Social and Behavioral Sciences Commons^™

Cross Country Heterogeneity Of Procyclicality Of Bank Loans: Evidence From Oecd Countries Using The Sure Model, Mateusz Pipień, Abhisek Anand

Journal of Banking and Financial Economics

Procyclicality of credit supply, which refers to the simultaneous movement of credit issued to the non-financial sector alongside economic activity indicators, can create a destabilizing feedback loop between the banking system and the real economy. The impact of credit supply on the financial and real sectors may vary across different economies, and the interconnectedness between countries can magnify the effect. We conducted research examining procyclicality of loans provided by banks, analyzing data at the country level for 13 OECD countries for over 16 years (2005–2020). Our research findings indicate that the parameters measuring the procyclical effect are statistically insignificant when …

Risks In Grantmaking: A Study Of Australian Foundations, Daniel Archibald, Reza Tajaddini, Mary Dunkley

The Foundation Review

In the pursuit of more effective giving, the nonprofit sector has been increasingly advocating for foundations to take on more risk in their grantmaking. This article investigates the risk experience in the charitable funding process and the approaches taken to mitigate unwanted risks. Failure to adequately manage such risks can negatively influence the legacy of a foundation and the effectiveness of the programs and projects it funds.

Particularly, this article contributes to the improvement of managing the risks that arise in the grantmaking process by identifying those key risks faced by different types of foundations, thus helping to prioritize the …

Risky Business: Reopening Recreational Sport Facilities During Covid-19, Leeann M. Lower-Hoppe, Annemarie Farrell, Alina Cioletti, Ali Talcott, Mackenzie Rector, Shea M. Brgoch, Robert J. Barcelona

Journal of Applied Sport Management

At the onset of COVID-19, sport and fitness administrators shut down facilities to mitigate viral spread. To reopen facilities, safety protocols and policies reflecting risk mitigation strategies were established. This case study adopted the International Standards Organization’s risk management framework to explore strategies for reopening collegiate recreational sport facilities during the pandemic. Document analysis was employed to analyze the reopening plans of four collegiate recreation departments across North America. The reopening plans focused on the risk assessment and treatment process and used a phased approach, with strategies moving from risk avoidance to risk reduction and transfer. Common risk management strategies …

The Power Of Protective Factors: A Framework For Mental Health Action And Education, Rich Stowell

Journal of Nonprofit Innovation

Mental health advocates, practitioners, and research have long used the framework of risk factors and protective factors to understand mental health. This article examines the origins of the concept of protective factors and describes how it contributes to the applications of resources in the mental health space.

Protect Your Patients And Yourself: The Complete And Honest Medical History, Mitchell Gardiner Dmd

The Journal of the Michigan Dental Association

This feature article emphasizes the critical role of obtaining a complete and honest medical history in dental practice. Reflecting on the evolution of clinicians' diligence since dental school, the article underscores the potential risks associated with inadequate medical histories. The legal and ethical responsibilities in gathering comprehensive patient information are highlighted, emphasizing the impact on patient well-being and the dentist's vulnerability to legal challenges. The complexities of patients' truthfulness, especially regarding sensitive topics, are discussed, urging clinicians to establish trust for accurate disclosures. The article concludes with practical recommendations, stressing the ongoing need for thorough medical history reviews and the …

Lessons Learned: Greg Feldberg, Sandra Ward, Rosalind Z. Wiggins

Journal of Financial Crises

Greg Feldberg was a senior supervisory financial analyst at the Board of Governors of the Federal Reserve experienced in regulating large banks when he was recruited to the Financial Crisis Inquiry Commission (FCIC) where he worked from 2010-11, becoming its Director of Research. The FCIC was a bipartisan commission charged with investigating the causes of the global financial crisis of 2007-09. Feldberg shared thoughts about some of the challenges faced by the commission and why its report is important. This "Lessons Learned" is based on an interview with Mr. Feldberg.

Understudied And Underfunded: Potential Causes Of Mass Shootings And Implications For Counseling Research, Rebecca G. Cowan, Rebekah F. Cole

Journal of Sustainable Social Change

Mass shootings are becoming more commonplace in our society. Despite this increase in frequency, research on mass violence has lagged behind due to halted federal research funding. Counselors and other mental health professionals find themselves at the forefront of this issue due to the contentious debate surrounding the intersection of mental health issues and mass shootings. The purpose of this article is to increase awareness of the cause of this dearth of research, examine what is currently known in the limited scholarly literature, and discuss what still needs to be explored. Implications for positive social change and advocacy efforts are …

Towards A “Rescue Ready” Mindset: Can Lifeguard Teams Learn Lessons From The Attributes Of Chronic Unease?, Billy Rj Doyle, Jonathon Webber

