Kimberley Liao is a Senior Associate in the Supervision Group at the Federal Reserve Bank of New York. Since 2015, she has covered FinTech and its impact on payments, clearing, and settlement activities. Her areas of focus include distributed ledger technology, virtual currencies, central bank digital currencies, and the FinTech regulatory landscape. In addition to these topics, she also monitors developments in digital lending and investing. Kim led Phase One of a cross-System FinTech baseline monitoring exercise across the LISCC and DFMU firms and will be leading Phase Two in 2018.
Prior to joining the FRBNY, she was a management consultant in the private equity practice of PwC’s PRTM and an M&A investment banker at CIT Group. Kim earned her Master of Arts degree at Tufts University’s Fletcher School of Law and Diplomacy. She received her Bachelor of Science degree from Georgetown University’s School of Foreign Service. Kim is a commissioned bank examiner (safety and soundness track) and has completed The Fletcher School’s Certificate in Digital Money where she has also served as a class coach to each successive cohort.
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.