Kathy is a Project Leader in the Financial Market Infrastructure (FMI) Risk & Policy section at the Federal Reserve Board. She has worked on topics ranging from retail payments research to developing Federal Reserve policy and regulation on the risk management of FMIs. In early 2016, she also began studying distributed ledger technology and its implications for payment, clearing, and settlement activities. Kathy has a BA in economics from University of Virginia and an MBA from Georgetown University.
This paper examines how DLT can be used in the area of PCS, and identifies both the opportunities and challenges associated with its long-term implementation and adoption.