International Journal of Aquatic Research and Education

Highly Reliable Organisations (HROs) are safety-centric organisations that operate in complex environments alongside risky technologies and processes. There is a high risk of catastrophe and error in these settings, the consequences of which may result in loss of life, financial cost, and damage to the environment. “Chronic unease” is a concept originally adopted by Royal Dutch Shell describing a mindset that has five predictable attributes that contribute to an individual’s and organisational safety culture. The authors of this paper describe the attributes of chronic unease in the context of lifeguard operations. A case study of a dangerous and dynamic rescue …

Jpmorgan Chase London Whale E: Supervisory Oversight, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

As a diversified financial service provider and the largest United States bank holding company, JPMorgan Chase (JPM) is supervised by multiple regulatory agencies. JPM’s commercial bank subsidiaries hold a national charter and therefore are regulated by the Office of the Comptroller of the Currency (OCC). Since the bank’s Chief Investment Office (CIO) invested the surplus deposits of JPM’s commercial bank units, the OCC was also CIO’s primary regulator. During the critical period from late January through March 2012, when CIO traders undertook the failed derivatives strategy that ultimately cost the bank $6 billion, JPM did not provide the OCC with …

Vulnerability To Poverty Of Rural Farm Households In Thailand, Thitiwan Sricharoen

Asian Review

This research intends to estimate vulnerability to poverty, specify vulnerable groups and identify strategies that households use to address the exposure to risk of rural farm households in Northeastern and Northern Thailand. This study was conducted in four provinces of Thailand in the Northeastern region (Kalasin and Buri Ram provinces) and the Northern region (Chiangmai and Nan provinces). Data on a total of 1,400 households was collected in the year 2014. The research methodology applied was the feasible generalized least square (FGLS) method, which was employed to determine how log consumption impacts the welfare status of households. The result on …

The Lehman Brothers Bankruptcy B: Risk Limits And Stress Tests, Rosalind Z. Wiggins, Andrew Metrick

Journal of Financial Crises

Investment banks are in the business of taking calculated risks. Risk management infrastructure facilitates the safe pursuit of profits and the balancing of associated risks. By 2006, Lehman Brothers was thought to have a very respectable risk management system, and even its regulator, the Securities and Exchange Commission, viewed its risk framework as being fully compliant with regulatory requirements. In its public disclosures, Lehman characterized its risk controls as “meaningful constraints on its risk taking” and evidence of its continued financial stability. Beginning in late 2006, however, Lehman began dismantling its carefully crafted risk management framework as it pursued a …

Dealing With Risks And Uncertainties In Agriculture: Implications For Central Bank Of Nigeria Interventions, Polycarp, Ishaku Mikloda, Jirgi Abigail John

Bullion

The paper discusses key areas in dealing with risks in agriculture which involves much more than dealing with risky events after they occur but through a coordinated risk management processes like establishing the context, risk identification, risk analysis and other quantitative analytical tools. The key institutional risk sharing systems like credit guarantee and insurance schemes were presented with their merits and demerits.

Risk Management Practices At University Clinics In Communication Sciences And Disorders, Dorothy Neave-Ditoro, Donald A. Vogel, Susan E. Wortsman, Paul W. Cascella

Teaching and Learning in Communication Sciences & Disorders

This study surveyed university clinic directors of audiology and speech-language pathology programs throughout the United States, and identified the content and risk management (RM) practices embedded into graduate curricula. One hundred and two (102) respondents provided information, via an electronic survey, about their campus and departmental RM practices. More than half of the programs reported embedding RM concepts into at least one graduate course yet only slightly above half of the programs assessed students’ RM knowledge. Pre-professional students were most often trained in protecting patient’s privacy and fire drills. Approximately one-third participated in university-wide programs, and 11 of the 102 …

Risk Management Of Lead And Arsenic Poisoning In Children Through Public Participation In Communities Near Abandoned Tin Mine, Southern Thailand, Anchalee Pongkaset, Banchong Witthayawirasak

Applied Environmental Research

Tamtalu Subdistrict, Bannangsta District in Yala Province, southern Thailand was the site of an abandoned tin mine, and was contaminated by lead and arsenic from the mine tailings. As children are a high risk group from these highly toxic contaminants, this study aimed to identify approaches to reduce children's exposure in the area. The study was conducted through participatory action research (PAR) to empower the community strengthen sustainable risk management. The participants were local public health officials, public health volunteers, parents of local children and local community leaders. The participants were engaged in activities relating to risk communication, training on …

Transforming The Insurance Sector In Nigeriain Using The Fss 2020 Platform, Chris O. Muo

Bullion

The National lnsurance Commission (NAICOM) is the statutory Regulatory body of insurance business created to ensure the effective administration, supervision and regulation of insurance business and regulate transactions between insurers and reinsurers within and outside Nigeria. FSS 2020 Insurance Sector, in collaboration with NAICOM aims to deepen the insurance market; ensure lnsurance credibility and protect policy holders; Embed governance and risk management framework for the lnsurance Companies; Enhance access to finance (financial inclusion) with business development support and new products; and risk-based capitalization of lnsurance Companies.

