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1. Evolve or Perish: The Global Forces Changing the Business of Banks

Author:
Robert Fay and Angelo Arcelli
Publication Date:
04-2019
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
Following the 2008 financial crisis, the Group of Twenty embarked on an ambitious financial regulatory reform plan that has seen many banks worldwide make substantial progress in terms of both capitalization and governance. Over this period, banks have also become increasingly exposed to business risks from digitization, artificial intelligence and cybercrime, and major investments are necessary to manage these risks. New regulations have been introduced in the European Union to reduce these risks, but their associated costs have potentially created a lasting competitive disadvantage for European banks. This situation has raised some key questions that deserve to be discussed and investigated: How does regulation — including that outside the sector — affect banks’ ability to compete globally? What will be the impact of fintech players as well as globally active banks from China and other emerging markets? Can the Basel regulatory framework and Financial Stability Board (FSB) ensure a level playing field globally going forward, or has the regulatory pendulum swung too far? How will the supervisory approach need to be adapted to the changing structure of the global financial system? Moreover, how will the implementation of Basel reforms affect the industry? These and other questions remain about the effectiveness of the already-achieved reforms as well as their future direction. These issues were at the core of CIGI and Oliver Wyman’s fifth annual Financial Regulatory Outlook Conference, held in Rome on November 28, 2018. This conference report summarizes the key points of discussions at the conference, with a special focus on the 10 years of regulatory reform that was conducted under the auspices of the FSB and the new forces that are currently affecting banks and could have an impact on the future.
Topic:
Financial Crisis, Regulation, Europe Union, and digital culture
Political Geography:
Europe and Global Focus

2. Development: A Global South Strategy for the Data-driven Economy

Author:
Dan Ciuriak and Maria Piashkina
Publication Date:
04-2019
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
The digital transformation provides developing economies new opportunities to leapfrog industrial age infrastructure, to draw on the vast knowledge spillovers from the internet, to take advantage of new markets offered by digital platforms and to exploit production possibilities enabled by digital technologies. It also increases the distance to the technological frontier as leading-edge countries race forward, creates new competitive challenges in capturing production mandates in tasks that can be automated and poses daunting new governance challenges. Developing countries can leverage the valuable data they generate, given their population size, rapid adoption of mobile technology and digital procurement potential, to improve the bargains they strike with advanced country suppliers and platforms and in trade negotiations.
Topic:
Science and Technology, Governance, Digital Economy, and digital culture
Political Geography:
Global South

3. The Road to Digital Unfreedom: President Xi’s Surveillance State

Author:
Xiao Qiang
Publication Date:
01-2019
Content Type:
Journal Article
Journal:
Journal of Democracy
Institution:
National Endowment for Democracy
Abstract:
Since President Xi Jinping came to power in 2012, China has significantly increased controls over its already censored cyberspace—with a ruling that will allow jail terms for spreading “rumors” online, a cybersecurity law that will facilitate state control and data access, crackdowns on unauthorized VPN connections, and emphasis on the concept of “internet sovereignty.” At the same time, technological innovations in such areas as big-data analytics, artificial intelligence, and the Internet of Things are increasingly being harnessed to monitor the lives and activities of China’s 1.4 billion people. The new arsenal of the Chinese surveillance state includes mass video-surveillance projects incorporating facial-recognition technology; voice-recognition software that can identify speakers on phone calls; and a sweeping and intrusive program of DNA collection. In addition, officials are at work on a nationwide Social Credit System (SCS) intended to assess the conduct of every Chinese citizen.
Topic:
Science and Technology, Authoritarianism, Social Media, Surveillance, and digital culture
Political Geography:
China and Asia

4. Transcultural Memory and Social Media in the Context of Migration: A Case Study from South Africa

Author:
Sabine Marschall
Publication Date:
07-2019
Content Type:
Research Paper
Institution:
Ìrìnkèrindò: a Journal of African Migration
Abstract:
Theoretically rooted in memory studies (notably the concept of "transcultural memory") and methodologically based on interviews with African migrants in South Africa, this paper explores the use of social media and Internet–based communication applications in the context of migration. Results indicate that participants use digital media platforms not only to exchange personal news, but also to engage in mnemonic practices. It is argued that conjuring up memories of home and fondly remembered episodes experienced with social groups deepens the sense of belonging for migrants in a context of alienation and isolation.
Topic:
Migration, Social Media, Memory, and digital culture
Political Geography:
Africa and South Africa

