The Center for Technology in Government (CTG) at the University at Albany and the Institute for Financial Market Regulation (IFMR), a joint program between UAlbany and Albany Law School, convened an expert workshop focused on information sharing and coordination challenges in financial market regulation. Albany Law Professor Christine Chung serves as co-director of the IFMR.
The workshop, funded by the National Science Foundation (NSF), took place in Washington, D.C., on Nov. 14, bringing together experts from financial services firms, regulatory agencies and academia to outline a research agenda focused on this critical issue.
“Issues around technology, data, surveillance and investments all intersect with issues of law,” said Penelope Andrews, president and dean of the Albany Law School. “There are complex legal ramifications with this new age of data; consumers, investors, and attorneys all face a new world. Gathering experts at a conference like this to explore the issues is critical and inevitably triggers ideas, relationships, and action.”
Through a set of plenary remarks and panels as well as several small and large group discussions, participants addressed two primary questions:
How technology and the organizational dynamics of financial market operations and regulation interact with each other and how such interactions affect information sharing and coordination in related business processes, risk management, and internal and external supervision and control?
What issues related to our abilities to manage, model, store, transmit, and validate information on financial market operations need to be addressed to increase market stability?
The workshop was also highlighted by the Obama Administration as a high-impact collaboration promoting Data to Knowledge to Action for growing the economy.
The mission of the Center for Technology in Government at the University at Albany is to foster public sector innovation, enhance capability, generate public value, and support good governance. This mission is carried out through applied research, knowledge sharing, and collaboration at the intersection of policy, management, and technology.
The Institute for Financial Market Regulation (IFMR) is a cooperative project of professionals in financial market regulation with faculty and students from the University at Albany and Albany Law School. The shared goal is to develop interdisciplinary research and education in financial market regulation. The Institute connects the scholarship of academic researchers with the knowledge and experience of professionals in financial market regulation to understand current issues facing the field.