Foundations Don’T Know What They’Re Risking, Maya Winkelstein, Shelley Whelpton

The Foundation Review

Critical gaps exist in philanthropy’s definitions of and approach to risk management. This article describes the scope of the problem and a framework for philanthropists to adopt risk-management practices that better equip the sector to address the challenges of our time.

In 2015, the Open Road Alliance surveyed hundreds of funders and grantees to explore questions about risk and contingency funding. The next year, Open Road partnered with Arabella Advisors for a qualitative analysis of existing foundation policies and procedures related to risk. The combined results suggest a need for contingency funding – and a lack among most funders and …

A Risk Assessment Study At The University Of South Alabama Libraries, Richard J. Wood, Mary Duffy

The Southeastern Librarian

Prior to receiving a memorandum from the Director of Risk Management that the libraries would be included in a university-wide risk assessment study, the authors’ only contacts with the director had to do with art works housed in the library and the amount of money kept on-hand at the service desks. We believed that the Risk Assessment Office was primarily concerned with highly vulnerable programs such as the hospitals, pharmacies, athletics, the bookstore, and laboratories. The challenge for us now would be to develop a comprehensive assessment of risks in library facilities and operations from acquisitions and cataloging to circulation, …

Moral Hazard And Mispriced Systemic Risk In The Lead-Up To The 2007 Subprime Mortgage Crisis In The United States, Georgi Rusinov

Undergraduate Economic Review

The 2007 subprime crisis was caused by high demand for subprime mortgage products underpinned by the unrealistic assumption that property prices would keep rising indefinitely. The subprime mortgage market worked as expected as long as prices were rising and demand for property was high. When these two conditions were violated and the housing bubble collapsed, the system became dysfunctional, many subprime borrowers defaulted, and mortgage-backed securities lost much of their value. Prevention could have been achieved through regulatory measures to shift the risk back from taxpayers and investors to loan originators. Fair distribution of risk should be the main objective …

Determination Towards Decision Of Public Response In Flood Situation: Case Study In Urban Flood Prone Area In Central Region In Thailand, I-Soon Raungratanaamporn

Applied Environmental Research

Public involvement has become a crucial part in increasing the efficiency of disaster management activities nowadays. In particular, collaboration between civil society and municipalities emerge in disaster situations because uncertainties in personal perception compel them to do so more than their own willingness to involved in disaster management activity. Since this appears to have occurred as a response to the 2011 flood situation in Thailand, the question is how a successful was this collaboration? The aim of this research is to identify factors influencing people's involvement in disaster management activity. The two study objectivesare as follows: (1) to elucidate the …

Measurement Of The Effect Of Policy Changes On Volatility In Dairy Markets1, Eoin Kelly, Declan O'Connor, Michael Keane

Irish Business Journal

Volatility in dairy commodity markets has become a major concern for many in the dairy supply chain and is likely to remain so in the future. Changes to the Common Agricultural Policy (CAP) over the past decade have more closely aligned EU and World prices and their associated volatilities. The aim of this paper is to measure volatility at farm level in Ireland over time, identify possible reasons for the increased volatility and identify ways of reducing volatility. Statistical measures such as coefficient of variation (CV) and annualised standard deviation are used to provide measures of past volatility and its …

Prevention Is Better Than Prosecution: Deepening The Defence Against Cyber Crime, Jacqueline Fick

Journal of Digital Forensics, Security and Law

In the paper the author proposes that effectively and efficiently addressing cyber crime requires a shift in paradigm. For businesses and government departments alike the focus should be on prevention, rather than the prosecution of cyber criminals. The Defence in Depth strategy poses a practical solution for achieving Information Assurance in today’s highly networked environments. In a world where “absolute security” is an unachievable goal, the concept of Information Assurance poses significant benefits to securing one of an organization’s most valuable assets: Information. It will be argued that the approach of achieving Information Assurance within an organisation, coupled with the …

The Implementation Of Basie Ii: Issues, Challenges And Implications For Nigeria., O. K. Ibedu

Economic and Financial Review

The significant development of Basle II throughout the world has meant that financial institutions and insurance companies must manage and measure risk in new ways. This paper is intended to provide the participants at the Executive Seminar with a firm foundation of the state of Basle II Accord principles and provide the tools and techniques to grapple with its implementation. This paper is divided into eight parts. Following this introduction, Part 2 discusses the necessity for a capital accord, the emergence of Basle I and the Basle II Accord. Part 3 discusses in brief the concept of Risk Management and …

Special Remarks At The Seminar On: "Financial Sector Developments: Challenges For Risk Based Supervision And Effective Monetary Policy Implementation, C. N. Mordi O.

