Delusions of Competence

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Author :
Publisher : Springer Nature
ISBN 13 : 3030940888
Total Pages : 140 pages
Book Rating : 4.0/5 (39 download)

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Book Synopsis Delusions of Competence by : Robin Pearson

Download or read book Delusions of Competence written by Robin Pearson and published by Springer Nature. This book was released on 2022-02-09 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the crisis at the famous insurance market, Lloyd's of London, during the late twentieth century, which nearly destroyed the 300-year-old institution. While rapid structural change resulting from system collapse is less common in insurance than in the history of other financial services, one exception was the Lloyd’s crisis. Hitherto, explanations of the crisis have focused on the effects of catastrophic losses and poor governance. By drawing on contemporary accounts of the crisis, the author constructs the first comprehensive scholarly analysis of the public and political response. The book applies theoretical concepts from behavioural economics and economic psychology to argue that multiple delusions of competence were at work both within and outside the Lloyd’s market. Arrogance, elitism and defence of vested interests comprised endogenous elements of the crisis. Entrenched ideas about the virtues of self-regulation and faith in insider experts also played a role. The result was a misdiagnosis by both insiders and politicians of what ailed Lloyd’s and a series of reforms that failed to address the underlying causes of its disease. This book offers a salutary lesson from recent history about the importance of the transparency, accountability and effective monitoring of financial institutions. It is of interest to academics and students of economic and financial history, business, insurance, political economy and history.

Global Business Regulation

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Author :
Publisher : Cambridge University Press
ISBN 13 : 9780521780339
Total Pages : 194 pages
Book Rating : 4.7/5 (83 download)

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Book Synopsis Global Business Regulation by : John Braithwaite

Download or read book Global Business Regulation written by John Braithwaite and published by Cambridge University Press. This book was released on 2000-02-13 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: How has the regulation of business shifted from national to global institutions? What are the mechanisms of globalization? Who are the key actors? What of democratic sovereignty? In which cases has globalization been successfully resisted? These questions are confronted across an amazing sweep of the critical areas of business regulation--from contract, intellectual property and corporations law, to trade, telecommunications, labor standards, drugs, food, transport and environment. This book examines the role played by global institutions such as the World Trade Organization, World Health Organization, the OECD, IMF, Moodys and the World Bank, as well as various NGOs and significant individuals. Incorporating both history and analysis, Global Business Regulation will become the standard reference for readers in business, law, politics, and international relations.

The BCCI Affair : a Report to the Senate Committee on Foreign Relations

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Author :
Publisher :
ISBN 13 :
Total Pages : 794 pages
Book Rating : 4.:/5 (17 download)

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Book Synopsis The BCCI Affair : a Report to the Senate Committee on Foreign Relations by : Narcotics United States. Congress. Senate. Committee on Foreign Relations. Subcommittee on Terrorism (and International Oper)

Download or read book The BCCI Affair : a Report to the Senate Committee on Foreign Relations written by Narcotics United States. Congress. Senate. Committee on Foreign Relations. Subcommittee on Terrorism (and International Oper) and published by . This book was released on 1992 with total page 794 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Great Financial Plumbing

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Author :
Publisher : Rowman & Littlefield
ISBN 13 : 1783484292
Total Pages : 201 pages
Book Rating : 4.7/5 (834 download)

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Book Synopsis The Great Financial Plumbing by : Karel Lannoo

Download or read book The Great Financial Plumbing written by Karel Lannoo and published by Rowman & Littlefield. This book was released on 2015-09-30 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis has led to a far-reaching redesign of the European regulatory and supervisory framework. Following the commitments made in the context of the G-20, but also reacting to internal shortcomings, the EU engaged in a massive program to re-regulate financial markets. The EU furthermore redesigned the structure for supervisory cooperation, initially through the European Supervisory Authorities, and later in its ambition to form the Banking Union. In The Great Financial Plumbing, Karel Lannoo systematically assesses the new regulatory and supervisory framework. The book’s structure follows the big questions on the agenda: 1) What is Banking Union? 2) How have the concerns of the G-20 been addressed by the EU (oversight of credit-rating agencies, better capital for banks, the re-regulation of securities and derivatives markets, asset management, depositor protection and bank resolution)? 3) How were uniquely EU rules on state aid applied to the banking sector? This book is designed to give professionals, policy-makers and students a better understanding of the new regulatory framework and insights into the policy context that has led to the new rules governing financial markets in Europe.

