scholarly journals Can machine learning, as a RegTech compliance tool, lighten the regulatory burden for charitable organisations in the United Kingdom?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Charanjit Singh ◽  
Lei Zhao ◽  
Wangwei Lin ◽  
Zhen Ye
Keyword(s):  
Machine Learning ◽  
Design Methodology ◽  
Action Plan ◽  
Regulatory Compliance ◽  
International Regulation ◽  
Content Type ◽  
Regulatory Burden ◽  
The United Kingdom ◽  
The Subject ◽  
The Uk

Purpose Machine learning is having a major impact on banking, law and other organisations. The speed with which this technology is developing to undertake tasks that are not only complex and technical but also time-consuming and that are subject to constantly changing parameters is astounding. The purpose of this paper is to explore the extent to which machine learning can be used as a solution to lighten the compliance and regulatory burden on charitable organisations in the UK; so that they can comply with their regulatory duties and develop a coherent and streamlined action plan in relation to technological investment. Design/methodology/approach The subject is approached through the analysis of data, literature and domestic and international regulation. The first part of the study summarises the extent of current regulatory obligations faced by charities, these are then, in the second part, set against the potential technological solutions provided by machine learning as of July 2021. Findings It is suggested that charities can use machine learning as a smart technological solution to ease the regulatory burden they face in a growing and impactful sector. Originality/value The work is original because it is the first to specifically explore how machine learning as a technological advance can assist charities in meeting the regulatory compliance challenge.

scholarly journals Can artificial intelligence, RegTech and CharityTech provide effective solutions for anti-money laundering and counter-terror financing initiatives in charitable fundraising

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Charanjit Singh ◽  
Wangwei Lin
Keyword(s):  
Artificial Intelligence ◽  
Money Laundering ◽  
Design Methodology ◽  
Regulatory Compliance ◽  
Law Firms ◽  
International Regulation ◽  
Content Type ◽  
Technological Advances ◽  
The Subject ◽  
The Uk

Purpose Artificial intelligence has had a major impact on organisations from Banking through to Law Firms. The rate at which technology has developed in terms of tasks that are complex, technical and time-consuming has been astounding. The purpose of this paper is to explore the solutions that AI, RegTech and CharityTech provide to charities in navigating the vast amount of anti-money laundering and counter-terror finance legislation in the UK; so that they comply with the requirements and mitigate the potential risk they face but also develop a more coherent and streamlined set of actions. Design/methodology/approach The subject is approached through the analysis of data, literature and, domestic and international regulation. The first part of the paper explores the current obligations and risks charities face, these are then, in the second part, set against the examination of potential technological solutions as of August 2020. Findings It is suggested that charities underestimate the importance of the nature and size of the threat posed to them, this is significant, as demonstrated, given the growing size and impact of the sector. Technological solutions are suggested to combat the issues charities face. Originality/value The study is original because it is the first to create the notion of CharityTech and to specifically explore what technological advances can assist charities in meeting the regulatory compliance challenge.

Accounting-education trends by authors from Australia, Canada, New Zealand and the United Kingdom

2016 ◽  
Vol 42 (4) ◽  
pp. 390-410 ◽  
Author(s):  
Richard A. Bernardi ◽  
Taylor L. Delande ◽  
Kimberly A. Zamojcin
Keyword(s):  
Education Research ◽  
United Kingdom ◽  
New Zealand ◽  
Design Methodology ◽  
Accounting Education ◽  
Content Type ◽  
Accounting Faculty ◽  
Journal Rankings ◽  
The United Kingdom ◽  
The Uk

Purpose – The purpose of this paper is to examine the trends in accounting-education publications and the influence of journal rankings for authors from Australia, Canada, New Zealand and the UK. Design/methodology/approach – The authors included the publications in ten accounting-education journals for the 20-year period from 1993 to 2012. Findings – The data provide insights into the perceptions of accounting-education journals by authors from four countries. The authors found that, while the use of Accounting Education as a publication outlet for accounting authors from Australia and the UK was relatively stable, the use of Accounting Education as a publication outlet increased (decreased) for the accounting authors from New Zealand (Canada). The authors also found that, while coauthoring by the accounting authors from Australia and the UK increased slightly, coauthoring by the accounting authors from Canada and New Zealand increased during the 20-year period. Research limitations/implications – The data suggests a tendency by the authors from these four countries to publish their accounting-education research in journals that had been ranked as a top accounting journal. Originality/value – This paper is the first paper to consider trends in international accounting-education publications. The data in this research can be used by accounting faculty wishing to assess which journals their colleagues publish in most frequently.

The design and value of “early adopter” low-energy houses

2017 ◽  
Vol 17 (3) ◽  
pp. 262-272
Author(s):  
Maria Burke
Keyword(s):  
Design Methodology ◽  
Low Energy ◽  
Space Heating ◽  
Early Adopter ◽  
Content Type ◽  
Local Council ◽  
Sustainable Housing ◽  
The United Kingdom ◽  
The Social ◽  
The Uk

Purpose The purpose of this paper is to outline an early adopter “low energy” domestic dwelling, one of the social houses built by a collaboration between a university, the local council. The origins of this project are from the early days of interest in sustainable housing, the 1970s. The dwellings were innovative and built to what became known as “the Salford design” which performed to unusual specifications, using approximately 75 per cent less energy than the UK average for space heating and over 40 per cent less than for houses built to what were then the standard building regulations. Design/methodology/approach A qualitative and interpretative stance was deemed to be the most appropriate. Within that lens, interviews were chosen as the primary research instrument. Findings A marked feature of the results is the variation in energy consumption by different households. A Salford-designed house could be habitable throughout the year without any space heating at all, comfortable at 10 per cent and very comfortable at 25 per cent of normal consumption. Originality/value As there continues to be interest and commitment to reducing energy – not just from the United Kingdom but also on a worldwide scale – the United Nations Conference of the Parties known as COP 22 (2016) met in Morocco to take forward many of the initiatives outlined in the Paris Agreement 2015. It is of interest, then, that the latest set of interviews showed that the houses built to the innovative and original 1970s’ Salford design principles, protected by highly insulated well-sealed envelopes, are even presently functioning at a relatively low energy threshold.

scholarly journals The Private Fund Limited Partnership: a new fund vehicle for the UK

2017 ◽  
Vol 18 (3) ◽  
pp. 75-78
Author(s):  
Sally Gibson ◽  
Geoffrey Kittredge ◽  
Simon Witney
Keyword(s):  
United Kingdom ◽  
Design Methodology ◽  
Global Fund ◽  
Investment Management ◽  
Public And Private ◽  
Content Type ◽  
Limited Partnership ◽  
The United Kingdom ◽  
The Face ◽  
The Uk

Purpose To explain the UK government’s long-awaited reforms to limited partnership law. Design/methodology/approach This article discusses the key updates to limited partnership law in the UK that the reforms represent and draws some conclusions as to what may lay ahead. Findings The article concludes that the new regime is a welcome step and one that should help the United Kingdom to remain competitive as a jurisdiction for global fund formation in the face of competition from other jurisdictions. Originality/value This article contains key details on the new limited partnership regime in the UK and guidance from experienced lawyers with specialties in investment management and public and private funds.

The financial action taskforce and money laundering: critical analysis of the Panama papers and the role of the United Kingdom

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Aisha Hassan Al-Emadi
Keyword(s):  
Money Laundering ◽  
Design Methodology ◽  
Task Force ◽  
Content Type ◽  
The United Kingdom ◽  
Rapid Changes ◽  
Financial Action Task ◽  
The Uk ◽  
Desk Review

Purpose This paper aims to study the effectiveness of the implementation of the Financial Action Task Force (FATF) recommendations in the UK in an attempt to combat the laundering of proceeds of corruption. Design/methodology/approach A desk review of secondary resources was conducted to analyze available literature to examine the research topic. Findings The leakage of 11.5 million documents, known as the Panama papers, has revealed that the UK functioned as a safe haven for illicit and corrupt money. In an attempt to address this, the country called for a public registry of beneficial owners to disclose the identities of the owners of the incorporated corporations and to extend them to individuals abroad holding UK property. The FATF report recognizes the UK’s far-reaching regulation. Despite the measures taken, UK still faces serious risks with regard to the laundering of criminal proceeds, which demonstrates that technical compliance with FATF rules is not enough to effectively curb money laundering. Originality/value This study suggests that FATF rules’ effectiveness in identifying instances of laundering the proceeds of corruption is limited because of the deeply rooted system vulnerabilities and the rapid changes in money laundering trends.

Legislative and regulatory responses to the global financial crisis from within the United Kingdom

2014 ◽  
Vol 21 (2) ◽  
pp. 124-148 ◽  
Author(s):  
Graeme Baber
Keyword(s):  
United Kingdom ◽  
Financial Crisis ◽  
Design Methodology ◽  
Global Financial Crisis ◽  
The European Union ◽  
Content Type ◽  
The United Kingdom ◽  
Economic Statistics ◽  
The Global Financial Crisis ◽  
The Uk

Purpose – The purpose of this paper is to report and review the legislative and regulatory responses to the global financial crisis (GFC) from within the United Kingdom (UK). Design/methodology/approach – The paper observes aspects of the effect of the GFC within the UK, using economic statistics and institutional case studies. It summarises the laws that the European Union (EU) and the UK have produced in the wake of the crisis and recommends approaches to be taken from this point. Findings – The regulators are putting in place a comprehensive, integrated framework, much of which is sensible in its content. However, this structure will be insufficient to re-establish the effective operation of the financial sector, unless firms comply with the rules and a “relationship culture” is developed. Research limitations/implications – It is not yet clear how the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will perform and coordinate. Originality/value – The paper presents a comprehensive review of relevant EU and UK legislation, thereby bringing readers up to date with the situation in the UK.

