Promoting Quality through Effective Supervision: Bridging Data and Practice

2007 ◽  
Author(s):  
William Deveney ◽  
Joanne Nicholson
Author(s):  
Madiha Said Abdel‐Razik ◽  
Fayrouz El‐Aguizy ◽  
Ghada Wahby ◽  
Ahmed Samir Elsayad ◽  
Eman Moawad Elhabashi

2012 ◽  
Vol 3 (4) ◽  
pp. 23-39 ◽  
Author(s):  
Elżbieta Izabela Szczepankiewicz

Faced with the risk of consecutive waves of financial crisis and economic recession, government committees, financial supervision authorities and financial institutions themselves – both in Poland and worldwide – have launched a number of measures to make the supervision of insurance sector institutions more effective, particularly in aspects related to efficient risk management and internal control. The article describes the impact of the amendment of laws and other regulations on the development of the present internal control systems in insurance sector institutions. It draws attention to the need for a new structure of the internal control system, and the role and purpose of the internal audit and the audit committee as the bodies supporting effective supervision in insurance undertakings and reinsurance undertakings.


2006 ◽  
Vol 06 (32) ◽  
pp. 1 ◽  
Author(s):  
Antonio Garcia Pascual ◽  
Jorge Cayazzo ◽  
Socorro Heysen ◽  
Eva Gutierrez ◽  
◽  
...  

Author(s):  
Ida Hanifah

The number of cross-sectoral issues in the financial services sector including Islamic banking, which includes moral hazard measures, lack of optimal protection of financial services, and the disruption of financial system stability increasingly encourage the need for the establishment of a supervisory institution in the integrated financial services sector. The source of moral damage in the management of the economy encourages the establishment of newsupervision institutions, more accountable and has a tighter function in overseeing the financial system so that it can better guarantee the achievement of financial system stability. Based on that, Financial Services Authority was formed. Various regulations that have been and will be made by the Financial Services Authority related to Islamic banking are expected to be able to provide protection for the Islamic banking industry as well as spur the development of Islamic banking in Indonesia. More comprehensive and effective supervision of sharia banking is needed along with the increase in market players, product / service variants, and increasingly innovative and complex technological advancements. During this time the existence of Financial Services Authority for Islamic banking has not felt its existence. Financial Services Authority Law is still silent on sharia-based financial services.


Author(s):  
Andreas Matthias

Creation of autonomously acting, learning artifacts has reached a point where humans cannot any more be justly held responsible for the actions of certain types of machines. Such machines learn during operation, thus continuously changing their original behaviour in uncontrollable (by the initial manufacturer) ways. They act without effective supervision and have an epistemic advantage over humans, in that their extended sensory apparatus, their superior processing speed and perfect memory render it impossible for humans to supervise the machine’s decisions in real-time. We survey the techniques of artificial intelligence engineering, showing that there has been a shift in the role of the programmer of such machines from a coder (who has complete control over the program in the machine) to a mere creator of software organisms which evolve and develop by themselves. We then discuss the problem of responsibility ascription to such machines, trying to avoid the metaphysical pitfalls of the mind-body problem. We propose five criteria for purely legal responsibility, which are in accordance both with the findings of contemporary analytic philosophy and with legal practise. We suggest that Stahl’s (2006) concept of “quasi-responsibility” might also be a way to handle the responsibility gap.


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