Digital Infrastructure

Other Report

A New Information Infrastructure for Financial Markets

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.

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Primary Sources

Memorandum of Understanding Between with U.S. Department of Commerce and Internet Corporation for Assigned Names and Numbers

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.

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Cybersecurity: A Critical Infrastructure Challenge and the Need for Global Cooperation

Speaker: Massimo Sarmi
Presider: Stephen Flynn

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.

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Big Data, Big Potential

Speaker: Kalev Leetaru
Presider: Vivian Schiller

Kalev Leetaru, 20132014 Yahoo! fellow in residence at Georgetown University, joins Media Executive Vivian Schiller to discuss big data and its uses in policymaking, education, and beyond.

See more in Global; Digital Infrastructure