Economic and Financial Review

This is the Special remarks.at the opening ceremony of the 16th edition of the annual in-house Executive Policy Seminar organized by the Research Department, in collaboration with the Human Resources Department. As usual, the seminar is aimed at availing the Executives of the Bank the opportunity of brainstorming on contemporary economic issues in the economy and the globe at large. In this respect, the theme of this year's Seminar "Financial Sector Development: Challenges for Risk-Based Supervision and Effectiveness of Monetary Policy Implementation" could not have come at a more opportune time, given the current financial meltdown ravaging global markets. This …

How Relevant Is Risk-Based Supervision For Pension Funds: The Regulators Perspective., Musa A. Ibrahim

Economic and Financial Review

Over the past two decades, privately managed pension systems have expanded greatly to play a central role in the provision of retirement income worldwide. The design and operation of these systems vary extensively, but the basic reason for their adoption remains unique across the board: countries need to provide affordable and sustainable income for their retired citizens. Achieving this objective becomes a challenging task in the face of the uncertainties created by globalization and rapid integration of financial markets. The utilization of risk-based methods originates primarily in the supervision of banks. In recent years, it has increasingly been extended to …

Investments And Risk Management Under The New Pension Scheme., Luka A. Dalang

Bullion

Pension today, has become a topical issue. one that has engaged the commitment of government, attention of employers and workers not only in Nigeria but also in many developing and emerging economies of Africa, Asia and Latin America This paper discuss the trend of investments and pension schemes with its risks and challenges in Nigeria. The study however confirmed the non applicability of the financial reform theory hypothesized by McKinnon and Shaw in Nigeria.' . The National pension Commission guidelines as mentioned earlier, are designed to ensure transparency, integrity and objectivity in the vestment process. and to ensure that the …

Investments And Risk Management Under The New Pension Scheme, Atedo A. N. Peterside

Bullion

The Pension Reform Act 2004 ("the Act"), a compul sory contributory pension scheme ("the scheme ' or CPS") has been established for all the categories of workers in the Federal public service, Federal Capital Territory , and in the private sector ( 'applicable sectors'). This paper attempt to discuss and examine the issues of investment and risk management that are essential to the success of the new Scheme, and highlight some of the benefits and limitations of the contributory pension scheme and its investment and risk management framework. The study concluded that, the new CPS, it is also pertinent to …

Let Safety Be Your Guide: A Risk Management Perspective On Challenge Course Programming And Instructor Training, Jon-Scott N. Godsey, Monica L. Godsey

Research in Outdoor Education

The introduction of challenge courses to the public and private education sectors ushered in a new focus on construction and safety standards. The Association for Challenge Course Technologies (ACCT) currently pro.vides a series of standards related to challenge course construction techniques and appropriate materials and is paving the way for national standardization of challenge course practices and instructor training programs. While challenge course safety has improved significantly in the past forty years, there are still "antagonists who have claimed these programs lack safety and quality control", (p.65), resulting in a number of potential and actual accidents (Leemon & Erickson, 2000).

Five-Hundred Life-Saving Interventions And Their Misuse In The Debate Over Regulatory Reform, Lisa Heinzerling

RISK: Health, Safety & Environment (1990-2002)

The author argues that John D. Graham, administrator of the Office of Information and Regulatory Affairs, holds strong anti-environmental biases and has perpetuated and encouraged a misrepresentation of his own research, which has largely influenced health, safety, and environmental regulation.

Review Of: Social Trust And The Management Of Risk (George Cvetkovich & Ragnar E. Loftstedt, Eds.), Mahua Roy Chowdhury

RISK: Health, Safety & Environment (1990-2002)

Review of the book: Social Trust and the Management of Risk (George Cvetkovich & Ragnar E. Löfstedt, eds., Earthscan Publications Ltd. 1999). Tables, Figures, and Boxes, Acronyms and Abbreviations, Forward, Preface, Introduction, References, Index. ISBN 1-85383-604-4 [196 pp. $25.00. Paperback, 120 Pentonville Road, London, NI 9JN UK].

Review Of: Eckard Kämper, Decision Making Under Risk In Organisations: The Case Of German Waste Management, Jeremy S. Cleverly

RISK: Health, Safety & Environment (1990-2002)

Review of the book: Eckard K-Kämper, Decision Making Under Risk in Organisations: The Case of German Waste Management (Ashgate Publishing Co. 2000). Preface, Acknowledgements, Bibliography. ISBN 0-7546-1434-4 [183 pp. $69.95. Hardbound, 131 Main Street, Burlington, VT 05401- 5600].