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Cryptocurrencies: Money of the Future?

Tuesday, January 16 | 5:45 – 9:00 Followed By A Catered Networking Reception

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ATTENDANCE & LIVESTREAM OPTIONS AVAILABLE Registration and Pricing Details

To Attend

Members: $30 | Nonmembers $70

Livestream Access

Free & Available to Members Only

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Agenda

5:45 – Registration

6:00 – Opening Remarks and Introduction CAROLE K. CRAWFORD, CFA, Founder & Managing Partner, fincap360; Chair, CFANY FinTech Leadership Group PETER SEREMETIS, CFA, Managing Director, Financial Services, Xerox

6:05 – Keynote THOMAS LEE, CFA, Managing Partner & Head of Research, Fundstrat Global Advisors, LLC

6:50 – Panel Discussion Moderator Lisa Vioni, CEO, Hedge Connection, Inc. Panelists RON QUARANTA, Chairman, Wall Street Blockchain Alliance JEFF BANDMAN, Founder & Principal, Bandman Advisors Emmanuel Aidoo, Head of Blockchain & Cryptocurrency Strategy, Credit Suisse CRISTINA DOLAN, Co-Founder & COO, iXLedger Joshua Ashley Klayman, Of Counsel, Morrison & Foerster LLP

7:50 – Closing Keynote NOLAN BAUERLE, Director of Research, CoinDesk

8:00 – Closing Remarks Daniel Dagen, CFA, Chief Executive Officer, CFANY

8:05 – Networking Reception

Event Overview

Cryptocurrency prices saw a rise of over 400% in the first three quarters of 2017, but are extremely volatile. Some prominent executives have declared Bitcoin and other crypto currencies a fraud, yet the CFTC has approved a swap execution facility (SEF) and derivatives clearing organization (DCO) for bitcoin swaps and options. Central banks across the globe are exploring issuing their own crypto or digital currencies, while many are banning initial coin offerings by companies.

Learning Outcome Statements

  • Gain an understanding of cryptocurrency:
    • What is it? How is it related to blockchain and distributed ledger technology? How is it different from other forms of digital money?
  • Learn about the current state of cryptocurrency development among central banks around the world
  • Understand the challenges that have prevented broader adoption of cryptocurrencies and what they mean the future

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Location

CFA NY Conference Center 1540 Broadway 45th St. Entrance Suite 1010

Fees

To Attend Members: $30 | Nonmembers $70

Livestream Access Free & Available to Members Only

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TO ATTEND Pricing TBD

LIVESTREAM REGISTRATION Coming Soon

Agenda

5:58 OPENING REMARKS

Tom Brigandi, Recipient of CFA Institute’s Inaugural Global Outstanding Young Leader Award

6:00 – 6:10 SPECIAL GUEST KEYNOTE ADDRESS

Bjorn Forfang, Deputy Chief Executive Officer, CFA Institute

6:10 – 6:30 KEYNOTE ADDRESS TBA

6:30 – 7:45 PANEL

Moderator

Han Yik, Head of Institutional Investors, World Economic Forum

Panelists

Marc Goldwein, Senior Vice President, Committee for a Responsible Federal Budget Focus: Entitlement Crisis

Brian Levitt, Senior Investment Strategist, OppenheimerFunds Focus: National Debt

Tim Blake, CFA, Managing Director & Chairman of Pension Steering Committee, Moody’s Investors Service Focus: Public Pension

7:45 CLOSING REMARKS

Roberto Peralta, CFA, Director, Société Générale

FOLLOWED BY A CATERED NETWORKING RECEPTION

TO ATTEND Members: $15 | Nonmembers: $30

LIVESTREAM REGISTRATION Free to Members & Nonmembers

Register to Attend
Livestream Registration
Asset Owners: Request Complimentary Admission

Media/Press: Complimentary admission with pre-approval. Please contact Jenny Ball at jball@cfany.org for related inquiries.

Description

This event will feature thought leaders that represent apolitical organizations such as large buy-side fund managers like OppenheimerFunds, in addition to objective non-partisan nonprofit organizations such as the Committee for a Responsible Federal Budget and the World Economic Forum, for a data driven discussion focused on quantifying the credit and market risks associated with the US government’s unfunded public pension and entitlement liabilities, in addition to national Federal debt. This event is hosted as a part of the CFA Society New York’s “Putting Beneficiaries First” initiative.

The US government’s fiscal year runs from October 1st through September 30th. During FY2017, according to the Department of Treasury’s financial statements, the US government took in $2.95 trillion in federal tax deposits. And on top of that, the government generated additional revenue through fees and investments. In total, the US government’s FY2017 revenue exceeded $3 trillion, more than the combined GDPs of the least wealthy 130 countries in the world. But the US government’s budget for fiscal year 2017 cost $4.1 trillion. To make up the shortfall, the US government added $671 billion to the national debt, in addition reducing the nation’s cash balance by $194 billion. In total, the federal government’s cash deficit was $865 billion for FY2017, which contributed to the national debt recently exceeding $20 trillion. According to former SEC Chairman Chris Cox and former House Ways and Means Committee Chairman Bill Archer in their November 28, 2012 WSJ article “Why $16 Trillion Only Hints at the True U.S. Debt”, the actual liabilities of the federal government—including Social Security, Medicare, and federal employees’ future retirement benefits—already exceed $86.8 trillion. In addition to federal entitlement liabilities and the national Federal debt, state and local government pensions also face an under-funding problem. According to the Federal Reserve, public pension assets reached a record $4.06 trillion as of June 30 2017. That said, according to a Moody’s Investors Service report published on September 13th 2017, nationwide public pension adjusted net pension liabilities will exceed $4 trillion in 2017, which means there is approximately $8 trillion in total adjusted public pension liabilities and slightly over $4 trillion in public pension assets.

