scholarly journals Why does the United Kingdom (UK) have inconsistent preferences on financial regulation? The case of banking and capital markets

2017 ◽  
Vol 39 (1) ◽  
pp. 177-200 ◽  
Author(s):  
Scott James ◽  
Lucia Quaglia
Keyword(s):  
United Kingdom ◽  
Capital Markets ◽  
Financial Stability ◽  
Financial Regulation ◽  
Political Process ◽  
Political Support ◽  
The Political ◽  
Economic Interests ◽  
The United Kingdom ◽  
Regulatory Institutions

AbstractWhat explains national preferences concerning international and regional financial regulation? This article focusses on one of the main financial jurisdictions worldwide, the United Kingdom (UK). It is puzzling that since the crisis this jurisdiction has pursued stringent harmonised regulation in certain areas (banking), but not others (capital markets). We explain this in terms of how the demands of powerful economic interests are mediated by the political process and regulatory institutions. In banking, there was strong political pressure to restore financial stability, and regulatory institutions were significantly strengthened. This enabled UK regulators to resist industry lobbying and pursue more stringent harmonised rules at the international and European Union levels (“trading up”). In the case of capital markets, by contrast, UK regulators lacked political support for tougher regulation and were institutionally much weaker. As a result, the industry was far more effective in shaping UK preferences aimed at protecting the sector’s competitiveness (“trading down”).

: The Analysis of British Political Institutions

2003 ◽  
Author(s):  
Geoffrey Marshall
Keyword(s):  
Twentieth Century ◽  
United Kingdom ◽  
Political Institutions ◽  
Political Process ◽  
The Political ◽  
The United Kingdom ◽  
Public Inquiry ◽  
Comparative Government ◽  
The Government

The analysis of British political institutions in the twentieth century has not emerged solely from the writing of textbooks by political scientists. The genesis of general thinking about the government of the United Kingdom is to a lesser degree the product of professional reflection than is the development of theories about comparative government. It evolves more directly from the political process itself and from the controversies about government that government itself generates. This chapter discusses the powers of Parliament, the nature of cabinet government, the accountability of ministers, the dignified institutions, the re-modelling of Dicey’s institution, political institutions and public inquiry, and theory and analysis in political institutions.

Regulation and Regime: A Comparative Analysis

1986 ◽  
Vol 6 (1) ◽  
pp. 49-71 ◽  
Author(s):  
Stephen L. Elkin
Keyword(s):  
United Kingdom ◽  
Comparative Analysis ◽  
Institutional Arrangements ◽  
The Political ◽  
Political Structure ◽  
The United Kingdom ◽  
Political Perspective ◽  
Regulatory Institutions ◽  
American Case ◽  
Organizing Principles

AbstractTwo frameworks for understanding the debate on regulation are discussed. In the first, an economizing perspective, various institutional arrangements are seen as instruments and the question posed is which is the most efficient in achieving public objectives. The second, a political perspective, begins from economizers' lack of interest in the basic organizing principles of the political structure within which the choice of regulatory arrangements occurs. Conceptions of such principles in the American case are considered and the implications of each for the choice of regulatory institutions are addressed. A parallel discussion is undertaken for the United Kingdom. The paper concludes by noting, among other things, that from a political perspective, an extensive regulatory sector looks more attractive than it does from an economizing perspective.

Institutions and Political Support

2017 ◽  
Author(s):  
Shaun Bowler
Keyword(s):  
Political Institutions ◽  
Political Process ◽  
Institutional Reform ◽  
Institutional Arrangements ◽  
Individual Characteristics ◽  
Political Support ◽  
The Political ◽  
General Expectation ◽  
Using Data