5. The Digital Counter-Revolution: Why the Kremlin Pursues a Sovereign Internet?

Author:
Antonin Plattner
Publication Date:
11-2019
Content Type:
Special Report
Institution:
International Centre for Defence and Security - ICDS
Abstract:
Russia’s attempts to control and regulate the flow of online information and communication within its territory reached a new stage on 1 November 2019 after its so-called “internet sovereignty” law came into force. Designed to increase state control over what Russia’s citizens can access and do online, the law has already sparked numerous protests across Russia. Although it remains to be seen how effective the law is likely to be, it is already clear that it fits perfectly well with the regime’s survival considerations and, more importantly, with the broader geopolitical strategy of the Kremlin towards the West. This paper analyses the reasons behind the failure of Moscow’s successive strategies to enforce the central state’s absolute sovereignty online. These reasons may include: The amount of data online, the web’s decentralised routing technology and the prospective satellite-based internet which together undermine Moscow’s strategies of control through physical infrastructures. The relative reluctance of international platforms to execute the authorities’ requests for censorship which limits the global success of Moscow’s strategy of control through ownership. The determination and inventiveness of the domestic digital resistance which prevents the total success of Moscow’s legal and social coercion strategies. Secondly, this paper proposes an original insight concerning Russia’s cyberstrategy. It argues that the Kremlin’s aspiration for neo-Westphalian “internet sovereignty” ultimately depends on a radical change of the internet governance format. Moscow’s call to replace the current multi-stakeholder model with a multilateral system should be understood as an absolute prerequisite for its control over domestic communications and information. From that perspective, this paper identifies Russia-based campaigns of cyber disruption as Moscow’s attempt to actively demonstrate the merit of “internet sovereignty”, by sowing international distrust in the principle of a free and international internet, as defended by the current multi-stakeholder model of governance.
Topic:
Science and Technology, Authoritarianism, Geopolitics, Internet, Protests, Counterrevolution, and digital culture
Political Geography:
Russia and Eurasia

6. The role of consumer generated contents in the music industry: conflicts and perspectives

Author:
Hector Fouce
Publication Date:
04-2016
Content Type:
Working Paper
Institution:
Fundación Alternativas
Abstract:
Digital culture already is the present in which we live. The wounds of transition from the analogue model are being gradually left behind and a new model of culture has taken root in our societies. A model whereby users are no longer limited to consume what the media and cultural societies generate, but are now active elements in their circulation and, often, of creativity itself. Evidentently, this new model has generated disruptions and transformations, which, in the case of music, were initially dramatic. But right now the music market is taking advantage of the oportunities in the Internet, and has been growing during the last four years, with the digital market in Spain receiving in 2016 over one hundred million Euros -61% of its revenue. (Promusicae, 2017), while a new panorama is consolidating with new actors, new relationships among them and new ways of action from authors, industries, technologies and users. This work will explore the exisiting interweaving tensions, endeavoring to point out some ecommendations towards a horizon that brings together the potentialities of technologies, the fair remuneration of those whose way of life is music, and the daily practices of the listeners who make music so important .
Topic:
Mass Media, Culture, Internet, and digital culture
Political Geography:
Europe, Spain, and Western Europe

7. Fostering Pro-social Behaviour Online: „Nudges‟ in the Right Direction

Author:
Nadica Pavlovska
Publication Date:
06-2015
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies (NTS)
Abstract:
The internet penetration and the consequent creation of hyper-connected reality has exposed the Singaporean population to much more diversity of thoughts and influences. In this environment, efforts to maintain social cohesion and multicultural tolerance among the population is now even more challenging. In light of this, this paper attempts to explore the means available to maintain pro-social behaviour and build a culture of respect online. By assessing the current measures undertaken in Singapore, this paper argues that the majority of the strategies are “mind changing” such as education and awareness raising campaigns. However, by taking into account the specificity of the internet interaction, it is suggested that these strategies could be further enhanced by adopting a “context changing” approach in the online interaction by using specific behaviour influencers such as social norms, priming and messenger approach.
Topic:
Internet, digital culture, and Social Cohesion
Political Geography:
Asia and Singapore

8. Iran's New Social Media Friendly Approach

Author:
Mojtaba Barghandan
Publication Date:
06-2015
Content Type:
Journal Article
Institution:
ARI Movement
Abstract:
The Islamic Republic of Iran entered into a new era of public diplomacy following Hassan Rouhani’s victory in the June 2013 presidential election. Iran seeks both to revitalize its soft power tools and reach out to the international community through a more moderate, tolerant, and open dialogue policy. Digital diplomacy and social media have become increasingly important to this end. The author expounds on the new administration’s social-media friendly approach to fulfilling its foreign policy goals, in addition to taking stock of the soft power initiatives undertaken by international actors, and the possible obstacles for Iran in employing these same methods.
Topic:
Diplomacy, Media, Social Media, and digital culture
Political Geography:
Iran and Middle East