Risk Management and Public Policy in Payment, Clearing and Settlement Systems

1998 ◽  
Vol 1 (2) ◽  
pp. 229-259 ◽  
Author(s):  
Richard Dale
Author(s):  
Laurentiu Paul Baranga ◽  
Iulian Zalinca

AbstractThe dynamics of the increase in volume and amount of the financial or commercial transactions during the last decennials has amplified the role of clearing and settlement systems, along with the payment ones. From the quality of these systems as a financial markets stability provider also derives the concern for the management of financial risks mainly generated by the participants in these systems. The clearing-settlement systems, operated by infrastructure entities of the capital markets, ensure, within certain limits, a risk management for the incidents that could occur in the settlement activity regarding the financial transactions concluded between participants. We are going to present a methodology for determining the required collateral that must be maintained/updated by the debtor participants of a clearing-settlement system in order to ensure a robust management of the risks that could occur in the settlement operations. This methodology can be applied by any infrastructure entity of the capital market that manages collateral systems to limit the number of cases of settlement fails in financial transactions.


Author(s):  
Jim Hall ◽  
Edoardo Borgomeo

The concept of water security implies concern about potentially harmful states of coupled human and natural water systems. Those harmful states may be associated with water scarcity (for humans and/or the environment), floods or harmful water quality. The theories and practices of risk analysis and risk management have been developed and elaborated to deal with the uncertain occurrence of harmful events. Yet despite their widespread application in public policy, theories and practices of risk management have well-known limitations, particularly in the context of severe uncertainties and contested values. Here, we seek to explore the boundaries of applicability of risk-based principles as a means of formalizing discussion of water security. Not only do risk concepts have normative appeal, but they also provide an explicit means of addressing the variability that is intrinsic to hydrological, ecological and socio-economic systems. We illustrate the nature of these interconnections with a simulation study, which demonstrates how water resources planning could take more explicit account of epistemic uncertainties, tolerability of risk and the trade-offs in risk among different actors.


2020 ◽  
Vol 11 (5) ◽  
pp. 686-691
Author(s):  
Irasema Alcántara-Ayala ◽  
Daniel Rodríguez-Velázquez ◽  
Ricardo J. Garnica-Peña ◽  
Alejandra Maldonado-Martínez

Abstract Notwithstanding the high societal impact of disasters in Mexico, there is a lack of integrated efforts to establish a sound policy for reducing disaster risk to counterbalance the existing concentrated endeavors in disaster management. In the face of such segmentation, the science and technology community has advocated for a change of perspective, from civil protection to integrated disaster risk management. The first Multi-Sectoral Conference towards Integrated Disaster Risk Management in Mexico: Building a National Public Policy (MuSe-IDRiM Conference) was held in Mexico City at National Autonomous University of Mexico, 21–24 October 2019. In support of the implementation of the Sendai Framework for Disaster Risk Reduction 2015–2030, the conference aimed at enhancing the dialogue between the science and technology community, citizens, civil society organizations, private and public sectors, and the federal, state, and municipal governments to foster the process of transforming the current National Civil Protection System into a national public policy oriented towards integrated disaster risk management (DRM). Barriers and challenges to the implementation of integrated DRM were identified. Implementation of integrated DRM challenges current socioeconomic structures and encourages all relevant stakeholders to think, decide, and act from a different perspective and within and across spatial, temporal, jurisdictional, and institutional scales. Understanding disaster risk from an integrated approach, learning skills that authorities have not learned or used, and hence, strengthening disaster risk governance are prerequisites to effectively manage disaster risk.


Author(s):  
Helen M. Gunter

This chapter discusses the deployment of the Education Policy Knowledgeable Polity, which shows how the state has adopted a form of depoliticisation by contract as a form of risk-management-promising, where the trend is towards proactive private as distinct from public contractualism based on the binary risk of failure–success designed to secure and extend segregation. Underpinned by globally networked corporate ideas regarding education as a site for investment, the identification of success and the eradication of failure has become policy in school reform. Importantly, the pursuit of child and school failure as public policy is integral to this process, where schools and children do and, indeed, have to fail in order for segregation to be effective.


2019 ◽  
Author(s):  
Sergio Lacambra ◽  
Tsuneki Hori ◽  
Yuri Chakalall ◽  
Ivonne Jaimes ◽  
Haris Sanahuja ◽  
...  

2019 ◽  
Vol 22 ◽  
Author(s):  
RAFAELA VIEIRA ◽  
GABRIELA SCHMIDT ◽  
JOÃO MARCOS BOSI MENDONÇA DE MOURA

Abstract The objective of this study was the analysis of urban public policy for natural disaster risk management in the city of Blumenau, Santa Catarina, Brazil. Two approaches were used: (1) A survey of the municipal public agencies responsible for disaster risk management was conducted. (2) The surveyed agencies’ representatives’ ideas and activities regarding natural disaster risk were analyzed. A systemic approach was adopted, bibliographical research was performed, and interviews were conducted with 10 municipal public managers. The results facilitated the description of the municipal public disaster risk management organizational structure and the ideas and activities related to disaster risk knowledge, prevention, mitigation, preparedness, response, recovery/ reconstruction. The study concludes that there is a need for improvements in the coordination among the municipal public agencies and in shared responsibilities of the federal entities and the society for disaster risk management.


2021 ◽  
Author(s):  
Sergio Lacambra ◽  
Armand Moredjo ◽  
Claudio Osorio ◽  
Ana María Torres

Calculation of the Index of Governance and Public Policy in Disaster Risk Management (iGOPP) for Suriname. The results of the iGOPP application in Suriname (2018) show a general progress level of 5.59%, which places the country in a “low” range of progress. The Technical notes analyses each indicator that composes iGOPP.


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