2012 Davos - The Great Transformation: Shaping New Models

When I saw that the 2012 Davos get together was going to focus on "The Great Transformation: Shaping New Models" presumably to replace the old models that have failed throughout the financial crisis, it naturally caught my attention as both the blueprint for saving the financial system and the FDR Framework on which it is based are transformative new models.

In looking through the 2012 Davos program, I noticed a number of topics that are relevant to the blueprint and the FDR Framework that this blog has discussed extensively.  These topics include

The Future of Economics
What major changes in theory and in practice are driving the rehabilitation of economics?
Dimensions to be addressed:
- The policy and forecasting failures of the past 20 years
- The influence of behavioural and cognitive science
- The impact of the Internet

Will this session address the Queen's Question of how come the economics profession missed the financial crisis and/or the Wall Street Journal's question of what value is economic research?  Will it take up your humble blogger's modest proposal that the three critical assumptions underlying each economic paper must be disclosed up front with a warning statement that if the critical assumptions are not correct then following any recommendation in the paper could be hazardous to the economy?

Big Banks: Cure or Curse for the Global Economy?
From compensation to credit, the fault line between the banking industry and the rest of society continues to widen. Are the world's biggest banks a greater problem than solution to the global recovery?

Will this session discuss lobbying and how Wall Street's Opacity Protection Team has preserved opacity in the financial system that is preventing both the global economy and the financial system from recovering?

Building Trust
When addressing complex, long-term challenges, what effective means best build the trust and
support of key stakeholders?
Dimensions to be addressed:
- Promoting transparency
- Shifting from rules-based to principles-based behaviour
- Moving beyond traditional metrics 

Will this session identify that the foundation for trust in the financial system is disclosure of all the useful, relevant information in an appropriate, timely manner so that market participants can independently assess the risk of an investment?  Will the session conclude that there is a need for ultra transparency in all the opaque corners of the global financial system including banks and structured finance securities?

Corruption and Transparency
What new and effective models can improve transparency and reduce corruption?
Dimensions to be addressed:
- Levelling the playing field
- Monitoring and rewarding tangible results
- Scaling successful partnership models

Will this session adopt ultra transparency as the only way to monitor and reward positive behavior and results in the financial system?

From Data to Decisions
How are new approaches to data intelligence transforming decision-making?
Dimensions to be addressed:
- Redesigning the operational context of organizations
- Navigating a sea of data
- Getting from data to decisions

Will this session present how the "Mother of all financial databases" could be used by all market participants?

Remodelling Capitalism
As the Occupy protests that have spread around the world demonstrate, there is growing frustration with capitalism's failure to benefit the many, rather than just a few. Some argue that capitalism as it stands is an unsustainable system that puts huge strain on the environment and prompts crises that profoundly damage our societies.
- Can capitalism be fixed?
- How can the hopes and expectations of the 99% be fulfilled?
- Where are our priorities when governments bail out banks but leave citizens to struggle?

Will this session focus on the blueprint for saving the financial system?

Shaping new models with technology pioneers
How are disruptive technologies impacting industry and benefitting society?

Will this session feature the "Mother of all Financial Databases" as an example of a disruptive technology that would benefit society?

Beyond Basel: Financial Institution Regulation
In pursuing financing growth while maintaining stability, what regulatory models are the most
effective for financial institutions operating globally?
Dimensions to be addressed:
- Tradeoff between tightening regulation and global growth
- Understanding the impact of Basel III on business models
- Ensuring a level playing field

Will the regulatory model that emerges as the most effective for financial institutions operating globally be based on ultra transparency and the idea of supporting the regulators with both the analytical capability of the market and market discipline?