scholarly journals The Role of EU State Aid Law as a “Risk Management Tool” in the COVID-19 Crisis

2020 ◽  
pp. 1-20
Author(s):  
Delia FERRI
Keyword(s):  
Risk Management ◽  
Crisis Management ◽  
Health Risks ◽  
State Aid ◽  
Healthcare Sector ◽  
Management Tool ◽  
The Core ◽  
State Aid Control ◽  
National Economies

This article discusses the role of European Union (EU) State aid law in the COVID-19 crisis. It contends that different Treaty derogations have played unique roles in addressing the core determinants of the economic risk linked to the pandemic (ie the “exposure” to lockdown measures and the “vulnerability” of certain sectors to them), and in increasing the resilience of national economies. Moreover, this article examines the extent to which EU State aid law has been used to manage and mitigate health risks, by allowing Member States to enhance the preparedness and capacity of their healthcare sector (broadly conceived) to respond to the pandemic. On the whole, this article maintains that State aid control has been used by the European Commission as an important “risk management tool”, and it highlights the role of the Commission as the crisis management authority.

Support of Small and Medium-Sized Enterprises under European State Aid Law

2017 ◽  
Author(s):  
Ilan Sherr ◽  
Katrien Miclotte ◽  
Rebecca Fawcett-Feuillette
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Job Creation ◽  
State Aid ◽  
Market Failures ◽  
The European Union ◽  
The Core ◽  
Economic Development Strategy ◽  
New Guidelines ◽  
State Aid Control

Small and medium-sized enterprises (SMEs) play a crucial role in the economic development strategy of the European Union. However, while SMEs are important for job creation and economic development, the Commission has highlighted that they often encounter problems accessing finance and necessary information. In order to address certain market failures which impact SMEs most significantly, SMEs now have a favoured status under the state aid rules. The most important and recent changes are a consequence of the Commission’s state aid modernization (SAM) reform package. As part of the SAM package, the Commission has adopted ten guidelines and five regulations to render existing state aid control instruments and procedures more efficient. This chapter gives a brief but practical overview of those new guidelines and regulations and highlights the core principles that need to be taken into account when assessing aid possibilities for SMEs.

scholarly journals The role of subsidies in managing the operating risk of agricultural enterprises

2009 ◽  
Vol 55 (No. 4) ◽  
pp. 169-180 ◽  
Author(s):  
J. Špička ◽  
J. Boudný ◽  
B. Janotová
Keyword(s):  
Risk Management ◽  
Crop Yields ◽  
Sample Survey ◽  
Cow Milk ◽  
Management Tool ◽  
Farm Income ◽  
Management Tools ◽  
Operating Risk ◽  
Livestock Productivity

The paper examines the relationship between the farmers’ operating risk and current subsidies. Focused at the commodity level, the analysis is based on a sample survey of costs and yields of two crops (winter wheat and rapeseed) and two livestock commodities (cow milk and fattening cattle) carried out in 2005–2007 in the Czech Republic. The risk analysis relates to the growing conditions, crop yields and the livestock productivity. The future role of the subsidies as the risk management tool in the farming business, as well as the position of this instrument against the other risk management instruments is analysed. The break even analysis and the Monte Carlo simulation are used as analytical tools. The results indicate that the current subsidies have an impact on the stability of the farmers’ income. Partially or fully decoupled payments serve as a “financial pillow” increasing the level of the farmers’ income and extending the farmers’ decision-making possibilities. Furthermore, the current subsidies reduce the variability of the farmers’ income. The current subsidies are a suitable complement to other commonly used risk management tools primarily designed to reduce the farmers’ and farm income variability.

scholarly journals The place and role of insurance in shaping a “greenˮ economy

2021 ◽  
pp. 147-154
Author(s):  
M. N. Stepanova
Keyword(s):  
Risk Management ◽  
Functional Approach ◽  
Green Economy ◽  
Management Tool ◽  
Scientific Concept ◽  
Important Conclusion ◽  
Relevant Concept ◽  
Constituent Element ◽  
Scope Of Application

The paper implements an institutional and functional approach to determining the place and role of insurance in shaping a “green” economy. The ways of integrating it as a constituent element of the financial system have been considered. The views of scientists involved in various aspects of modelling the “green” economy on the functional utility of insurance have been summarised. The use of the term “green insurance” and the meanings it implies have been analysed. The author has concluded that the relevant concept of “green insurance” is not yet so unambiguous that it can be used as a scientific concept. Another important conclusion that has been brought up for discussion is that the potential of insurance as a risk management tool within the green economy strategy is not to be confined to environmental insurance, but should be considered in expanding its scope of application to include both the fuller coverage of risk carriers and the range of potential hazards. 