Register to Attend
Asset Owners: Request Complimentary Admission
Livestream Registration

DISCLAIMER OF ENDORSEMENT References herein to any specific sponsor or service do not necessarily constitute or imply the endorsement, recommendation or favoring by CFA Society New York. CFA Society New York strives to be a community for diverse opinions and differing perspectives, and the views and opinions expressed by speakers, presenters and/or organizers at events do not necessarily state or reflect those of CFA Society New York. CFA Society New York expects all attendees to comply with CFA Society New York’s Code of Conduct while attending CFA Society New York events or meetings. CFA Society New York expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFA Society New York event or meeting.

CFA Society New York (“CFANY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFANY seeks to present accurate and reliable information, CFANY does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFANY has no duty to update and maintain the information, reports, or statements made during events. CFA Society New York specifically disclaims any such express or implied warranties. CFA Society New York and its affiliates, agents, and licensors will not be liable to you or anyone else for any loss or injury, caused in whole or in part by their negligence of contingencies beyond their control in procuring, compiling, reporting interpreting or delivering the information. In no event will CFA Society New York and its affiliates, agents, and licensors be liable to you or anyone else for any damages, including but not limited to consequential, special, indirect and incidental damages, even if advised of the possibility of such damages. The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you. None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund. CFANY is not responsible for any investment decision made by you. You should not make any financial, investment, trading or other decision based upon any of the information presented at CFANY without undertaking your own independent due diligence and consulting with a qualified and registered securities professional. You understand that your use of any of the information presented at CFANY is at your own risk. There is a substantial amount of risk in trading securities, and the possibility exists that you can lose all, most or a portion of your capital. CFANY does not, cannot, and will not assess or guarantee the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The securities mentioned in any CFANY presentation may not be suitable for investors depending on their specific investment objectives and financial condition.

Sponsorship Overview

For over 80 years, CFA Society New York—formerly known as New York Society of Security Analysts (NYSSA)—has been a leading forum for the exchange of information among investment professionals. Our mission is to raise standards of practice in the industry for the ultimate benefit of society. Towards that goal, CFA Society New York content is curated by volunteer practitioner interest groups that strive to shape the future of the industry. A bold line exists between the financial support by organizations to maintain the quality of our programming and the selection of speakers who contribute to dialogue in our community. To that end, a ceaseless commitment to transparency is something we consider foundational to our cause.

Please be advised of the following information related to Society sponsorship and support:

Through financial support and other means of in-kind support, each event sponsor, event partner, event co-host and organizational partner of CFA Society New York plays a valuable role in the furtherance of the range of forward-thinking initiatives that underpin the Society’s values, and toward our mission to deliver Society content and programming of the highest quality and standard.

CFA Society New York thanks all of its sponsors, event-related affiliates and organizational partners for helping us continue to shape the conversation of the investment community.

Legal Notice and Disclaimer

CFA Society New York (including its employees and agents) assumes no responsibility for presenters or consequences resulting from the use of information or content of such information presented, including (but not limited to) errors or omissions, the accuracy or reasonableness of factual or scientific assumptions, studies or conclusions, the defamatory nature of statements, ownership of copyright or other intellectual property rights, and the violation of property, privacy, or personal rights of others. The CFA Society New York is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on such information. No guarantees or warranties, including (but not limited to) any express or implied warranties of merchantability or fitness for a particular use or purpose, are made by CFA Society New York with respect to such information. CFA Society New York does not endorse, approve, or certify such information, nor does it guarantee the accuracy, completeness, efficacy, timeliness, or correct sequencing of such information. All presentations represent the opinions of the presenters and do not represent the position or the opinion of CFA Society New York or its members. Reference by the presenters to any specific commercial product, process or service by trade name, trademark, service mark, manufacturer, and corporation or otherwise does not constitute or imply endorsement, recommendation, or favoring by CFA Society New York.

CFA Society New York strives to be a community for diverse opinions and differing perspectives, and the views and opinions expressed by speakers, presenters and/or organizers at events do not necessarily state or reflect those of CFA Society New York.

CFA Society New York expects all attendees to comply with CFA Society New York’s Code of Conduct while attending CFA Society New York events or meetings. CFA Society New York expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFA Society New York event or meeting.

Inclement weather

CFANY reserves the right to cancel or reschedule all in-person events within 48 hours when inclement weather has been forecasted and travel is restricted by city officials.  The program may also be produced solely via livestream in such circumstances.  Please note the cancellation policy regarding refunds and substitutions.

Refunds, Cancellations, and Substitutions

  • 72 HOURS ADVANCED NOTICE OR MORE:
    • Full refund issued
  • WITHIN 48 HOURS OR AFTER EVENT HAS STARTED:
    • No refund

All requests for cancellation or refunds must be sent to cfanyevents@cfany.org.

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CFA Society New York, Inc. (“CFA NY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFA NY seeks to present accurate and reliable information, CFA Society New York does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFA Society New York has no duty to update and maintain the information, reports, or statements made during events.

The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you.

None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund.