Improving risk management in the telecommunications sector

LIST recently started a new two-year project related to the creation of a national platform enabling providers of public communication services to manage the security risks of their networks and services, as required by the Act of 27 February 2011 on networks and electronic communication services.

On this project, named RegTech4ILR (which stands for "Regulatory Technologies for the Luxembourg Regulatory Institute"), LIST and the Institut Luxembourgeois de Régulation (ILR), the national regulatory authority for the telecommunications sector in Luxembourg, join forces, with the financial backing of the National Research Fund (FNR).

A consolidated partnership

Together, LIST and the ILR will create an advanced risk management platform which overcomes the limitations highlighted by their previous joint project. Indeed, RegTech4ILR is not the first collaboration between these two partners.

In the past, they developed an approach and a tool designed to support the adoption of this regulation by providers of telecommunications services at the national level, and also a tool for processing and analysing the data received by the regulatory authority from regulated organisations. Towards better governance

Towards better governance

The upgrades that LIST and the ILR will deliver by the end of 2019 concern a risk management process that draws on improved support models, results consolidated at the whole-ecosystem level, and enhanced data analysis capabilities.With this project, LIST's researchers specialised in the application and development of risk management methods and tools hope to make it easier for the ILR to govern regulations.

These efforts will directly benefit the national regulatory authority as well as end users thanks to increased security and quality of service. Lastly, these efforts and upgrades will benefit operators by improving the knowledge tools and databases they already use and by providing better feedback following each exercise.

>> For more information on RegTech4ILR, visit the dedicated page