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E46: The Future of Finance and The Regulatory Process with RND Resources’s Dave Banerjee

by Sean Boyce

Dave Banerjee from RND Resources joins me to discuss recent innovative activity in financial engineering products, the future of finance, and how the regulatory process will impact digital currencies…

Dave Banerjee has been the CEO of RND Resources for over 37 years, where he provides outsourced regulatory compliance consulting to Broker-Dealers, Registered Investment Advisers, FCM, Banks, and Insurance agencies. Here are a few of the topics we’ll discuss on this episode of Product Launch:
  • How RND Resources helps financial service companies.
  • The fundamental basis of investment markets.
  • The increase in innovative activity in financial engineering products.
  • The different types of people involved in new digital elements.
  • How Bitcoin started and the validity of the idea behind it.
  • NFTs, digital autonomous organizations, and how financial service companies are innovating in this space.
  • The difference between regulations in the institutional and retail space.
  • The level of commitment required to pass the regulatory process.
  • Different policies around cross-currency transactions.
  • The difference between minimizing taxes and tax avoidance.
  • How the world of finance will change in the future.
  • The issues with blockchain technology.

Resources:

Connecting with Dave Banerjee:

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Connecting with the host:

Quotables:

  • 09:36 – “Bitcoin regulation is far from being forthcoming but we’ve seen an acceptance rate that is far ahead of the regulatory reach, and that may or may not be a bad thing.”
  • 14:34 – “We have to always be wary of new products coming into the retail consumer market and the overlapping regulations that there are on it.”