Makroprudentielle Aufsicht

2019 ◽  
Author(s):  
Vincenz Bergk
Keyword(s):  
Systemic Risk ◽  
Financial Stability ◽  
National Level ◽  
Comparative Approach ◽  
Global Level ◽  
European Level ◽  
Single Supervisory Mechanism ◽  
Eu Member States ◽  
The Usa ◽  
The Uk

In this comprehensive and clearly structured work, the author addresses the various facets of macroprudential supervision using an impressive functional and comparative approach (which involves Germany, the UK, Slovenia and the USA). He assesses how macroprudential actors should be organised and which powers are necessary for them to fulfil their tasks appropriately. In doing so, he not only includes selected actors from EU Member States, but also US ones. At the European level, the European Systemic Risk Board (ESRB) is the outstanding macroprudential body. Nevertheless, the author attempts to determine which position is assigned to the Single Supervisory Mechanism (SSM) in the macroprudential system at this level. Additionally, he examines the relevant actors involved in safeguarding financial stability at a global level and the forms of macroprudential regulation from the global level to the national level.

Lost in uncertainty: How the Euro crisis affected European identity constructions in national media discourses

2018 ◽  
Vol 81 (6-8) ◽  
pp. 602-622
Author(s):  
Dennis Lichtenstein ◽  
Christiane Eilders
Keyword(s):  
Financial Stability ◽  
European Identity ◽  
Market Regulation ◽  
Euro Crisis ◽  
Eu Member States ◽  
Identity Constructions ◽  
Weekly Newspapers ◽  
The Uk ◽  
Media Discourses ◽  
The Eu

The Euro crisis has revealed severe conflicts between EU member states and challenged a shared European identity. This article investigates how the crisis was reflected in identity constructions in media discourses in EU key countries. European identity construction is conceptualized as framing of the EU in favour or against belonging to the EU and togetherness with other members. Conducting a systematic content analysis of two weekly newspapers and magazines in Germany, France and the UK, we compare identity constructions between 2011 and 2014. Findings show that while support of belonging to the EU is low in general, the countries differ remarkably in terms of their sense of togetherness. This particularly applies to strong or weak political integration, market regulation or market freedom and financial stability or impulses for economic growth. The positions reflect long-term political conflicts between the countries but are also flexible enough to adapt to the particular event context.

Anti-bribery laws – compliance issues in Australia

2017 ◽  
Vol 24 (1) ◽  
pp. 4-16
Author(s):  
Paul Latimer
Keyword(s):  
Law Enforcement ◽  
Comparative Approach ◽  
Home Base ◽  
Content Type ◽  
Legal Response ◽  
Mixed Response ◽  
Corrosive Effect ◽  
Negative Effect ◽  
The Usa ◽  
The Uk

Purpose The purpose of this paper is to examine the scope of the legal responses to bribery and particularly foreign bribery in the global context. It identifies the corrosive effect of bribery and its negative effect on the economy, before turning to Australia’s mixed response to foreign bribery. Design/methodology/approach The paper is theoretical in nature as a review of policy, and the literature has been the main method used for analysis. Given the increasingly transnational and organised nature of foreign bribery, this paper adopts a comparative approach using Australia as the home base with some comparisons with the UK and the USA. Findings This paper finds that Australia’s response to foreign bribery is improving from a low base, and that this is recognised by the Organisation for Economic Cooperation and Development. Further improvement could be expected if there were strong government leadership and coordination of law enforcement authorities, including the police, corporate regulators and corruption authorities at the Commonwealth, state and territory levels. This paper acknowledges the work of Australia’s unfinished Senate Foreign Bribery Inquiry, which is due to report by 30 June 2017. Practical implications This paper revisits the debate on bribery and the response of law enforcement, highlighting the importance of effective and coordinated law enforcement. The paper will provide background for those analysing the issues with foreign bribery and the solutions for law enforcement. Originality/value The paper enables the reader to gain insights into the problems and causes and effects of foreign bribery. It is hoped that this paper will contribute to, and facilitate, further analysis of the most effective way to deal with bribery and the legal response.

scholarly journals BIOCHAR STANDARDIZATION AND LEGISLATION HARMONIZATION

2017 ◽  
Vol 25 (2) ◽  
pp. 175-191 ◽  
Author(s):  
Sebastian MEYER ◽  
Lorenzo GENESIO ◽  
Ines VOGEL ◽  
Hans-Peter SCHMIDT ◽  
Gerhard SOJA ◽  
...  
Keyword(s):  
Climate Change ◽  
Soil Amendment ◽  
Climate Change Mitigation ◽  
Quality Standards ◽  
Eu Member States ◽  
The Usa ◽  
Soil Improvers ◽  
The Uk ◽  
Change Mitigation ◽  
The Eu

It is a relatively new concept to use biochar as soil amendment and for climate change mitigation. For this reason, the national and supranational legislation in the EU is not yet adequately prepared to regulate both the production and the application of biochar. Driven by this “regulatory gap”, voluntary biochar quality standards have been formed in Europe with the European Biochar Certificate, in the UK with the Biochar Quality Mandate and in the USA with the IBI Standard which is intended to be used internationally. In parallel to this, biochar producers and biochar users in a number of EU countries were partly successful in fitting the new biochar product into the existing national legislation for fertilisers, soil improvers and composts. The intended revision of the EC Regulation 2003/2003 on fertilisers offers the opportunity to regulate the use of biochar at the EU level. This publication summarizes the efforts on biochar standardization which have been carried out by voluntary products standards and illustrates existing legislation in EU member states, which apply to the production and use of biochar. It describes existing and planned EU regulations, which impact biochar applications and it develops recommendations on the harmonization of biochar legislation in the EU.

