Cisco White Paper on Role for I.T. in G-20 Recovery Plans
Cisco has published a white paper highlighting an important item that was left off the agenda at London’s recent G-20 summit.The two-day Leaders’ Summit on Financial Markets and the World Economy examined ways to revive the global economy, improve regulation in the financial sector and reform finance institutions. But nowhere in the several hundred pages of major publicly-available reports prepared for the summit was a mention of the role technology could play, according to a paper from Cisco titled, Using Technology to Enable and Accelerate G-20 Plans to Improve Global Financial Regulation and Supervision. (.pdf document)The white paper argues that technology tools such as TelePresence and data collection networks could be important enablers of the international collaboration efforts needed to bring about the reforms being demanded of the financial services sector. “Several reports suggest the need for more resources or new skills but there is no discussion of the challenge of delivering the greater international collaboration which is at the heart of so many of the proposals,” says the paper’s author, Internet Business Solutions Group director Angus Hislop. The white paper builds on Cisco’s extensive experience of providing technology for the financial services sector and public sectors.