The purpose of this paper is to explain a new directive of the European Union adopted by the European Parliament on May 6 that governs, among other things, the amount of capital…
Abstract
Purpose
The purpose of this paper is to explain a new directive of the European Union adopted by the European Parliament on May 6 that governs, among other things, the amount of capital that banks and other credit institutions are required to hold in respect of credit risk.
Design/methodology/approach
The paper explains the background to the 5 percent retention agreement, outlines provisions of the new Article 122a, explains exemptions to the 5 percent retention, and discusses additional requirements for investing and originating credit institutions.
Findings
The amended Capital Requirements Directive requires investing credit institutions to demonstrate to their regulators that they understand the risks and valuations of their securitization positions, and have detailed performance and monitoring systems in place. Originators and sponsors will also have to comply with significant new disclosure rules, and originators will be required to align their lending criteria for securitized exposures with loans made for their own banking book. Further amendments are in prospect.
Originality/value
The paper presents practical guidance by experienced securities lawyers.
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To describe the role of teaching “the paragraph” in furthering literacy goals. The study considers one concept, the Claim-Support-Conclusion Paragraph (CSC) as a curricular and…
Abstract
Purpose
To describe the role of teaching “the paragraph” in furthering literacy goals. The study considers one concept, the Claim-Support-Conclusion Paragraph (CSC) as a curricular and pedagogic intervention supporting writing and academic success for the marginalized students in two classrooms.
Design/methodology/approach
While this study corresponds to a gap in the literature of writing instruction (and paragraphing), it takes as its model the development of comprehensive collaborations where researcher-scholars embed themselves in the real practices of school classrooms. A fully-fledged partnership between researcher, practitioners, is characteristic of “practice embedded educational research,” or PEER (Snow, 2015), with analysis of data following qualitative and case study methodology.
Findings
Practice-embedded research in this partnership consistently revealed several important themes, including the effective use of the CSC paragraph functions as a critical common denominator across rich curricular choices. Extensive use of writing practice drives increased literacy fluency for struggling students, and writing practice can be highly integrated with reading practice. Effective writing instruction likely includes analytic and interpretive purposes, as well as personal, aesthetic writing, and teaching good paragraphing is intertwined with all of these genres in a community that values writing routines.
Practical implications
Greater academic success for the marginalized students in their classroom necessitates the use of a variety of scaffolds, and writing instruction can include the CSC paragraph as a means to develop academic literacies, including argumentation. Collaborative and innovative work with curriculum within a PEER model may have affordances for developing practitioner and researcher knowledge about writing instruction.
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Shirleyana Shirleyana, Scott Hawken and Riza Yosia Sunindijo
The purpose of this paper is to bring a new perspective on the meaning of resilience in Indonesia’s main urban settlement type, known as kampung. The paper reviews kampung in…
Abstract
Purpose
The purpose of this paper is to bring a new perspective on the meaning of resilience in Indonesia’s main urban settlement type, known as kampung. The paper reviews kampung in major urban centres in Indonesia, but focuses on a case study of Surabaya, Indonesia’s second largest city. Despite effectively accommodating the majority of Surabaya’s population, kampung inhabitants are stigmatised and kampung are viewed as slum-like habitats. Such a pejorative view neglects to consider the importance of kampung and ignores their inherent and potential resilience. It is important to study both the risks and resilience of kampung so that they can be developed to address social, economic and environmental vulnerabilities in Southeast Asian cities.
Design/methodology/approach
A comprehensive literature review was conducted to identify the risks and resilience of kampung. Key themes were mapped from the literature and used to construct a framework for understanding and enhancing resilience within this distinctive vernacular settlement type. In addition, a place-based approach constructed from remote sensing and field studies provide a deeper understanding of the structure of this urban settlement type.
Findings
Kampung play an important role in housing the majority of Surabaya’s population and are an intrinsic part of the city’s urban structure. The characteristics and conditions of kampung vary throughout Indonesia. Surabaya has a variety of kampung types which demonstrates distinctive forms of both risk and resilience. This research finds that there are many positive dimensions of kampung and that this vital form of settlement is well suited to support the growth and sustainability of Southeast Asia’s emerging megacities.
Research limitations/implications
This paper evaluates the current state of knowledge on risk and resilience of kampung within Surabaya. To gain a clearer understanding of why kampung are resilient, long-term field work and deeper analysis of kampung, in particular the social and physical structures, are needed.