Part A Regulatory Matters, 8 The Market Regulators

2015 ◽  
Author(s):  
Proctor Charles
Keyword(s):  
Financial Services ◽  
Financial Stability ◽  
Credit Crunch ◽  
Market Regulation ◽  
European Level ◽  
Banking Market ◽  
Bank Of England ◽  
Regulatory Bodies ◽  
The Uk

This chapter explains the various authorities involved in UK banking market regulation. It first considers the role of the UK Financial Services Authority (FSA), including its statutory objectives and powers under the Financial Services and Markets Act 2000. It then discusses the role of the Bank of England in the fields of financial stability and monetary policy; the role of Her Majesty's Treasury; the development of regulatory bodies at the European level, largely in response to the credit crunch and the problems to which it gave rise; and some recent international initiatives.

scholarly journals A preliminary assessment of the Normative Framework regulating MAR schemes in Europe: the EU Directives and their Implementation in nine National Legislations

2014 ◽  
Author(s):  
Matteo E. Bonfanti ◽  
Francesca Capone
Keyword(s):  
Preliminary Investigation ◽  
National Level ◽  
Comparative Approach ◽  
Legal Analysis ◽  
The European Union ◽  
Water Shortages ◽  
Eu Countries ◽  
Eu Member States ◽  
Normative Framework ◽  
Eu Directives

The use of MAR schemes within the European Union is not a new phenomenon, on the contrary it dates back to the beginning of the XIX century. Despite being widely adopted and currently the object of extensive studies, this tool is not soundly regulated and so far very little research has been conducted on the normative framework regulating MAR at the regional and at the national level. This paper draws upon the findings of a Report which represents one of the deliverables identified by MARSOL, a EU FP7 project launched in December 2013 that aims at demonstrating that MAR shall be regarded as a viable approach to address the predicted water shortages over the long term. Through a survey which involved a number of national experts, the researchers involved in the drafting of the Report have collected relevant data concerning the national legal frameworks of nine EU countries that adopt MAR schemes. The results of the questionnaire have been processed using a qualitative and comparative approach and have been duly included in the legal analysis, which covers the implementation at the national level of the two EU Directives relevant for MAR Schemes, i.e. the Water Framework Directive and its “daughter”, the Groundwater Directive. This paper shall be considered as the outcome of a preliminary investigation which covered only a limited number of European countries, it is expected that the research will be carried out as to include a larger number of EU Member States (MSs), alongside the most relevant extra EU countries.

Towards a common identity? The harmonisation of identity theft laws

2015 ◽  
Vol 22 (4) ◽  
pp. 492-512 ◽  
Author(s):  
Jonathan Clough
Keyword(s):  
Identity Theft ◽  
Comparative Approach ◽  
Law Enforcement Agencies ◽  
Content Type ◽  
Global Challenge ◽  
Legal Responses ◽  
The Usa ◽  
Legal Frameworks ◽  
The Uk ◽  
Modern Identity

Purpose – The purpose of this paper is to consider potential criminal law responses to the global challenge of “identity crime”. In particular, it focuses on a specific offence of “identity theft”. It begins with a discussion of the meaning of “identity” in the context of modern transactions, before defining “identity crime” and related terms. Legal responses are then considered before turning to the importance of harmonisation. The transnational nature of modern identity crimes makes it essential that law enforcement agencies not only have suitable offences at their disposal but also the frameworks to facilitate international cooperation. Design/methodology/approach – Given the increasingly transnational and organized nature of modern identity crime, this paper adopts a comparative approach. It draws upon provisions from Australia, Canada, the UK and the USA. It also looks at responses to identity crime at the regional and international level. Findings – Although there is currently no international instrument which specifically and comprehensively addresses identity theft, it is argued that there is an urgent need for further international discussion as to the desirability and form of identity theft provisions. While international agreement may not be reached, such discussions are important in assisting countries to develop appropriate legal frameworks and capacity to address the modern fraud environment. Originality/value – It is hoped that this paper will contribute to, and facilitate, important ongoing discussions as to the most effective ways in which to tackle identity crime at the national and international levels.