Earthquake Insurance in Turkey

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 146 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Earthquake Insurance in Turkey by : Eugene Gurenko

Download or read book Earthquake Insurance in Turkey written by Eugene Gurenko and published by World Bank Publications. This book was released on 2006 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication, Earthquake insurance in Turkey, is an exposition of the dangers faced by Turkey as it is located in one of the most active earthquake (EQ) and volcanic regions in the world on the one hand, and, on the other hand, the efforts that Turkey is making to alleviate the social and fiscal disasters that are caused when these calamities do strike. The persistent potential for large-scale disasters has led to the establishment of the Turkish Catastrophe Insurance Pool (TCIP) in 1999. The main rationale for the creation of TCIP was a very low level of catastrophe insurance penetration among households. The authors stress that the four principal objectives of the program are to (1) provide earthquake insurance coverage at affordable but actuarially sound rates for all registered urban dwellings, (2) limit the government's financial exposure to natural disasters, (3) build long-term catastrophe reserves to finance future earthquake losses, and (4) encourage risk reduction and mitigation practices in residential construction. The book points out that the program has reduced significantly the government's fiscal exposure to EQ risk. In five years, the TCIP transformed itself from an unknown and controversial government-sponsored program to one of the most trusted brand names in the Turkish insurance industry. Moreover, it has led the World Bank to rethink the roles of ex-ante risk management relative to ex-post donor support. In this context, the World Bank supported Turkey's earthquake insurance program to establish and expand national catastrophic risk management and risk transfer capabilities. The authors conclude that the TCIP's success has brought it worldwide recognition. Inspired by the TCIP's example, more than a dozen countries, including China, Colombia, Greece, India, the Islamic Republic of Iran, Italy, the Philippines, Romania, and nine island states of the Caribbean have begun technical and legislative preparation of catastrophe insurance programs.

Financial Services Regulation: Self-regulation at Lloyd's of London: the Government's Response to the Fifth Report from the Committee in Session 1994-95

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Author :
Publisher :
ISBN 13 : 9780100200951
Total Pages : 13 pages
Book Rating : 4.2/5 (9 download)

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Book Synopsis Financial Services Regulation: Self-regulation at Lloyd's of London: the Government's Response to the Fifth Report from the Committee in Session 1994-95 by : Great Britain. Dept. of Trade and Industry

Download or read book Financial Services Regulation: Self-regulation at Lloyd's of London: the Government's Response to the Fifth Report from the Committee in Session 1994-95 written by Great Britain. Dept. of Trade and Industry and published by . This book was released on 1995 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Global Financial Crisis

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1437919847
Total Pages : 127 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis The Global Financial Crisis by : Dick K. Nanto

Download or read book The Global Financial Crisis written by Dick K. Nanto and published by DIANE Publishing. This book was released on 2009 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: (1) Recent Developments and Analysis; (2) The Global Financial Crisis and U.S. Interests: Policy; Four Phases of the Global Financial Crisis; (3) New Challenges and Policy in Managing Financial Risk; (4) Origins, Contagion, and Risk; (5) Effects on Emerging Markets: Latin America; Russia and the Financial Crisis; (6) Effects on Europe and The European Response: The ¿European Framework for Action¿; The British Rescue Plan; Collapse of Iceland¿s Banking Sector; (7) Impact on Asia and the Asian Response: Asian Reserves and Their Impact; National Responses; (8) International Policy Issues: Bretton Woods II; G-20 Meetings; The International Monetary Fund; Changes in U.S. Reg¿s. and Regulatory Structure; (9) Legislation.

