The Leveson Report on the Culture, Practices and Ethics of the Press proposed a system under which the independence and effectiveness of a self-regulator set up by the press could be assured through a process of independent “audit” or “recognition”. The Royal Charter on Self-Regulation...

A Food Imitating Product (FIP) is a household cleaner or a personal care product that exhibits food attributes in order to enrich consumption experience. As revealed by many cases worldwide, such a marketing strategy led to unintentional self-poisonings and deaths. FIPs therefore constitute a...

Using linked employer-employee data for all China's public listed firms over the period 2001-10, we find top executive compensation exhibits many of the traits familiar in the Western literature, although sometimes in a more muted way, and with some clear exceptions. We also find a role for...

This paper discusses the role of risk communication in macroprudential oversight and of visualization in risk communication. Beyond the soar in data availability and precision, the transition from firm-centric to system-wide supervision imposes vast data needs. Moreover, except for internal...

The aim of the study is to analyze the concept of systemic risk. The study reviews a multitude of systemic risk definitions in the literature. In addition, the paper identifies factors that contribute to the build-up of systemic risk (vulnerabilities), the spreading of contagion and provides a...

This paper aims at providing a conceptual distinction between banking and insurance with regard to systemic regulation. It discusses key differences and similarities as to how both sectors interact with the financial system. Insurers interact as financial intermediaries and through financial...

This paper examines the concept of systemic risk and provides an intuitive account of the economic thought on systems and the development of the notion of systemic risk. It is illustrated by putting the ideas of system, systemic risk and endogenous risk in a historial perspective.

Under sequential voting, voting late enables conditioning on which candidates are viable, while voting early can influence the field of candidates. But the latter effect can be harmful: shrinking the field increases not only the likelihood that future voters vote for one's favorite candidate,...

Cities are drivers of economic growth, but how does growth affect poverty? This report explores the connection between growth and poverty in UK cities, and examines how strategies for economic growth and poverty reduction can be aligned. The report finds that: - There is no guarantee that...

We generalise polyhedral projection (Fourier-Motzkin elimination) to integer programming (IP) and derive from this an alternative perspective on IP that parallels the classical theory. We first observe that projection of an IP yields an IP augmented with linear congruence relations and...