Thursday PM Discussion

Paul ParboteeahLoughborough University

Summary of Papers

“National Synergy on Information Systems…”1. Lack of (formal) information sharing

agreements2. Projects fail, not because of technical issues,

but “institutional arrangements”3. Learn lessons from e-Audit data to to reduce

information gaps, and therefore reduce risk of financial instability

Summary of Papers

“Rethinking Market Regulation…”1. Reconciliation problems – inconsistent

reporting2. TARGET as an example of a public ledger

(lesson – virtue to have complete asset/liability info)

3. Quality of statistics are poor – makes it hard to identify vulnerabilities

Points for discussion - Darono

• Reporting of initiatives taking place in developing economies – learning from developed economies

• Could be beneficial to work backwards:– What information is needed to measure/predict

financial vulnerability• Public ledger should include things like land

registration information• Issue of confidentiality

Points for discussion - Lancastle

• Time frame for implementation?– Next five years?

• Unique Trade Identifier• Figure 1 and 2 – merge figures?• Commercial incentive to participate?

New Figure?

Key Themes

• How is much information is/should be publically available?

• Public ledgers as an information exchange mechanism

• Can both be database / Big Data driven projects – technology no longer an issue

• Time scales for implementation?• Information Management– Data quality, real time analysis (intelligence)