The Wealth Effect

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1107153743
Total Pages : 597 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis The Wealth Effect by : Jeffrey M. Chwieroth

Download or read book The Wealth Effect written by Jeffrey M. Chwieroth and published by Cambridge University Press. This book was released on 2019-03-21 with total page 597 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shows how the politics of banking crises has been transformed by the growing 'great expectations' among middle class voters that governments should protect their wealth.

The United States, China, and Taiwan

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Author :
Publisher : Council on Foreign Relations Press
ISBN 13 : 9780876092835
Total Pages : 102 pages
Book Rating : 4.0/5 (928 download)

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Book Synopsis The United States, China, and Taiwan by : Robert Blackwill

Download or read book The United States, China, and Taiwan written by Robert Blackwill and published by Council on Foreign Relations Press. This book was released on 2021-02-11 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taiwan "is becoming the most dangerous flash point in the world for a possible war that involves the United States, China, and probably other major powers," warn Robert D. Blackwill, Council on Foreign Relations (CFR) Henry A. Kissinger senior fellow for U.S. foreign policy, and Philip Zelikow, University of Virginia White Burkett Miller professor of history. In a new Council Special Report, The United States, China, and Taiwan: A Strategy to Prevent War, the authors argue that the United States should change and clarify its strategy to prevent war over Taiwan. "The U.S. strategic objective regarding Taiwan should be to preserve its political and economic autonomy, its dynamism as a free society, and U.S.-allied deterrence-without triggering a Chinese attack on Taiwan." "We do not think it is politically or militarily realistic to count on a U.S. military defeat of various kinds of Chinese assaults on Taiwan, uncoordinated with allies. Nor is it realistic to presume that, after such a frustrating clash, the United States would or should simply escalate to some sort of wide-scale war against China with comprehensive blockades or strikes against targets on the Chinese mainland." "If U.S. campaign plans postulate such unrealistic scenarios," the authors add, "they will likely be rejected by an American president and by the U.S. Congress." But, they observe, "the resulting U.S. paralysis would not be the result of presidential weakness or timidity. It might arise because the most powerful country in the world did not have credible options prepared for the most dangerous military crisis looming in front of it." Proposing "a realistic strategic objective for Taiwan, and the associated policy prescriptions, to sustain the political balance that has kept the peace for the last fifty years," the authors urge the Joe Biden administration to affirm that it is not trying to change Taiwan's status; work with its allies, especially Japan, to prepare new plans that could challenge Chinese military moves against Taiwan and help Taiwan defend itself, yet put the burden of widening a war on China; and visibly plan, beforehand, for the disruption and mobilization that could follow a wider war, but without assuming that such a war would or should escalate to the Chinese, Japanese, or American homelands. "The horrendous global consequences of a war between the United States and China, most likely over Taiwan, should preoccupy the Biden team, beginning with the president," the authors conclude.

Staff Guidance Note on Macroprudential Policy

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498342620
Total Pages : 45 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Staff Guidance Note on Macroprudential Policy by : International Monetary Fund

Download or read book Staff Guidance Note on Macroprudential Policy written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-06-11 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note provides guidance to facilitate the staff’s advice on macroprudential policy in Fund surveillance. It elaborates on the principles set out in the “Key Aspects of Macroprudential Policy,” taking into account the work of international standard setters as well as the evolving country experience with macroprudential policy. The main note is accompanied by supplements offering Detailed Guidance on Instruments and Considerations for Low Income Countries

Crisis and Control

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Author :
Publisher : Campus Verlag
ISBN 13 : 9783593396712
Total Pages : 0 pages
Book Rating : 4.3/5 (967 download)

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Book Synopsis Crisis and Control by : Renate Mayntz

Download or read book Crisis and Control written by Renate Mayntz and published by Campus Verlag. This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In reaction to the international financial crisis of 2007, a network of social scientists from seven countries analyzed the various changes in the regulation of financial markets, and this book presents their results. The articles published herein show patterns of institutional change that were triggered by the economic crisis on different political levels, of their implementation and effectiveness, as well as their results. An indispensible tool for political scientists, Crisis and Control contributes significantly to the theory of institutional change.

