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Open Access (free)
Frontier patterns old and new
Philip Nanton

controlling the illegal migration of 1874 could easily be mistaken for that of a twenty-first-century regulator of illegal trafficking. In his dispatches he noted: ‘The existence of these scattered islands with sheltered harbors stretching from St Vincent to Grenada make[s]‌ it difficult to keep control over the Grenadines trade and hence the movement of vessels there.’ 6 Many Leeward and Windward Islanders

in Frontiers of the Caribbean
Abstract only
Claudio M. Radaelli and Fabrizio De Francesco

(Majone, 1994). Independent regulatory agencies emerged as a response to the problem of credibility of political regulatory institutions. The scenario for smooth regulatory reform was set. Reality took a different direction, however. Today, concerns about the quality of European rules and the role of independent regulators in the market are diffuse. So much so that regulatory quality has become one of the priorities of the competitiveness strategies of the Member States and institutions of the European Union (EU). In this book, we critically discuss the concept of

in Regulatory quality in Europe
Abstract only
Mike Buckle and John Thompson

provision of liquidity through quantitative easing. As a result, Buiter and Siebert ( 2008 ) argue that the LOLR has become a market maker of last resort. 5.2.4   The central bank as a regulator The question of who should be the regulator is subject to dispute. This is reflected in the study by Frisell et al. ( 2006 ), who reported

in The UK financial system (fifth edition)
Abstract only
Foundational matters
The Foundation Economy Collective

of citizenship. If post-1980 privatisation and outsourcing have ended in disappointment, this relates partly to specific issues about irrelevant regulation in privatised utilities and crisis-prone conglomerates in outsourcing. Regulation of privatised utilities was dominated by economists focused on policing prices and investment and concerned to promote competition. At the same time, managers and fund investors were engineering cash extraction so that in the privatised UK water industry, for instance, the regulator allowed all the profits to be distributed as

in Foundational economy
Josef W. Konvitz

issues in similar and consistent ways; measures to ensure that regulators give risk management the priority it deserves; techniques to build stakeholder participation and support public deliberation, and understanding of complex scientific and economic assessments in the process; and research that illuminates the cultural and institutional differences across countries that account for greater or lesser sensitivity to specific risks. Political support at the highest level is necessary if technical progress is to be made. Complacency, that current systems are working

in Cities and crisis
Emergence of the Corrib gas conflict
Amanda Slevin

industry has to go somewhere.’ Enterprise maintained its stance on the terminal, supported by the state via the PAD as the promoter and regulator of hydrocarbon activities. When asked if the PAD had given consideration to alternative locations such as an offshore terminal, Charles, a consultant who reviewed the plan of development for Corrib, replied consideration had been given ‘but there wasn’t a good reason to change it  …  because the plan was perfectly ok’. Aidan (a civil servant in the PAD), explained ‘the model of an onshore terminal was clearly the model that was

in Gas, oil and the Irish state
Oonagh McDonald

severely disrupted’.10 They put this down to the role of the CLS Bank, which operated the largest multi-currency cash settlement system, in mitigating settlement risk for its members and customers. The crisis changed the focus of the FX markets and attracted the attention of the regulators. Clients began to be more concerned about minimising transaction costs, while demonstrating best execution. The management of counterparty credit risk obviously became much more important, and that had an impact on FX swaps since these create 152 A decade of change in the foreign

in Holding bankers to account
Oonagh McDonald

important steps to implement the FSB’s recommendations. However, the report finds that: in the case of some IBORS, such as LIBOR and EURIBOR, ­underlying reference transactions … are scarce and submissions therefore necessarily remain based on a mixture of factors, including judgment by submitters. Regulators have taken a number of steps to address these issues, including developing powers to require mandatory contributions to benchmarks, but it remains challenging to ensure the integrity and robustness of benchmarks and it is uncertain whether submitting banks will

in Holding bankers to account
Abstract only
Joe Earle, Cahal Moran, and Zach Ward-Perkins

political one, and as a result democratic culture and debate are undermined. Such a democratic deficit leads to a system where some people have economic authority without public oversight. Every year 10,000 economics students graduate and go on to become regulators, civil servants, consultants, journalists and traditional economists. These people are society’s economic experts and we rely on them to manage the economy on our behalf. Currently they are being trained (not educated) to speak a language no one else can understand and to slot in unquestioningly to a system in

in The econocracy
Open Access (free)
Thom Davies

, may be won and lost by the crunch of code. If data is the new oil, when it comes to actual pollution, data also plays a vital role. The pollution data produced by multinational companies and environmental regulators is often at odds with the lived experience of frontline communities. In response, environmental justice activists have often attempted to record their own data about toxic hazards using a gamut of citizen science techniques. This is especially important considering that the burden of proof of DAVIES & MAH 9781526137029 PRINT.indd 237 08/06/2020 15

in Toxic truths