Uploaded August 2020 | Updated September 2026, 2 weeks ago
For a number of years, the IMA has been running a series of conferences to promote mathematics with the aim of demonstrating to both mathematicians and non-mathematicians the many uses of modern mathematics.
This summer, due to Covid19, IMA Mathematics 2020 was transformed into a series of online events. Jane Hutton from University of Warwick presented the second talk for Week Two of the IMA Mathematics 2020 Online Series. Her talk was on Maths & Stats for Effective Regulation.
Abstract
“We want to find treatments for diseases, which work with minimal side effects. Regulation of medicines and medical devices has detailed requirements, which can be challenging when, as with Covid-19, we want almost immediate results. In contrast, there is limited regulation on data quality, software and algorithms in the financial sector. Both professionals and regulators have considerable freedom, as seen in the FCA’s investigation of the controversial Royal Bank of Scotland’s GRG unit which dealt with small businesses, many of which were ruined.
This talk will outline how standards of regulation in the medical and financial sectors will be discussed in a workshop in November 2020 developed in partnership with the Newton Gateway to Mathematics and the Royal Statistical Society.”
The IMA Mathematics 2020 Online Series has been organised in collaboration with the Newton Gateway to Mathematics.
For a number of years, the IMA has been running a series of conferences to promote mathematics with the aim of demonstrating to both mathematicians and non-mathematicians the many uses of modern mathematics.
This summer, due to Covid19, IMA Mathematics 2020 was transformed into a series of online events. Jane Hutton from University of Warwick presented the second talk for Week Two of the IMA Mathematics 2020 Online Series. Her talk was on Maths & Stats for Effective Regulation.
Abstract
“We want to find treatments for diseases, which work with minimal side effects. Regulation of medicines and medical devices has detailed requirements, which can be challenging when, as with Covid-19, we want almost immediate results. In contrast, there is limited regulation on data quality, software and algorithms in the financial sector. Both professionals and regulators have considerable freedom, as seen in the FCA’s investigation of the controversial Royal Bank of Scotland’s GRG unit which dealt with small businesses, many of which were ruined.
This talk will outline how standards of regulation in the medical and financial sectors will be discussed in a workshop in November 2020 developed in partnership with the Newton Gateway to Mathematics and the Royal Statistical Society.”
The IMA Mathematics 2020 Online Series has been organised in collaboration with the Newton Gateway to Mathematics.
