A DLT Regulatory Control Framework for Decentrally Governed DLT Systems in the Australian Financial System

This thesis studied the risks of decentrally governed distributed ledger technology (DLT) systems in the Australian financial system and develops a framework of regulatory controls and design principles to treat these risks. While DLT systems address important concerns about the conventional reliance of regulatory governance on institutional intermediaries, they also challenge regulators by disintermediating key regulatory control points for managing risks. This thesis developed a regulatory control response framework to address the emerging challenge of decentrally governed DLT systems in the regulatory context of the Australian financial system. To develop the framework, regulatory control treatments were co-designed with Australian regulatory DLT experts using a participatory action design research approach. This thesis provides a practitioner vetted, theory ingrained framework with insights for regulators and researchers responding to the challenges of decentrally governed DLT systems.

Author dc:creator

• Benedict, Gayan

Statement dc:rights

• The author owns the copyright in this thesis including all reproduction and reuse rights for the work. The work may not be altered without the permission of the copyright owner. Attribution is essential when quoting or paraphrasing from this thesis.
• au.edu.uts.lib/ppc
• info:eu-repo/semantics/openAccess

Language dc:language.iso

en_US

Handle dc:identifier.uri

http://hdl.handle.net/10453/150969

OAI identifier oai:identifier

oai:opus.lib.uts.edu.au:10453/150969