Author: Squam Lake Working Group on Financial Regulation
Information about prices and quantities of assets lies at the heart of well-functioning capital markets. In the current financial crisis, it has become clear that many important actors—both firms and regulatory agencies—have not had sufficient information. Distributed by the Center for Geoeconomic Studies, this Working Paper proposes a new regulatory regime for gathering and disseminating financial market information. The authors argue that government regulators need a new infrastructure to collect and analyze adequate information from large (systemically important) financial institutions. This new information framework would bolster the government's ability to foresee, contain, and, ideally, prevent disruptions to the overall financial services industry.
U.S. Department of Commerce transferred governance of domain name system (DNS) to the nonprofit Internet Corporation for Assigned Names and Numbers (ICANN). This memorandum, released on November 25, 1998, began a process of confirming that the private sector had adequate resources to manage the DNS. On March 14, 2014, the U.S. government announced additional transitions of domain name functions to ICANN. On April 24, 2014, the NETmundial conference discussed Internet governance projects like ICANN.
The global threat of cyber-attacks on internet infrastructure has been amplified in recent years, with breaches affecting major financial institutions, the U.S. Department of Defense, and even entire countries. In the U.S., President Obama has declared cybersecurity to be a national priority, stressing the importance of public-private collaboration. Despite this newfound policy attention to the issue of cybersecurity, broad-scale cooperation, both between national entities, and between the public and private sectors has not caught up to the global scale of cyber-attacks. Join Massimo Sarmi and Stephen Flynn, in discussing Poste Italiane's new initiative for global cooperation in ensuring cybersecurity.
About Poste Italiane's cybersecurity initiative: Poste Italiane intends to create an International Centre of Excellence for Cyber Security, based in Rome, with a strong collaboration with the Ministry of Interiors, National Police and qualified partners coming from public institutions, private bodies, research institutions and international bodies. The objective of the Centre will be to act as a facilitator and collector of knowledge and culture in matters pertaining to Cyber Security, to support Italian and international organizations in acquiring knowledge and experience, to contribute towards the development of technical and regulatory standards for better protection of citizens, the government and private organizations.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
The authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Koblentz argues that the United States should work with other nuclear-armed states to manage threats to nuclear stability in the near term and establish processes for multilateral arms control efforts over the longer term.
Learn more about CFR’s mission and its work over the past year in the 2014 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »