# Professor Thomas Philippon's research on the financial services industry is referenced

1 Faculty News January 23, 2017 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](http://www.reuters.com/article/us-markets-saft-idUSKBN1572RI) -- "[Philippon](http://www.stern.nyu.edu/faculty/bio/thomas-philippon) argues that if savers are to benefit from the next wave of innovation, such as blockchain banking, it will be because regulation stops existing banks from co-opting it and keeping all of the benefits of efficiencies to themselves."

[Read more](http://www.reuters.com/article/us-markets-saft-idUSKBN1572RI)