, prior to that, a securities lawyer at a major Canadian law firm.<\/p><p><strong>Gresham\u2019s New Law: Technology, Regulation, and the Future of Money<\/strong><\/p><p>Abstract:<br \/>This paper is the introductory chapter to my forthcoming book \u201c<em>Gresham\u2019s New Law<\/em>\u201d (Princeton, 2023). The book is about the past, present, and future of money. New technologies are rapidly expanding the frontier of what is possible in the realm of money and payments. Prominent examples include payment platforms like PayPal and Venmo, mobile money networks such as Kenya\u2019s M-Pesa, and so-called \u201cstablecoins\u201d. Ultimately, these new institutions seek to compete with the current gatekeepers of our monetary system: banks. Yet despite their apparent technological superiority, the institutions that populate this new \u201cshadow\u201d monetary system suffer from an enormous and deeply entrenched disadvantage. That disadvantage is the law. New Money chronicles the rise of the shadow monetary system, explores its core institutional features, and explains how the law puts it at a comparative disadvantage to the conventional banking system. It then asks what we can learn from money\u2019s past and present about how to build a safer, faster, and more inclusive future.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Dan Awrey is a Professor of Law at Cornell Law School. Dan\u2019s teaching and research interests reside in the area of financial regulation and, more&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3100","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/webapp3.law.cuhk.edu.hk\/conf\/20221202\/wp-json\/wp\/v2\/pages\/3100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/webapp3.law.cuhk.edu.hk\/conf\/20221202\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/webapp3.law.cuhk.edu.hk\/conf\/20221202\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/webapp3.law.cuhk.edu.hk\/conf\/20221202\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/webapp3.law.cuhk.edu.hk\/conf\/20221202\/wp-json\/wp\/v2\/comments?post=3100"}],"version-history":[{"count":6,"href":"https:\/\/webapp3.law.cuhk.edu.hk\/conf\/20221202\/wp-json\/wp\/v2\/pages\/3100\/revisions"}],"predecessor-version":[{"id":3297,"href":"https:\/\/webapp3.law.cuhk.edu.hk\/conf\/20221202\/wp-json\/wp\/v2\/pages\/3100\/revisions\/3297"}],"wp:attachment":[{"href":"https:\/\/webapp3.law.cuhk.edu.hk\/conf\/20221202\/wp-json\/wp\/v2\/media?parent=3100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}