This chapter analyzes to what extent variation in political institutions affects political support. The chapter observes that the existing research is not always clear on which institutions should produce what kind of effect, although a general expectation is that institutional arrangements improve political support when they give citizens an increased sense of connection to the political process. In general then, we should expect institutions that strengthen the quality of representation to strengthen political support. This general expectation is specified in six hypotheses that are tested using data from the ESS 2012. The chapter demonstrates that electoral systems that provide voters with more choice about candidates, multiparty governments, and “responsive” legislatures, correlate positively with political support. However, compared to other macro-level factors and individual characteristics, the effects of political institutions on political support are modest. The chapter concludes that the prospects for institutional reform to strengthen political support are limited.

scholarly journals Are public service media distinctive from the market? Interpreting the political information environments of BBC and commercial news in the United Kingdom

2021 ◽  
pp. 026732312110121
Author(s):  
Stephen Cushion
Keyword(s):  
United Kingdom ◽  
Public Service ◽  
Television News ◽  
Information Environment ◽  
Political Information ◽  
The Political ◽  
The United Kingdom ◽  
Wide Range ◽  
International Issues ◽  
Market Driven

Public service media face an existential crisis. Many governments are cutting their budgets, while questioning the role and value of public service broadcasting because many citizens now have access to a wide range of media. This raises the question – do public service media supply a distinctive and informative news service compared to market-led media? Drawing on the concept of political information environment, this study makes an intervention into debates by carrying out a comparative content analysis of news produced by UK public service broadcasters and market-driven media across television, radio and online outlets (N = 1065) and interviewing senior editors about the routine selection of news. It found that almost all BBC news and commercial public service media platforms reported more news about politics, public affairs and international issues than entirely market-driven outlets. Online BBC news reported more informative topics than market-based media, which featured more entertainment and celebrity stories. The value of public service media was demonstrated on the United Kingdom’s nightly television news bulletins, which shone a light on the world not often reported, especially BBC News at Ten. Most market-driven media reported through a UK prism, excluding many countries and international issues. Overall, it is argued that the influence of public service media in the United Kingdom helps shape an information environment with informative news. The focus of the study is on UK media, but the conceptual application of intepreting a political information environment is designed to be relevant for scholars internationally. While communication studies have sought to advance more cross-national studies in recent years, this can limit how relevant studies are for debates in national political information environments. This study concludes by recommending more scholarly attention should be paid to theorising national policy dynamics that shape the political information environments of media systems within nations.

scholarly journals What does it Mean to be a Man? Trans Masculinities, Bodily Practices, and Reflexive Embodiment

2021 ◽  
pp. 1097184X2110085
Author(s):  
Sofia Aboim ◽  
Pedro Vasconcelos
Keyword(s):  
United Kingdom ◽  
Hegemonic Masculinity ◽  
The Body ◽  
The Political ◽  
The United Kingdom ◽  
Reflexive Practice ◽  
Bodily Experiences ◽  
To Come

Confronted with the centrality of the body for trans-masculine individuals interviewed in the United Kingdom and Portugal, we explore how bodily-reflexive practices are central for doing masculinity. Following Connell’s early insight that bodies needed to come back to the political and sociological agendas, we propose that bodily-reflexive practice is a concept suited to account for the production of trans-masculinities. Although multiple, the journeys of trans-masculine individuals demonstrate how bodily experiences shape and redefine masculinities in ways that illuminate the nexus between bodies, embodiments, and discursive enactments of masculinity. Rather than oppositions between bodily conformity to and transgression of the norms of hegemonic masculinity, often encountered in idealizations of the medicalized transsexual against the genderqueer rebel, lived bodily experiences shape masculinities beyond linear oppositions. Tensions between natural and technological, material and discursive, or feminine and masculine were keys for understanding trans-masculine narratives about the body, embodiment, and identity.

scholarly journals Chasing the green buck? Environmental activism in post-communist Baltic States

2016 ◽  
Vol 49 (3) ◽  
pp. 243-254 ◽  
Author(s):  
Timofey Agarin ◽  
Miķelis Grīviņš
Keyword(s):  
Political Process ◽  
Past Research ◽  
The Political ◽  
Economic Interests ◽  
Economic Resource ◽  
International Networks ◽  
The Core ◽  
The Past ◽  
National Environment ◽  
Collapse Of Communism

