The Role of Licence-Exemption in Spectrum Reform

Spectrum reform initiatives in the US and Europe have identified a need to move away from the traditional command and control approach towards flexible and tradable licences and licence-exemption. Current regulatory initiatives are tending to focus on the flexible licensing route, and there is a risk that licence-exemption will be sidelined during the important formative years of this major policy transition. This must not happen; licence-exemption supports innovation and entrepreneurship and is an important second leg of a market-based spectrum management regime. A current case in point is the transition in UHF frequency bands from analogue to digital TV, where licence exempt use of resulting gaps in the spectrum could yield enormous benefits for citizens and consumers.spectrum policy, spectrum management, wireless services, deregulation, Telecommunications, regulation, Networks

Towards Financial Cloud Framework - Modelling and Benchmarking of Financial Assets in Public and Private Clouds

Literature identifies two problems in clouds: (i) there are few financial clouds and (ii) portability of financial modelling from desktop to cloud is challenging. To address these two problems, we propose the Financial Cloud Framework (FCF), which contains business models, forecasting, sustainability, modelling, simulation and benchmarking of financial assets. We select Monte Carlo Methods for pricing and Black Scholes Model for risk analysis. Our objective is to demonstrate portability, speed, accuracy and reliability of financial models in the clouds, and present how modelling, simulation and benchmarking fit into FCF. Experiments and benchmark are performed in public and private clouds, where portability, speed, accuracy and reliability from desktop to clouds are successfully demonstrated