15 The Operation of the Single Resolution Mechanism in the Context of the EU State Aid Regime

2016 ◽  
Author(s):  
Kokkoris Ioannis ◽  
Olivares-Caminal Rodrigo
Keyword(s):  
Crisis Management ◽  
Financial Stability ◽  
Banking Sector ◽  
Critical Appraisal ◽  
State Aid ◽  
Management Tool ◽  
Banking Union ◽  
The European Union ◽  
Single Resolution Mechanism ◽  
The Eu

This chapter addresses the initiatives of the European Commission to maintain the financial stability of the banking sector. It analyses the regulatory reforms on bank recovery and resolution introduced by the EU aimed at creating a Banking Union, and provides an overview of the Bank Recovery and Resolution Directive (BRRD) by taking into account the crisis management tool innovations. It also offers a critical appraisal of the Single Resolution Mechanism (SRM). The initiatives examined here are envisaged in a two-pronged approach: through the uniform rules of the Banking Union and in a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism (SRM) and a Single Resolution Fund (SRF) on one hand, and its interrelation with the state aid rules of the Treaty for the Functioning of the European Union (TFEU) on the other.

scholarly journals Public health leadership in the times of COVID-19: a comparative case study of three countries

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jeffrey Glenn ◽  
Claire Chaumont ◽  
Pablo Villalobos Dintrans
Keyword(s):  
Public Health ◽  
Crisis Management ◽  
Active Role ◽  
The United States ◽  
Content Type ◽  
Public Leadership ◽  
The Core ◽  
Public Leaders ◽  
The Way

PurposeThe purpose is to understand the role of public leadership during the COVID-19 pandemic and advocate for a more active role of public health professionals in helping manage the crisis.Design/methodology/approachThe authors use the framework developed by Boin et al. (2005) on crisis leadership. The authors focus on three of the core tasks – sense-making, decision-making and meaning-making – that are relevant to explain the role of public leaders during the ongoing crisis. The authors draw from the experience of three countries – Chile, France and the United States – to illustrate how these tasks were exercised with concrete examples.FindingsSeveral examples of the way in which public leaders reacted to the crisis are found in the selected countries. Countries show different responses to the way they assessed and reacted to the COVID-19 as a crisis, the decisions taken to prevent infections and mitigate consequences, and the way they communicate information to the population.Practical implicationsA better understanding public leadership as a key for better crisis management, particularly for designing policy responses to public health crises. Public health leaders need to assume a more active role in the crisis management process, which also implies the emergence of a new class of public health leaders and a more prominent role for public health in the public eye.Originality/valueThe use of examples from three different countries, as well as the focus on the core leadership tasks during an ongoing crisis help not only assessing the crisis management but also extracting lessons for the coming months, as well as future public health emergencies. The three authors have a first-hand experience on the evolution of the crisis in their countries and the environment, since they are currently living and working in public health in Chile, France and the United States.

scholarly journals The Duties of an NGO Security Advisor

2019 ◽  
Vol 1 (2) ◽  
pp. 32-37
Author(s):  
Emmanuelle Strub
Keyword(s):  
Risk Management ◽  
Crisis Management ◽  
Crucial Role ◽  
Security Management ◽  
Duty Of Care ◽  
Management Tools ◽  
Risk Management Methodology

Abstract A security advisor for Médecins du Monde France between 2012 and 2016, Emmanuelle Strub recalls her experience and some of the major shifts in risk management in the NGO sector in recent years. In particular, at a time of global normalisation of the aid sector, she describes her own efforts to streamline security management in her organisation: empowering field teams and, in particular, heads of mission, emphasising the crucial role of obtaining consent from the various stakeholders in the countries of intervention, and developing security trainings, crisis-management tools and a risk-management methodology. Yet, she warns, the trend today, with the advent of the duty-of-care concept, is to shift the use of risk management from enabling operations and facilitating access to populations to protecting the organisation from legal or reputational risks.

scholarly journals Role of Process Models in Safety Management

2010 ◽  
Vol 18 (28) ◽  
pp. 131-139
Author(s):  
Miroslav Rusko ◽  
Dana Procházková
Keyword(s):  
Risk Management ◽  
Crisis Management ◽  
Professional Practice ◽  
Process Model ◽  
Safety Management ◽  
Daily Practice ◽  
Process Models ◽  
Management Model ◽  
Management Support

