An Overview of Financial E-Commerce

This study examines the benefits and problems arising from the electronic brokerage services and the electronic investment banking processes. Some important benefits of the electronic financial services include greater transparency, more unprecedented opportunities for innovation and competition increase in trading volume, and creative methods for risk reduction. Problems about online broker-dealers and electronic investment banking include lack of direct contact between investor and broker, and glitches in the technology that inconvenient the end users. In the equity market, the channel of distribution through online IPO is limited when compared to traditional pubic offering through underwriters. One important problem with financial e-commerce is the security and privacy problem. The security issue of online trading business can be divided into two parts: hardware security and software security. Hardware security problems involve network corruption, system crash, communication problem between networking servers and execution servers. Software security problems involve hacking, insider fraud, and account information theft. Brokerage firms use multiple security mechanisms to deal with these problems. These security mechanisms include: (1) Account and password control. This is the basic security control. (2) Encryption of transaction data. Transmission of data online always involves security flows. Government as well as online financial service providers needs to take responsibilities to educate and communicate with investors to help them understand the benefits and risks of electronic financial services. To create a healthy investment environment is also vital to the future development of an electronic equity market

Retirement Security: Improved Guidance Could Help Account Owners Understand the Risks of Investing in Unconventional Assets

[Excerpt] Federal law places few restrictions on the types of investments allowable in tax-favored retirement accounts, such as IRAs or employer-sponsored 401(k) plans. Recent federal and state investigations and litigation have raised questions as to whether investing in unconventional assets may jeopardize the accounts’ tax-favored status, placing account owners’ retirement security at risk. GAO was asked to examine issues related to the potential risks and responsibilities associated with investments in unconventional assets. GAO examined: (1) what is known about the prevalence of accounts that invest in unconventional assets; (2) how these accounts are managed; and (3) what challenges are associated with administering these retirement accounts. GAO reviewed relevant federal laws, regulations, and guidance; analyzed data collected from the retirement industry; analyzed available industry documents; and reviewed 334 related consumer complaints collected from three federal agencies and two independent entities

A framework for evaluating the effectiveness of flood emergency management systems in Europe

Calls for enhancing societal resilience to flooding are echoed across Europe alongside mounting evidence that flood risk will increase in response to climate change amongst other risk-enhancing factors. At a time where it is now widely accepted that flooding cannot be fully prevented, resilience discourse in public policy stresses the importance of improving societal capacities to absorb and recover from flood events. Flood emergency management has thus emerged as a crucial strategy in flood risk management. However, the extent to which emergency management supports societal resilience is dependent on the effectiveness of governance and performance in practice. Drawing from the extensive body of literature documenting the success conditions of so-called effective emergency management more broadly, this study formulates an evaluation framework specifically tailored to the study of Flood Emergency Management Systems (FEMS) in Europe. Applying this framework, this research performs a cross-country comparison of FEMS in the Netherlands, England, Poland, France, and Sweden. Important differences are observed in how FEMS have evolved in relation to differing contextual backgrounds (political, cultural, administrative and socio-economic) and exposures to flood hazard. Whereas the organization and coordination of actors are functioning effectively, other aspects of effective FEMS are relatively under-developed in several countries, such as provisions for institutional learning, recovery-based activities and community preparedness. Drawing from examples of good practice, this paper provides a critical reflection on the opportunities and constraints to enhancing the effectiveness of FEMS in Europe

People Who Are Not in the Labor Force: Why Aren\u27t They Working?

People who are neither working nor looking for work are counted as “not in the labor force,” according to the U.S. Bureau of Labor Statistics. Since 2000, the percentage of people in this group has increased. Data from the Current Population Survey (CPS) and its Annual Social and Economic Supplement (ASEC) provide some insight into why people are not in the labor force. The ASEC is conducted in the months of February through April and includes questions about work and other activities in the previous calendar year. For example, data collected in 2015 are for the 2014 calendar year, and data collected in 2005 are for the 2004 calendar year. In the ASEC, people who did not work at all in the previous year are asked to give the main reason they did not work. Interviewers categorize survey participants’ verbatim responses into the following categories: ill health or disabled; retired; home responsibilities; going to school; could not find work; and other reasons. This Beyond the Numbers article examines data on those who were not in the labor force during 2004 and 2014 and the reasons they gave for not working. The data are limited to people who neither worked nor looked for work during the previous year

The European external action service: an opportunity to reconcile development and security policies or a new battleground for inter-institutional turf wars?

“There cannot be sustainable development without peace and security, and without development and poverty eradication there will be no sustainable peace”. The commitment to intertwine development and security policies of both the European Union and the Member States has increasingly been put forward in policy documents since the early 2000s. While the security-development nexus seems at first sight obvious and rather unremarkable, it has nonetheless become one of the main trouble spots of inter-institutional coherence in EU external action. The fuzzy boundaries between both policy domains and their impact on the distribution of competences turned the implementation of the nexus into a particularly complex and tense exercise. The rationale behind many of the Lisbon Treaty innovations is to address coherence issues by reducing the potential for conflict to a minimum. This paper focuses on the European External Action Service (EEAS) and analyses to what extent it could contribute to reconciling the distinct policies, strategies and institutional cultures of development cooperation and Common Foreign and Security Policy (CFSP). The new diplomatic service constitutes a functionally autonomous body with considerable policy discretion regarding both CFSP and development cooperation. Moreover, it assembles staff and resources from the Council, the Commission and the Member States that previously stood in sharp competition. Yet, the author argues that this integration has only been partial and without the necessary political will, the EEAS might become a new battleground for continued inter-institutional turf wars and thus undermine the EU’s international credibility

Australian commercial-critical infrastructure management protection

Secure management of Australia\u27s commercial critical infrastructure presents ongoing challenges to owners and the government. Although managed via a high-level information sharing collaboration of government and business, critical infrastructure protection is further complicated by the lack of a lower-level scalable model exhibiting its various levels, sectors and sub-sectors. This research builds on the work of Marasea (2003) to establish a descriptive critical infrastructure model and also considers the influence and proposed modelling of critical infrastructure dependency inter-relationships.<br /

One Health in food safety and security education: Subject matter outline for a curricular framework.

Educating students in the range of subjects encompassing food safety and security as approached from a One Health perspective requires consideration of a variety of different disciplines and the interrelationships among disciplines. The Western Institute for Food Safety and Security developed a subject matter outline to accompany a previously published One Health in food safety and security curricular framework. The subject matter covered in this outline encompasses a variety of topics and disciplines related to food safety and security including effects of food production on the environment. This subject matter outline should help guide curriculum development and education in One Health in food safety and security and provides useful information for educators, researchers, students, and public policy-makers facing the inherent challenges of maintaining and/or developing safe and secure food supplies without destroying Earth's natural resources

Premises for Reforming the Regulation of Securities Offerings: An Essay

Cox discusses six fundamental tenets that should guide the regulation of public offerings of securities. It is assumed that regulation is to be re-examined from the ground up, with no political or regulatory constraints