Keynote: A Fireside Chat with Jo Ann Barefoot, Alliance for Innovative Reg & Sultan Meghji, FDIC
summary
Regulatory staff estimate ~1% can define open source, so regulators must learn GitHub workflows and embed code with rules. Proposal: attach open-source code to legislation and publish common data models and API standards so community banks, fintechs and regulators share one implementation. Cited concrete win: moving exchange systems and FIX-style standards boosted per-node throughput from ~15,000 to ~400,000 tps and cut settlement latency dramatically. Urgent risks include post-quantum crypto migration; join the GitHub SIG to collaborate.
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chapters (10)
- 0:00Regulatory tech discussion intro
- 0:42FDIC innovation leader background
- 2:24Tech to government service transition
- 3:50Banking system evolution & challenges
- 4:50Open source legislation dream
- 6:14Open source benefits & risks
- 6:55Banking inefficiencies solutions
- 8:21Call to action for tech & finance
- 9:01Regulatory engagement steps
- 10:04Best time for fintech change
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