Senior Director (Head of Office)
FINRA – Office of Emerging Regulatory Issues
Haimera Workie is a Senior Director responsible for heading up FINRA’s Office of Emerging Regulatory Issues, which focuses on analyzing new and emerging risks and trends related to the securities market. As part of these responsibilities, Mr. Workie leads FINRA’s Innovation Outreach Initiative which is designed to foster an ongoing dialogue with market participants in order to build a better understanding of financial technology (FinTech) innovations and their impact on the securities markets. Previously, Mr. Workie served as Deputy Associate Director in the Division of Trading and Markets at the U.S. Securities and Exchange Commission. In this capacity, Mr. Workie was tasked with developing a variety of Dodd-Frank Act related rulemakings, supervising policy matters related to market intermediaries and financial market utilities, and representing the SEC before several international standard setting bodies. Mr. Workie also previously served as Counsel to SEC Chair Mary Schapiro. Prior to joining the SEC, he was an associate at the law firm of Skadden, Arps, Slate, Meagher & Flom, with a practice focusing on corporate law. He is a graduate of the Massachusetts Institute of Technology (B.S., M.S.) and Harvard Law School (J.D.).
While there is a lack of standardized regulation around virtual currencies (or even what they are) the industry continues to experience growth. As a result, banks are hesitant to enter the space and provide access to the traditional financial system. The panel will discuss the regulatory framework, the risks involved and mitigants.