Ensuring regulatory compliance in banking and finance through effective controls: The principle of duality in the segregation of duties

Today the segregation of duties is commonly used to ensure regulatory compliance in various industries. This article considers the organizational requirements for the effective implementation of this principle, through an examination of a duality‐based segregation‐of‐duties type control system and its fundamental characteristics. Cases from the Swedish banking and finance sector are discussed to show how breakdowns in duality‐based systems have compromised compliance and even encouraged crime, and how crimes could be carried out in practice. Particular attention is paid to the critical role that gullibility, loyalty, and dependency relations among employees played in these cases, in leading control persons to neglect their responsibility to review and approve their colleagues’ work, while bringing no consequences for their ability to carry on performing their work tasks. The argument is made that an effective duality‐based segregation‐of‐duties type control system presupposes social relations characterized by relative autonomy and third‐party dependence, along with work task interdependence.     

Clientelism,corruption, and the allocation of resources

Corruption has been shown to have more serious effects upon allocation than simply drawing resources into rent-seeking activities. If politicians anticipate gains from corruption in the policy making process, sub-optimal policies will be the result. Typical examples include excessive nationalization of industry, excessive regulation of the private sector through practices such as licensing and quotas with a view to extract the rent created by these measures. In addition, further misallocation will result at the execution state. It has been shown that the revisionists were wrong in assuming that licenses and contracts will be allocated to the most efficient producers, that rent will be eliminated in government employment, and that corruption increases the efficiency of the bureaucracy. Moreover, differential access to government services leads to additional allocative losses.     

Proteinase K challenged by a novel protease

Proteinase K is used in forensic DNA extraction methods for cell lysis and degradation of proteins. Here we compare Proteinase K with a novel protease. We conclude that there is no need to exchange Proteinase K in our methods.     

工业变迁与台湾的无产阶级化历程

过去30年期间发生于台湾的工业化历程,伴随着规模和速度都非同寻常的无产阶级化历程。本文分析了台湾的无产阶级化模式,检视了台湾新兴的工人阶级的人口学与社会特征。台湾工业化过程的一个显著特点,是工业发展在地理上的分散,且以小企业为主导。这有助于台湾的第一代产业工人顺利适应工业性质的工作;但是,这也延缓了强烈的工人认同的发育和工人阶级运动的发展。     

Environmental Policy as Democratic Proclamation and Corporatist Implementation: A Comparative Study of Environmental Taxation in the Electricity Sector in the Nordic Countries as of 1994

The Nordic countries generally rank as one of the forerunners of environmental policies and figure in the front line with the most ambitious policy goals in international fora. However, since effective environmental action, for instance through environmental taxation, generally puts a burden on industry, a unilateral introduction of environmental measures by one or a few nations may seriously affect their industrial competitiveness, given an open and competitive economy. Given their persistent and often unilateral avant-garde environmental engagement, the paper discusses how the Nordic countries deal with this dilemma. Theoretically, the paper seeks an answer by recursion to Rokkan's famous distinction between functional and electoral/numerical politics. Empirically the paper finds support for the Rokkan perspective through a systematic analysis of Nordic environmental taxation policies, documenting that the two channels of policy making do indeed produce different results that are compatible with a dual-policy solution to the prisoners' dilemma of avant-garde environmental politics.