Financial industry groups' adaptation to the post‐crisis regulatory environment: Changing approaches to the policy cycle

This article explores the advocacy efforts of financial industry groups since the financial crisis. I describe key changes in the post‐crisis financial regulatory environment and argue that financial industry groups have adapted their advocacy strategies to these new conditions in innovative ways. Faced with a more challenging environment, financial industry groups have shifted their emphasis along the different stages of the policy cycle. Specifically, increased issue salience and a strained policy network have weakened financial industry groups' capacity to veto regulatory proposals at the stage of actual policy formulation. Focusing on the advocacy strategies of the global banking and derivatives industries, I show evidence that the response has been to invest in more subtle advocacy strategies which focus on other stages of the policymaking cycle. Self‐regulatory moves attempt to affect the agenda setting stage of policymaking, and a strong focus on the timing, rather than the content of new regulations, has attempted to affect the implementation stage. Such a transformation of advocacy strategies differs sharply from most depictions of financial industry groups simply “blocking” regulatory change since the global financial crisis.     

A note on Beheiren

Abstract

It might be useful for Concerned Asian Scholars to be aware of what is probably the most active independent peace group in Japan — a country of peace groups. Like National Mobilization in this country, which it resembles in style and outlook, Beheiren (Japan “Peace for Vietnam!” Committee) emerged as a direct response to the American bombing of North Vietnam. Since its foundation on April 24, 1965, it has remained the only major group in Japan to focus its main energies on opposing the Vietnam War. This has meant publications (books, articles, newsletters — mostly in Japanese, but two fine booklets of translations of an Asahi series: Vietnam — A Voice from the Villages and The National Liberation Front by Honda Katsuichi), demonstrations, teachins, emissaries to Vietnam, international gatherings in Japan (among its guests have been David Dellinger, Ralph Featherstone, Jean-Paul Sartre, Howard Zinn, Joan Baez), anti-war ads in American newspapers, medicine to Hanoi, and, attracting the most international attention, assistance to American military men in Japan desiring to desert.     

mtDNAprofiler: A Web Application for the Nomenclature and Comparison of Human Mitochondrial DNA Sequences,

Mitochondrial DNA (mtDNA) is a valuable tool in the fields of forensic, population, and medical genetics. However, recording and comparing mtDNA control region or entire genome sequences would be difficult if researchers are not familiar with mtDNA nomenclature conventions. Therefore, mtDNAprofiler, a Web application, was designed for the analysis and comparison of mtDNA sequences in a string format or as a list of mtDNA single‐nucleotide polymorphisms (mtSNPs). mtDNAprofiler which comprises four mtDNA sequence‐analysis tools (mtDNA nomenclature, mtDNA assembly, mtSNP conversion, and mtSNP concordance‐check) supports not only the accurate analysis of mtDNA sequences via an automated nomenclature function, but also consistent management of mtSNP data via direct comparison and validity‐check functions. Since mtDNAprofiler consists of four tools that are associated with key steps of mtDNA sequence analysis, mtDNAprofiler will be helpful for researchers working with mtDNA. mtDNAprofiler is freely available at http://mtprofiler.yonsei.ac.kr .     

Impeachment and presidential politics in new democracies

Research on presidentialism has long assumed that presidential impeachment is a rare event, made difficult by design in order to enhance government stability. However, the experience of Third Wave democracies suggests that more presidents have been targets of impeachment attempts than the literature might lead us to expect. In this article I seek to identify the factors that make directly elected presidents more or less vulnerable to impeachment attempts in Third Wave presidential democracies from 1974 to 2003. I find several factors that mobilize deputies against the president: presidential involvement in political scandal, strong presidential powers, and a hostile civil society. Presidents are more likely to fend off such efforts when their party commands a higher share of seats. I also find that popular protest against a president helps to prompt a congressional impeachment drive. Frequent efforts to resolve presidential crises via such legal procedures may explain in part why extra-constitutional means of conflict resolution have become a less attractive option in new democracies.     

Constructing C.A.L. tutorials

ON THE assumption that law schools should seek to foster a legal profession which takes ethics seriously, this article explores how it may promote the moral development of its students. Having examined how legal education currently fails in this regards, it explores competing psychological theories of moral development and argues that law schools should seek to start students on a ‘moral apprenticeship’ leading to the development of the necessary moral character to equip them for the ethical challenges of practice. The article then looks at the extent to which ideal methods for promoting moral development can be implemented given the current climate in legal education. In particular, it argues that an excellent and viable means of assisting in the process of moral character development is through student involvement in live‐client clinics, particularly if they are run on an extra‐curricular basis.