David Rowe, Dean Jovic and Richard Reeves
Capital is key to any financial institution. Companies in other industries need capital to buy property and production equipment. For financial institutions, the primary function…
Abstract
Capital is key to any financial institution. Companies in other industries need capital to buy property and production equipment. For financial institutions, the primary function of capital is to cover unexpected credit and market risks losses, because risk of such losses inevitably accompanies a bank’s core business of lending money and making markets. David Rowe, Dean Jovic and Richard Reeves explain why it is crucial for financial institutions to build an advanced economic capital framework and how that plays into current initiatives to implement the Basel II Capital Accord.
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When it comes to building new facilities, time is money. Delays cost dollars, blunt your competitive edge, and leave you with a building that's obsolete before it opens. Here's…
Abstract
When it comes to building new facilities, time is money. Delays cost dollars, blunt your competitive edge, and leave you with a building that's obsolete before it opens. Here's how to use functional programming, process‐oriented teams and good planning to keep your project on track and your company on budget.
In 1994, a leaked Buckinghamshire County Council report revealed that, for more than 10 years, former social worker Gordon Rowe had been beating, raping and neglecting the adults…
Abstract
In 1994, a leaked Buckinghamshire County Council report revealed that, for more than 10 years, former social worker Gordon Rowe had been beating, raping and neglecting the adults with learning difficulties who lived in the residential homes run by his company, Longcare. This paper explains how Rowe's regime was able to continue undetected for so long.
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Chris Hallinan and Steven Jackson
This chapter adopts a reflective approach exploring and setting out the contrasting factors that led to the establishment of the subdiscipline in both countries. The factors…
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This chapter adopts a reflective approach exploring and setting out the contrasting factors that led to the establishment of the subdiscipline in both countries. The factors included the role of key individuals and their respective academic backgrounds and specialisations within each country’s higher education system. Furthermore, attention is given to the particular circumstances in a case analysis comparison of the oldest programs in Aotearoa/New Zealand and Australia. This sheds light upon the factors linked to the disproportionate success profile for the sociology of sport in Aotearoa/New Zealand. An analysis of scholars and programs within each country reveals important differences aligned with the politics of funding and the variety and extent of systematic structures. Additionally, scholars’ specialisations and preferences reveal a broad offering but are primarily linked to globalisation, gender relations, indigeneity and race relations, social policy, and media studies. This work has been undertaken variously via the critical tradition including Birmingham School cultural studies, ethnographic and qualitative approaches and, more recently by some, a postmodern poststructuralist trend. Lastly, along with a brief discussion of current issues, future challenges are set out.
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I visited the universities of Sydney, Melbourne, and Adelaide, and the New South Wales University of Technology, and attended a week’s Seminar on Science in Australia at Canberra…
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I visited the universities of Sydney, Melbourne, and Adelaide, and the New South Wales University of Technology, and attended a week’s Seminar on Science in Australia at Canberra. At Canberra I had an opportunity to talk informally in the hotel lobby with a number of scientists from different universities as well as to listen to the formal discussions for five days. On that occasion I also had an opportunity to talk briefly with the Vice‐Chancellors of two of the three universities which I did not visit personally, namely, Currie of Western Australia an Hytten of Hobart. About the University of Queensland I am totally uninformed and it may possibly be an exception to all that follows, though if it were a marked exception it would seem that this fact would have been called to my attention in a number of the conversations. In addition to these direct sources of information about the academic world, my talks with some of the industrial leaders at Canberra, Sydney, Melbourne, with some of the political people of both parties, and one or two short comments by reporters and radio interviewers gave me some indication of the feeling of the general public about the universities. Likewise the controversy which has been quite acute in Sydney about the relation of the technical college to the University and the development of the New South Wales University of Technology threw a good deal of light on academic politics.
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DAVID ROWE, DEAN JOVIC and RICHARD REEVES
Capital matters to most corporations in free markets, but there are differences. Companies in non‐financial industries need equity capital mainly to support funding to buy…
Abstract
Capital matters to most corporations in free markets, but there are differences. Companies in non‐financial industries need equity capital mainly to support funding to buy property and to build or acquire production facilities and equipment to pursue new areas of business. While this is also true for financial institutions, their main focus is somewhat different. Banks actively evaluate and take risks on a daily basis as part of their core business processes. For example, the commercial lending business inherently involves weighing the credit risk of new loans and their associated mitigates. This involves analysis of the credit quality of the underlying obligor, the effectiveness of guarantees, collateral, cross‐default and other forms of credit protection. Today, however, best practice does not stop there. It also is necessary to evaluate the impact of portfolio diversification (e.g. in terms of geographical or industry concentration of exposures) and the degree of correlation among exposures on the bank's balance sheet. Another example is trading activity whereby a bank benefits from high trading volumes (by earning the bid/ask spread) and hopes to gain from proprietary net positions, but must bear some degree of market risk in the process.
Lisa Rowe, David Perrin and Tony Wall
In 2014, the UK Government introduced a new form of apprenticeship, the Degree Apprenticeship, which extends across all undergraduate degree and master’s degree levels, maps to…
Abstract
Purpose
In 2014, the UK Government introduced a new form of apprenticeship, the Degree Apprenticeship, which extends across all undergraduate degree and master’s degree levels, maps to professional standards, and which is now embedded within governmental levies of large businesses. The purpose of this paper is to share early experiences of developing these Degree Apprenticeships, and consider the processes deployed to achieve it.
Design/methodology/approach
This paper combines desk research with reflections on the experience of developing the new Degree Apprenticeships within higher education institutes (HEIs) and considers the implications of this upon current and emerging HEI practice and research.
Findings
There were a number of key resources which facilitated the approval of the Degree Apprenticeship, and these included a pre-existing, flexible work-based learning framework, the associated mechanisms of accreditation, existing professional networks, and a professionally oriented interface between the university, employer and professional body.
Research limitations/implications
As the context is currently at the early stages of implementation, and the policy context is rapidly changing in the context of Brexit, so too will the related scholarship. This means factors others than those highlighted within this paper may emerge over the coming year or two.
Practical implications
There are a number of practical implications for the development of Degree Apprenticeships from this research that are reflected in the findings, and include the development of flexible and collaborative processes, resources and networks.
Originality/value
This paper is one of the first published accounts of the development of a Degree Apprenticeship within the new policy context in the UK.
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From the opening salvo of Benjamin Ward's (1972) What's wrong with economics to Henry Woo's (1986) What's wrong with formalization in economics to Mark Blaug's (1999) “The…
Abstract
From the opening salvo of Benjamin Ward's (1972) What's wrong with economics to Henry Woo's (1986) What's wrong with formalization in economics to Mark Blaug's (1999) “The formalist revolution or what happened to orthodox economics after World War II?” the specter of mathematician David Hilbert has haunted economists's discussions of formalization and axiomatization.