The Precautionary Principle in the 20th Century

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Author :
Publisher : Routledge
ISBN 13 : 1134207786
Total Pages : 289 pages
Book Rating : 4.1/5 (342 download)

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Book Synopsis The Precautionary Principle in the 20th Century by : Paul Harremoes

Download or read book The Precautionary Principle in the 20th Century written by Paul Harremoes and published by Routledge. This book was released on 2013-10-11 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: The precautionary principle is widely seen as fundamental to successful policies for sustainability. It has been cited in international courts and trade disputes between the USA and the EU, and invoked in a growing range of political debates. Understanding what it can and cannot achieve is therefore crucial. This volume looks back over the last century to examine the role the principle played or could have played, in a range of major and avoidable public disasters. From detailed investigation of how each disaster unfolded, what the impacts were and what measures were adopted, the authors draw lessons and establish criteria that could help to minimise the health and environmental risks of future technological, economic and policy innovations. This is an informative resource for all those from lawyers and policy-makers, to researchers and students needing to understand or apply the principle.

The Transformation of the European Financial System

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Author :
Publisher :
ISBN 13 : 9789291813483
Total Pages : 334 pages
Book Rating : 4.8/5 (134 download)

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Book Synopsis The Transformation of the European Financial System by : Vitor Gaspar

Download or read book The Transformation of the European Financial System written by Vitor Gaspar and published by . This book was released on 2003-01-01 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Review of Maritime Transport 2020

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Author :
Publisher : UN
ISBN 13 : 9789211129939
Total Pages : 0 pages
Book Rating : 4.1/5 (299 download)

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Book Synopsis Review of Maritime Transport 2020 by : United Nations

Download or read book Review of Maritime Transport 2020 written by United Nations and published by UN. This book was released on 2021-01-06 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This series contains the decisions of the Court in both the English and French texts.

Beyond Charity

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Author :
Publisher :
ISBN 13 : 9780979638923
Total Pages : 301 pages
Book Rating : 4.6/5 (389 download)

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Book Synopsis Beyond Charity by : Eric John Abrahamson

Download or read book Beyond Charity written by Eric John Abrahamson and published by . This book was released on 2013-01-15 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Late Lessons from Early Warnings

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Author :
Publisher : Luxembourg : Office for Official Publications of the European Communities
ISBN 13 :
Total Pages : 220 pages
Book Rating : 4.:/5 (7 download)

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Book Synopsis Late Lessons from Early Warnings by : European Environment Agency

Download or read book Late Lessons from Early Warnings written by European Environment Agency and published by Luxembourg : Office for Official Publications of the European Communities. This book was released on 2001 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: The precautionary principle is widely seen as fundamental to successful policies for sustainability. This title looks back over the last century to examine the role the principle played in a range of major and avoidable public disasters.

Strengthening the Safety Culture of the Offshore Oil and Gas Industry

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Author :
Publisher :
ISBN 13 :
Total Pages : 223 pages
Book Rating : 4.:/5 (959 download)

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Book Synopsis Strengthening the Safety Culture of the Offshore Oil and Gas Industry by : National Academies of Sciences, Engineering, and Medicine (U.S.). Committee on U.S. Offshore Oil and Gas Industry Safety Culture

Download or read book Strengthening the Safety Culture of the Offshore Oil and Gas Industry written by National Academies of Sciences, Engineering, and Medicine (U.S.). Committee on U.S. Offshore Oil and Gas Industry Safety Culture and published by . This book was released on 2016 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: "TRB Special Report 321: Strengthening the Safety Culture of the Offshore Oil and Gas Industry offers recommendations to industry and regulators to strengthen and sustain the safety culture of the offshore oil and gas industry. The committee that prepared the report addresses conceptual challenges in defining safety culture and discusses the empirical support for the definition of safety culture offered by the Bureau of Safety and Environmental Enforcement, the nine characteristics or elements of a robust safety culture, methods for assessing company safety culture, and barriers to improving safety culture in the offshore industry. The committee's report also identifies topics on which further research is needed with respect to assessing, improving, and sustaining safety culture"--Provided by publisher.