Information Systems and the Financial Crisis: Is technology to blame?

The 11th Social Study of ICT workshop (SSIT11) at LSE

28 March 2011

Programme

The Information Systems and Innovation Group will host its eleventh annual Social Study of ICT (SSIT11) workshop on 28 March 2011.

In various reports and newspaper articles – however only sporadically in academic publications – questions have been raised regarding the relationship between ICT and the 2007-2009 financial crisis. The expansion of electronic delivery channels for financial products and services as a consequence of the overbanking of the wealthier societies, the accelerating dependence of public finances from the operations of international computer supported financial networks, the growing importance of derivatives-valuation models for investment and hedging, the exponential growth of the trading of complex financial instruments in globally interlinked exchanges, the use of electronic platforms for over-the-counter trading, the digitization of clearing, settlement and custody services, are among the developments which have revolutionized the technological landscapes of finance. These developments of the last thirty years have created not only advantages; they have also exposed the financial system to technological and managerial risks on top of the main financial risks.

This year’s SSIT workshop has invited leading academics and practitioners to open the discussion on the way information systems development has coped with the continuous innovation in the financial sector in the past decade; the resulting information infrastructures; and the pressures for new enterprise architectures and IS development practice at the aftermath of the crisis.

In this one-day conference, organized by the Information Systems and Innovation Group of the Department of Management, information system scholars, social scientists and CIOs from commercial and central banks, will present their views and lead a discussion on this topic.


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Speakers include:

• M. Lynne Markus, Professor of Information and Process Management at Bentley University, USA

• Elena Esposito, Professor of Sociology of Communication at the University of Modena-Reggio Emilia, Italy

• Stephen Norman, CIO, RBS,

• Magí Clavé, Directorate of Information Systems, ECB

here is no charge for attending the workshop and refreshments will be provided. If you have any questions or comments, please email Imran Iqbal, Group Manager.

The event is free, but is restricted to 130 participants. All attendees must register 21 March 2011. To secure a place please download an application form

• Form as word document for completion online and return by email
• Form as acrobat pdf document for printing and return by fax or mail

Please note that public events organised by ISIG are normally videoed and streamed from our website. If you do not wish to appear in the video please inform the camera operator before the start of the session and seat yourself where you will not be inadvertently be in the field of view of the camera. If you do not inform us of your wish not to be recorded we will presume your consent to being included in the video.

The seventh SSIT Open Research Forum will be held on 29 and 30 March at LSE immediately after SSIT11.

page last updated 14 February, 2011

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