The biggest corporate failure ever in British history occurred in 2008 with very little forewarning. The management of HBOS, a major national bank with a long history of prudence prior to the merger in 2001, were allowed to act incompetently. Auditors and regulators failed to act, ignoring a key senior whistleblower, and the 'competitive' stock market failed to spot management failure in time. The book is the first academic study of this collapse, uncovering some surprising evidence on the power and politics of large financial institutions. It details the processes and degrees to which financial challenge and regulation are undermined by this power. The research exposes a pro-active process of regulatory risk management by these institutions; the ease with which auditors and regulators can be captured; and how politicians and investors can be all too happy to hop on the stock market and management spin ride - with other people's money. The study questions the ideology and politics which supported and encouraged the management hubris, raising profound questions about the 'politics' of the academic disciplines of banking, finance and accounting today, and the theories they underpin. This account of management gone wrong is essential reading for students, researchers and professionals involved in banking, finance, credit infrastructure, economics, and management studies.
Deregulation has forced a whole new world of trading and risk management jargon onto the energy marketer. Wengler identifies the issues, discusses and analyzes them, and in checklist fashion prioritizes for managers what they must do to succeed despite diverse risks. Contents: The 'Top Ten Checklist' of things to do The bull, the bear, and the spark spread Risk management policies and procedures Starting with your risk-return strategy The risk roster: personalities and specialties Energy risk boot camp: 'must know' concepts for managers and directors The deal process: from the desk to delivery The portfolio process: starting with what have we got? And what do we want? Measuring risk: how might our portfolio change? Hedging: navigating toward our portfolio objectives Critical path IT Issues Looking forward: the next ten management issues Appendix Glossary Index.
Regulating Workplace Risks is a study of regulatory inspection of occupational health and safety (OHS) and its management in five countries - Australia, Canada (Quebec), France, Sweden and the UK - during a time of major change. It examines the implications of the shift from specification to process based regulation, in which attention has been increasingly directed to the means of managing OHS more systematically at a time in which a major restructuring of work has occurred in response to the globalised economy. These changes provide both the context and material for a wider discussion of the nature of regulation and regulatory inspection and their role in protecting the health, safety and well-being of workers in advanced market economies. With its comparative nature and empirical studies, this book will appeal to OHS policy makers and regulators all over the world, as well as students in the field of occupational health and safety regulation internationally.
The area claimed by the British Empire as Western Australia was primarily colonized through two major thrusts: the development of the Swan River Colony to the southwest in 1829, and the 1863 movement of Australian born settlers to colonize the northwest region.
The Western Australian story is overwhelmingly the story of the spread of market capitalism, a narrative which is at the foundation of modern western world economy and culture. Due to the timing of settlement in Western Australia there was a lack of older infrastructure patterns based on industrial capitalism to evoke geographical inertia to modify and deform the newer system in many ways making the systemic patterns which grew out of market capitalist forces clearer and easier to delineate than in older settlement areas. However, the struggle between the forces of market capitalism, settlers and indigenous Australians over space, labor, physical and economic resources and power relationships are both unique to place and time and universal in allowing an understanding of how such complicated regional, interregional and global forces shape a settler society.
Through an examination of historical records, town layout and architecture, landscape analysis, excavation data, and material culture analysis, the author created a nuanced understanding of the social, economic, and cultural developments that took place during this dynamic period in Australian history.
In examining this complex settlement history, the author employed several different research methodologies in parallel, to create a comprehensive understanding of the area. Her research techniques will be invaluable to researchers struggling to understand similarly complex sociocultural evolutions throughout the globe.
An integrated coverage of probability, statistics, Monte Carlo simulation, inferential statistics, design of experiments, systems reliability, fitting random data to models, analysis of variance, stochastic processes, and stochastic differential equations for engineers and scientists. The author for first time presents an introduction to the broad field of applied engineering uncertainty analysis in one comprehensive, friendly, coverage.
Each concept is illustrated with several examples of relevance in engineering applications (no cards, colored balls, or dice):
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