Practical implications
Planning for high-density urban development needs to integrate kampung as a part of existing and new urban settlements to accommodate diverse populations.
Originality/value
This paper demonstrates that knowledge on kampung resilience is relevant to the adaptation of existing urban settlements and the future development of new urban settlements. This paper contributes a clearer understanding of why kampung in Surabaya are not slums and establishes a framework that supports the development of kampung as a resilient and functional settlement type in current and future urban developments. Considering the large and rapidly growing populations who depend on kampung in the Southeast Asian region, this research is of considerable significance.
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Corporate downsizing has destroyed millions of well‐paying jobs just in the USA. The psychological, medical, and social costs are staggering. Families are fragmented, communities…
Abstract
Corporate downsizing has destroyed millions of well‐paying jobs just in the USA. The psychological, medical, and social costs are staggering. Families are fragmented, communities impoverished, democracies weakened by oligopolistic, plutocratic corporarchies, and Third World nations recolonized and their subsistence economies decimated. Most of the employee survivors of this economic and class warfare are working longer and harder and are suffering various stress, burnout, and psychiatric symptoms. In addition to intense global competition, cheap foreign labour, and superefficient technologies, there are psychocultural factors contributing to the “jobless economy”: executive ambition, greed, power‐lust, and winner‐take‐all ideologies. Solutions include changes in tax and other federal policies, restrictive corporate charters, shorter workweeks, community development programmes, and co‐operative, employee‐owned enterprises. The learning organization and fourth‐wave business suggest an evolutionary paradigm for the twenty‐first century based on global responsibility, economic justice, a new bottom line, and a restoration of meaningful, sustainable work.
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James D. Ludema, Chris Laszlo and Kevin D. Lynch
The creation of sustainable value has become a key driver of competitive advantage for many companies. The field of organization development and change can assist these companies…
Abstract
The creation of sustainable value has become a key driver of competitive advantage for many companies. The field of organization development and change can assist these companies because it provides the theories, research, models, and tools they need to embed sustainability into their core business practices. In this chapter, we provide a brief history of sustainable value, demonstrate how and why it is an important source of competitive advantage, and describe five core capabilities companies need to embed sustainability throughout their organizations. We use case examples to illustrate these ideas and conclude with implications for research and practice.
Natasha A. Frost and Todd R. Clear
Prison populations in the United States have increased in every year since 1973 – during depressions and in times of economic growth, with rising and falling crime rates, and in…
Abstract
Prison populations in the United States have increased in every year since 1973 – during depressions and in times of economic growth, with rising and falling crime rates, and in times of war and peace. Accomplishing this historically unprecedented penal pattern has required a serious policy agenda that has remained focused on punishment as a goal for more than a generation. This paper seeks to understand that policy orientation from the framework of a social experiment. It explores the following questions: how does the penal experiment – which we have called the Punishment Imperative – compare to other “grand” social experiments? What were its assumptions? What forms did the experiment take? What lessons can be learned from it? What is the future of the grand social experiment in mass incarceration?
This preliminary survey begins to probe a few purposes and practices of “Earth System Science” to rethink the ways in which Nature is “taken into account” by this new…
Abstract
This preliminary survey begins to probe a few purposes and practices of “Earth System Science” to rethink the ways in which Nature is “taken into account” by this new power/knowledge formation. The workings of “environmentality,” or green governmentality (Luke, 1999c), and the dispositions of environmental accountancy regimes depend increasingly on the development and deployment of such reconceptualized interdisciplinary sciences (Briden & Downing, 2002). These practices have gained much more cohesion as a technoscience network since 2001 Amsterdam Conference on Global Climate Change Open Science. Due to its brevity, this study is neither an exhaustive history nor an extensive sociology of either Earth System Science or the new post-2001 Earth System Science Partnership (ESSP), which acquired new legitimacy during and after this professional-technical congress. Instead this critique reexamines these disciplinary developments to explore the curious condition of their rapid assembly and gradual acceptance as credible technoscience formations. This reevaluation allows one, at the same time, to speculate about the emergent interests hoping to gain hold over such power/knowledge programs for managing security, territory, and population on a planetary scale (Burchell, Gordon, & Miller, 1991; Foucault, 1991c, pp. 87–104).