Role of Process Models in Safety Management Management is a type of human activity that establishes and ensures the system functions. The process models and project models are currently used for management support. Main aim of the process model is to describe the possible development tendencies as a consequence of certain phenomenon and to define functions and role of functions. The process models enable to compile procedures and scenarios for the situations that have similar features. They are suitable for planning, response and renovation. In this paper, we present the risk management model used at present in professional practice, two simple models from daily practice and the evaluation of process models for crisis management.

scholarly journals Pension Funds ’ Investment Position in the Second Decade of XXI Century

2019 ◽  
pp. 57-64
Author(s):  
E. V. Emelianov
Keyword(s):  
Risk Management ◽  
Comparative Analysis ◽  
Gross Domestic Product ◽  
Pension Fund ◽  
Pension Funds ◽  
Pension Systems ◽  
Investment Opportunities ◽  
Fund Investment ◽  
National Economies

The article explores investment position of pension funds which become important actors in the national economies and world investment flows; with comparative analysis of the pension funds based in different countries with different models of pension systems and investment regulatory practices. The role of pension funds as investors is based on accumulating growing funding which become nearly half of total OECD gross domestic product. The assets of pension funds in the second decade of the century are concentrated in US, United Kingdom, Canada, with pension funds in other countries less than 5% for each country. But assets of pension funds based in some other countries show significant growth. The article focuses on the pension funds’ assets structure and compares those in different countries. The perspectives of investment pension assets in the national economies and abroad will depend among other factors on the regulation of pension funds and their investments. Focusing on ensuring better access to different investment opportunities in the domestic market and abroad should go hand in hand with raising standards of risk management in pension fund investment.

scholarly journals Crisis consultations as a component of political management

2018 ◽  
Vol 21 (7) ◽  
pp. 24-30
Author(s):  
S. V. Stavchenko
Keyword(s):  
Risk Management ◽  
Crisis Management ◽  
Strategy Development ◽  
Maximum Increase ◽  
Crisis Prevention ◽  
Political Management ◽  
Definition Of

It is determined that crisis consultations represent a set of measures aimed at stabilizing the situation of a particular subject, solving a set of problems associated with the maximum increase in the efficiency of the activity. The following types of crisis consultations are singled out: direct consultations of managers; implementation of advisory activities (consultations on emerging problems, diagnosis of the organization, definition of a crisis strategy, development of a plan of measures for crisis prevention, risk assessment and follow-up of its implementation, support of the organization during the implementation of the plan for crisis prevention, development of preventive measures in relation to avoidance of crisis phenomena); crisis reflexive games (training of managers and staff); case study review; use of benchmarking methods. The role of crisis analysis in conducting crisis consultations has been determined. It was emphasized that crisis analysis enables to prevent and plan possible crisis situations, ways of their neutralization and overcoming with minimal expenses for the organization. The role functions of crisis advisers are determined. The stages of crisis management (according to R. Heath) are revealed: prevention – prevention of crisis risks, analysis of losses for business; readiness – awareness of the probability of crises, staff training; salvation – drawing up plans, preventing consequences; recovery – recovery of effective production, assessment of the crisis. The types of crisis management are distinguished: preventive, aimed at analyzing the indicators of the crisis and identifying its causes and factors for timely prevention or minimization of possible crisis processes; an anticipatory, the essence of which is to develop goals and objectives for leadership in order to prevent crisis phenomena. A demarcation of crisis management and risk management has been conducted: if crisis management is primarily a process of responding to already existing serious threats to one or another organization or to events that have already occurred, risk management is associated with the process of identifying certain risks mainly for future activities organization, as well as the appropriate acceptance of these risks or their elimination.

scholarly journals ECONOMIC RISK MANAGEMENT IN THE FIELD OF TRANSPORT SERVICES

2017 ◽  
Vol 5 (2) ◽  
pp. 269-279
Author(s):  
Алексей Барчуков ◽  
Alyeksyey Barchukov ◽  
Ирина Фещенко ◽  
Irina Feschenko ◽  
Александр Симоненко ◽  
...  
Keyword(s):  
Risk Management ◽  
Crisis Management ◽  
System Approach ◽  
Economic Risk ◽  
Management Mechanism ◽  
Transport Services

The article proposed anti-crisis management mechanism, involving the introduction of «Protection» component (protection) which will play a role of a central key element in marketing mix model 8Р, and also validated a system approach that intended a fusion of indication of total economic risk into balanced score card, that will permit optimize the process of anti-crisis management under action conditions of external and internal threats.

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