ISO 15489 Records Management: its development and significance

2010 ◽  
Vol 20 (1) ◽  
pp. 96-103 ◽  
Author(s):  
Susan Healy
Keyword(s):  
Design Methodology ◽  
Good Practice ◽  
Records Management ◽  
International Level ◽  
Content Type ◽  
The Subject ◽  
The Uk

PurposeThe purpose of this paper is to describe the process of producing ISO 15489 Records Management, and to explore some of the professional and other issues that arise for consideration at an international level.Design/methodology/approachThe process of producing ISO 15489 Records Management is described, along with some of the thinking behind that process,FindingsIn one sense, the contents of ISO 15489 are less important than its existence. The fact that records managers can point to an ISO/BSI Standard for their discipline can be used to improve the image and status of records management in the eyes of those who know little or nothing of the subject. The Standard is a statement of good practice in records management. It is also something that can be passed to professionals in other fields when working on projects together. Also, the internationalising process has made the Standard more suitable than AS 4390 for the UK environment.Originality/valueThe paper identifies some of the benefits of the Standard for records management in the UK.

scholarly journals GAMES, game theory and artificial intelligence

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
John T. Hanley
Keyword(s):  
Artificial Intelligence ◽  
Machine Learning ◽  
Game Theory ◽  
Decision Making ◽  
Design Methodology ◽  
Solution Concepts ◽  
Content Type ◽  
Game Theoretic ◽  
The Subject ◽  
Theoretic Solution

PurposeThe purpose of this paper is to illustrate how game theoretic solution concepts inform what classes of problems will be amenable to artificial intelligence and machine learning (AI/ML), and how to evolve the interaction between human and artificial intelligence.Design/methodology/approachThe approach addresses the development of operational gaming to support planning and decision making. It then provides a succinct summary of game theory for those designing and using games, with an emphasis on information conditions and solution concepts. It addresses how experimentation demonstrates where human decisions differ from game theoretic solution concepts and how games have been used to develop AI/ML. It concludes by suggesting what classes of problems will be amenable to AI/ML, and which will not. It goes on to propose a method for evolving human/artificial intelligence.FindingsGame theoretic solution concepts inform classes of problems where AI/ML 'solutions' will be suspect. The complexity of the subject requires a campaign of learning.Originality/valueThough games have been essential to the development of AI/ML, practitioners have yet to employ game theory to understand its limitations.

scholarly journals Who performs better? AVMs vs hedonic models

2020 ◽  
Vol 38 (3) ◽  
pp. 213-225 ◽  
Author(s):  
Agostino Valier
Keyword(s):  
Machine Learning ◽  
Regression Analysis ◽  
Design Methodology ◽  
Machine Learning Algorithms ◽  
Data Set ◽  
Content Type ◽  
Complete Survey ◽  
The Subject ◽  
Automated Valuation ◽  
Practical Implications

PurposeIn the literature there are numerous tests that compare the accuracy of automated valuation models (AVMs). These models first train themselves with price data and property characteristics, then they are tested by measuring their ability to predict prices. Most of them compare the effectiveness of traditional econometric models against the use of machine learning algorithms. Although the latter seem to offer better performance, there is not yet a complete survey of the literature to confirm the hypothesis.Design/methodology/approachAll tests comparing regression analysis and AVMs machine learning on the same data set have been identified. The scores obtained in terms of accuracy were then compared with each other.FindingsMachine learning models are more accurate than traditional regression analysis in their ability to predict value. Nevertheless, many authors point out as their limit their black box nature and their poor inferential abilities.Practical implicationsAVMs machine learning offers a huge advantage for all real estate operators who know and can use them. Their use in public policy or litigation can be critical.Originality/valueAccording to the author, this is the first systematic review that collects all the articles produced on the subject done comparing the results obtained.

scholarly journals Employment relations in the UK civil service

2015 ◽  
Vol 44 (6) ◽  
pp. 930-948
Author(s):  
Andy Hodder
Keyword(s):  
Design Methodology ◽  
Service Management ◽  
Civil Service ◽  
Industrial Relations ◽  
Future Research ◽  
Employment Relations ◽  
Content Type ◽  
General Review ◽  
The Subject ◽  
The Uk

Purpose – The purpose of this paper is to bring together two separate strands of the literature (politics and industrial relations) on civil service management and reform to enable consideration of the industrial relations implications of these changes. Design/methodology/approach – This paper is conceptual and has no empirical base. The paper is a general review of existing literature on the subject. Findings – The paper identifies the importance of historical legacy in both management and union behaviour in the civil service. By revisiting earlier civil service reforms, the reader is able to gain an understanding of the rationale for much of the current restructuring of the civil service. Additionally, any discussion of trade union behaviour should be located in the context of union tradition and evolution. Research limitations/implications – In being a general review, the paper does not report empirical evidence but instead provides the background for future research into civil service industrial relations and management. Originality/value – This paper is the first to provide a systematic review of management restructuring in the civil service whilst at the same time considering union responses. As such, the paper is of interest to academics and practitioners in the areas of both management and politics.

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