The paper investigates the dynamics and volution of issues on the agenda of Baltic environmental non-governmental organisations (NGOs) since the collapse of communism. The past research on Baltic environment activism suggests that these enjoy high visibility because they tapped the core societal views of natural environment as a crucial asset of a nation. As we demonstrate in this paper, the changes in agendas of Baltic environmental non-governmental organisations (ENGOs) make clear that the rhetorical toolbox of ‘national environment’ is often used to mainly achieve greater financial gains for individual members, rather than for society at large. We illustrate how the dearth of economic opportunities for domestic public has impacted perceptions of ‘nature’ advocated by the environmental activists, focussing specifically on national perceptions of ownership and the resulting actions appropriating ‘nature’ as a source for economic development, only tangentially attaining environmental outcomes on the way. The vision that the ‘environment’ is an economic resource allowed ENGO activists to cooperate with the domestic policymaking, while tapping international networks and donors for funding. Throughout the past decades they worked to secure their own and their members’ particularistic economic interests and, as we demonstrate, remained disengaged from the political process and failed to develop broader reproach with publics.

scholarly journals The Application of the Constitutional Convention in Malaysia

2020 ◽  
Vol 13 (2) ◽  
pp. 155
Author(s):  
Nazri Muslim ◽  
Osman Md Rasip ◽  
Khairul Hamimah Mohammad Jodi ◽  
Abdullah Ibrahim ◽  
Otong Rosadi
Keyword(s):  
United Kingdom ◽  
Social Contract ◽  
Prime Minister ◽  
Collective Responsibility ◽  
The Political ◽  
Political Ethics ◽  
Constitutional Convention ◽  
The United Kingdom ◽  
Federal Constitution ◽  
The Social

In Malaysia, there is no one institution that can outdo the supremacy of the Federal Constitution. Even the three government bodies that refer to the power separation doctrine which is the legislative, judiciary and executive bodies even the Yang di-Pertuan Agong are under this Federal Constitution. The constitution can be divided into two, written and non-written constitution. The written constitution is the form of constitution that is gathered and arranged in one document. The non-written counterpart encompasses all of the constitutional principles not compiled in one document such as the law endorsed by the Parliament and the verdicts of the court such as in the United Kingdom. Other than the constitution, there are certain practices that are thought to be part of the principles of the constitution. This is known as the Constitutional Convention or the customary practice of the Constitution. Constitutional convention is a non-legislative practice and it is similar to the political ethics and not enforced in court. Although it seems trivial, it is important for this practice to be complied with, otherwise it is difficult for the constitution to work successfully as the constitutional convention cannot be brought to court and forced to be obeyed. Thus, the discussion of this article rests on the constitutional convention in terms of the social contract, the appointment of the Prime Minister, the appointment of the country’s main positions and collective responsibility.

Why is Secession Difficult in Well-Established Democracies? Lessons from Quebec

1996 ◽  
Vol 26 (2) ◽  
pp. 269-283 ◽  
Author(s):  
Stéphane Dion
Keyword(s):  
United Kingdom ◽  
Single Case ◽  
Magic Number ◽  
The Political ◽  
Central Authority ◽  
The United Kingdom ◽  
Universal Suffrage ◽  
Established Democracies

Secession, defined as ‘formal withdrawal from a central authority by a member unit’, has been particularly rare in democracies. In fact, there has never been a single case of secession in democracies if we consider only the well-established ones, that is, those with at least ten consecutive years of universal suffrage. The cases most often mentioned happened only a few years after the introduction or significant expansion of universal suffrage: Norway and Sweden in 1905, Iceland and Denmark in 1918, Ireland and the United Kingdom in 1922. What is more, one would hesitate before calling the first two cases real secessions, since the ties between the political entities involved were very loose at the outset. Secessionists never managed to split a well-established democracy through a referendum or an electoral victory. We must conclude that it is very hard for them to achieve and maintain the magic number of 50 per cent support. My aim is to explain why this is the case.

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