Research growth in LIS during last decade: a study

2015 ◽  
Vol 64 (8/9) ◽  
pp. 514-532 ◽  
Author(s):  
Ramesh Pandita ◽  
Shivendra Singh
Keyword(s):  
Information Science ◽  
Research Output ◽  
Data Retrieval ◽  
Library And Information Science ◽  
Global Level ◽  
H Index ◽  
Content Type ◽  
The Usa ◽  
Data Source ◽  
The Uk

Purpose – The purpose of this study is to examine the research growth in the field of library and information science (LIS) at a global level for the period 2004-2013. The key areas analyzed in the study include research growth in LIS at a continental level, world’s ten leading LIS research countries, citation analysis Hirsch Index (h-index), etc. Design/methodology/approach – The study is supported with empirical findings, for which data were retrieved from the SCImago Journal and Country Ranking, based on SCOPUS data source. The study is not exhaustive in nature, as it covers only those articles published in LIS journals indexed with this particular data source. The study simply reflects a trend and not the exhaustive figures. Findings – A total of 75,887 research articles were retrieved on the date of data retrieval and put to analysis. The USA is emerging as a leading LIS research country with 29,349 articles, constituting 38.54 per cent of the total global LIS research output, followed by the UK and China. Spain is the fastest-growing LIS research country in the world, with an average annual research growth of 28.70 per cent, which is closely followed by Australia and China. The average annual corresponding research growth of LIS publications at the global level remained 10.46 per cent. Out of 194 nation countries, 162 (82.50 per cent) have contributed to the LIS research during the period. North America, Europe and Asia are the three leading LIS research continents. Originality/value – The scope of the present study is global in nature and lasts for the period 2004-2013.

scholarly journals Net-zero emission targets for major emitting countries consistent with the Paris Agreement

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Heleen L. van Soest ◽  
Michel G. J. den Elzen ◽  
Detlef P. van Vuuren
Keyword(s):  
National Level ◽  
Cost Effective ◽  
Paris Agreement ◽  
Transport Sector ◽  
Global Level ◽  
Global Average ◽  
Net Zero ◽  
Alternative Approach ◽  
The Usa ◽  
Phase Out

AbstractOver 100 countries have set or are considering net-zero emissions or neutrality targets. However, most of the information on emissions neutrality (such as timing) is provided for the global level. Here, we look at national-level neutrality-years based on globally cost-effective 1.5 °C and 2 °C scenarios from integrated assessment models. These results indicate that domestic net zero greenhouse gas and CO2 emissions in Brazil and the USA are reached a decade earlier than the global average, and in India and Indonesia later than global average. These results depend on choices like the accounting of land-use emissions. The results also show that carbon storage and afforestation capacity, income, share of non-CO2 emissions, and transport sector emissions affect the variance in projected phase-out years across countries. We further compare these results to an alternative approach, using equity-based rules to establish target years. These results can inform policymakers on net-zero targets.

scholarly journals Europeanisation and German Public Administration

2021 ◽  
pp. 53-60
Author(s):  
Hans Hofmann
Keyword(s):  
Public Administration ◽  
National Level ◽  
The European Union ◽  
European Level ◽  
Member States ◽  
The Public ◽  
Eu Member States ◽  
Legal Remedy ◽  
Administrative Procedures ◽  
The Eu

AbstractThis chapter discusses how public administration in Germany is influenced by the making and implementation of law by the organs of the European Union (EU). Although the public administrations of the EU Member States are, in principle, responsible for enforcing the laws made by the EU, the EU’s influence on the public administration of Germany as EU Member State is constantly growing. This is true, not only of those areas in which the Member States have transferred to the EU the authority to make laws, but increasingly also of those areas in which the Member States have retained such authority. At the same time, however, there is no systematic codification of the law on administrative procedures at European level and no system of legal remedy for Union citizens equivalent to those at national level.

3. Prudential Regulation II: Structural Reform, Deposit Insurance, Corporate Governance

2018 ◽  
Author(s):  
Ross Cranston ◽  
Emilios Avgouleas ◽  
Kristin van Zweiten ◽  
Theodor van Sante ◽  
Christoper Hare
Keyword(s):  
Corporate Governance ◽  
Financial Stability ◽  
Deposit Insurance ◽  
Legal Framework ◽  
Structural Reform ◽  
Reform Legislation ◽  
Clearing And Settlement ◽  
The Usa ◽  
The Uk ◽  
The Eu

This chapter discusses bank structural reform. Most structural reform initiatives that have been undertaken since 2008 were aimed at reversing the effects of the repeal of the Glass–Steagall Act in the late 1990s and of the EU legislation that promoted universal banking. The chapter first considers the financial stability concerns and the mechanics of contemporary structural reform legislation in the USA, the UK, and the EU, and the actual legal framework underpinning these reforms. It then covers the regulation of bank involvement in derivatives markets. Today, derivatives regulation is a clear part of macroprudential regulation to the extent that centralized clearing and settlement and increased transparency battle opacity and interconnectedness and limit systemic risk. The remainder of the chapter covers deposit insurance, bank corporate governance, risk control, and executive remuneration.

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