Episode #34 - Lin on the Rise of Cyborg Finance

 In this episode I talk to Tom Lin. Tom is a Professor of Law at Temple University’s Beasley School of Law. His research and teaching expertise are in the areas of corporations, securities regulation, financial technology, financial regulation, and compliance. Professor Lin and his research has been published and cited by numerous leading law journals, and featured in The Wall Street Journal, Bloomberg News, and The Financial Times, among other media outlets. We talk about the rise of 'cyborg finance' (Cy-Fi) and the regulatory challenges it poses.  You can download the episode here, or listen below. You can also subscribe on Apple Podcasts or Stitcher (the RSS feed is here). Show Notes0:00 - Introduction1:30 - What is cyborg finance?5:57 - What explains the rise of cyborg finance? Innovation, Regulation and Competition9:00 - The problem of systemic risk in the financial system15:05 - "Too Linked to Fail" - The first systemic risk of cyborg finance19:30 - "Too fast to save" - the second systemic risk of cyborg finance23:00 - The problem of short-term thinking in the financial system27:15 - Does cyborg finance undermine the idea of the 'reasonable investor'?34:57 - The problem of cybernetic market manipulation37:44 - Are these genuinely novel threats or old threats in a new guise?41:11 - Regulatory principles and values for the age of cyborg finance  Relevant linksTom's faculty webpageTom's SSRN page"The New Investor" by Tom Lin"The New Financial Industry" by Tom Lin"The New Market Manipulation" by Tom LinEpisode #22 - Wellman and Rajan on Automated TradingEpisode #25 - McNamara on Fairness, Utility and High Frequency Trading #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } /* Add your own MailChimp form style overrides in your site stylesheet or in this style block. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */ Subscribe to the newsletter