Constructing and contesting City of London power: NGOs and the emergence of noisier financial politics

Existing literature on the City of London has tended to focus on its ‘structural power’, while neglecting political and narrative agency. This paper acts as a corrective by presenting evidence to show that since the financial crash of 2008 the political terrain the City operates on has become more contested, crowded and noisier. The contribution develops a middle course between a positive assessment of the role of civil society in relation to global finance, and a more pessimistic reading. We demonstrate how macro-narratives and public story-telling both construct and contest City and financial sector power. In a new pattern since the financial crash, NGOs have moved from campaigns of limited duration and narrow focus, to a more sustained presence on macro-structural issues. Adopting a supply–demand framework for assessing governance and regulatory change, we look at the emergence of TheCityUK as a new advocacy arm and the strategies of three of the more prominent and focused NGOs that have mobilized in the aftermath of the crash: the Tax Justice Network’s (TJN) use of the ‘finance curse’; Positive Money on private endogenous money creation; and Finance Watch counterweight strategies at the level of the European Union. We suggest these mobilizations highlight the need for a more concerted and orchestrated construction of a global institutional civil society infrastructure in finance (a global financial public sphere) to achieve greater access, resources, scrutiny and oversight for a range of specialist expert NGOs.     

Outcome of suicidal ideation and behavior in a young, help-seeking population over a 2-year period

Suicidal behavior is associated with negative outcomes, including completed suicide. This study examined the prevalence of suicidal behavior in a sample of referrals to a youth psychiatric service and investigated the stability of suicidality over 2 years. Of the 140 people (mean age 17.8) who were referred to a youth psychiatric service, 82 who were accepted for treatment (RA group) and 58 who were not accepted (RNA group) were assessed; 57% reported considering suicide and 39% reported attempting suicide in the 12 months prior to referral. Participants who reported suicidal ideation were significantly more likely than nonsuicidal participants to have multiple Axis I diagnoses and lower levels of functioning. At the 2-year follow-up there was a significant reduction in suicidality in the RA group, but not in the RNA group. In conclusion, suicidality is prevalent among young people referred to psychiatric services. Even brief contact with services results in a reduction in suicidality over 2 years.     

Researching the use of force: the background to the international project

This article provides the background to an international project on use of force by the police that was carried out in seven countries. Force is often considered to be the defining characteristic of policing and much research has been conducted on the determinants, prevalence and control of the use of force, particularly in the United States. However, little work has looked at police officers’ own views on the use of force, in particular the way in which they justify it. Using a hypothetical encounter developed for this project, researchers in each country conducted focus groups with police officers in which they were encouraged to talk about the use of force. The results show interesting similarities and differences across countries and demonstrate the value of using this kind of research focus and methodology.

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Banks and the Communities They Serve: Time to Legislate?

In March 2007 HM Treasury published its latest thoughts on Financial Inclusion (HM Treasury Financial inclusion: The way forward, 2007), highlighting that after 10 years of activity in this area there is still growing evidence that the market is not meeting everyone’s needs, with significant numbers of people not able to access basic financial services such as credit. This continues alongside media stories of further bank branch closures in some areas, branches for high income earners only in others and the continuing controversy surrounding charges. This article will, with reference to the UK government’s financial inclusion agenda assess whether the time has come to implement legislation mandating that UK credit institutions have regard to customers needs when making decisions that could affect those most at risk from restricted access to financial services. These needs can include both access to affordable credit and access to financial services, such as bank accounts. The paper will use as a comparator the much talked about United States Community Reinvestment Act, enacted in 1977 and since amended, hailed (Barr New York University Law Review 80:513, 2005) and criticised (Macey and Miller Virginia Law Review 78:291, 1993) in equal measures, designed to ensure that depository institutions meet the credit needs of the communities they serve, particularly low and moderate income areas. Although not designed to tackle the perceived problems identified by the UK government, would enactment of similar legislation do more to achieve these aims that the activities undertaken so far. The article proposes that one way in which to improve the fight against financial exclusion is to improve the disclosure requirements of financial institutions, forcing them, where necessary, to provide data on lending patterns in disadvantaged areas.

I know how you feel: the influence of psychopathic traits on the ability to identify micro-expressions

Few studies have examined the manner in which individuals view, interact with, and manipulate others, or their ability to identify and respond to others’ emotional cues. More specifically, no research has examined the capacity of individuals high in psychopathic traits to perceive and recognize extremely fleeting emotional expressions (i.e. micro-expressions) that could allow them to infer emotional vulnerability in others. The current study examined whether psychopathic traits [measured via the Self-Report Psychopathy Scale-4 (SRP-4); Paulhus, D. L., Neumann, C. S., & Hare, R. D. (2016). Manual for the Self-Report Psychopathy Scale (4th ed.). Toronto: Multi-Health Systems] were associated with the ability to identify micro-expressions in others. Participants (N?=?132) viewed videos of 1/25th second micro-expressions and attempted to identify the displayed emotion. The results indicated that SRP scores were positively associated with a heightened ability to identify sadness micro-expressions, particularly among observers who were women. Additionally, various SRP subscales were related to emotion selection tendencies and accuracy rates, which also differed between the sexes.     

Accountability,responsiveness and public sector productivity

Abstract. At present, the federal government is actively urging its public service managers to do four things: 1/ take firm control of public service activities in seeking ‘value for money’ productivity; 2/ accept responsibility for the timeliness and quality of the services they provide to their special publics; 3/ take positive steps toward upgrading their competence as managers and, within these steps, to develop and display a professional integrity and commitment to managing; and 4/ support moves toward a system of accountable management, built around the concept of up-the-line responsibility. Developing his position from the Friedrich-Finer debate of the early 1940s, the author states there are strong tensions inherent in such a mix of expectations. He further states that the initiatives giving rise to the expectations are confronting a public service inadequately prepared to respond, with the possible consequences of a most adverse effect on public service morale. The paper seeks to help managers cope with the new challenges through clarifying the nature of the initiatives and presenting an approach designed to bring accountability and responsiveness into manageable harmony. Sommaire. En ce moment, le gouvernement fédéral encourage les gestionnaires à faire quatre choses: 1/ exercer un contrôle ferme des activités de la fonction publique afin de stimuler la productivité 2/ accepter la responsabilité de ?à-propos et de la qualité des services offerts à leur clientèle; 3/ prendre les mesures appropriées afin ?améliorer leur compétence comme gestionnaires et, par ces démarches, développer leur intégrité professionnelle et leur engagement comme administrateur; et 4/ appuyer leurs démarches en vue ?un système responsable de gestion, basé sur le concept de la responsabilité. En développant sa façon de voir à partir de débats Friedrich-Finer depuis le début des années 40, ?auteur constate qu'il y a de fortes tensions inhérentes a un tel mélange ?attentes. II constate, de plus, que la fonction publique n'est pas préparée adéquatement à répondre à ces initiatives, une telle situation pouvant susciter des effets néfastes sur le moral de la fonction publique. ?article se propose ?aider les gestionnaires à faire face à ces nouveaux défis en clarifiant la nature des initiatives suggéiées. ?article suggère une approche pouvant faciliter ?harmonie entre responsabilité et flexibilité.