Dialectic tensions in the financial markets: a longitudinal study of pre- and post-crisis regulatory technology

This article presents the findings from a longitudinal research study on regulatory technology in the UK financial services industry. The financial crisis with serious corporate and mutual fund scandals raised the profile of compliance as governmental bodies, institutional and private investors introduced a ‘tsunami’ of financial regulations. Adopting a multi-level analysis, this study examines how regulatory technology was used by financial firms to meet their compliance obligations, pre- and post-crisis. Empirical data collected over 12 years examine the deployment of an investment management system in eight financial firms. Interviews with public regulatory bodies, financial institutions and technology providers reveal a culture of compliance with increased transparency, surveillance and accountability. Findings show that dialectic tensions arise as the pursuit of transparency, surveillance and accountability in compliance mandates is simultaneously rationalized, facilitated and obscured by regulatory technology. Responding to these challenges, regulatory bodies continue to impose revised compliance mandates on financial firms to force them to adapt their financial technologies in an ever-changing multi-jurisdictional regulatory landscape

Improving Undergraduate Astronomy Students' Skills with Research Literature via Accessible Summaries: A Case Study with Astrobites-based Lesson Plans

Undergraduate physics and astronomy students are expected to engage with scientific literature as they begin their research careers, but reading comprehension skills are rarely explicitly taught in major courses. We seek to determine the efficacy of lesson plans designed to improve undergraduate astronomy (or related) majors' perceived ability to engage with research literature by using accessible summaries of current research written by experts in the field. During the 2022-2023 academic year, twelve faculty members incorporated lesson plans using accessible summaries from Astrobites into their undergraduate astronomy major courses, surveyed their students before and after the activities, and participated in follow-up interviews with our research team. Quantitative and qualitative survey data clearly show that students' perceptions of their abilities with jargon, identifying main takeaways of a paper, conceptual understanding of physics and astronomy, and communicating scientific results all improved with use of the tested lesson plans. Additionally, students show evidence of increased confidence of their abilities within astronomy after exposure to these lessons, and instructors valued a ready-to-use resource to incorporate reading comprehension in their pedagogy. This case study with Astrobites-based lesson plans suggests that incorporating current research in the undergraduate classroom through accessible literature summaries may increase students' confidence and ability to engage with research literature, as well as their preparation for participation in research and applied careers.Comment: Submitted to PRPE

Spatial Variation in Strong Line Ratios and Physical Conditions in Two Strongly Lensed Galaxies at z ∼ 1.4

Upcoming space-based integral field spectrographs will enable spatially resolved spectroscopy of distant galaxies, including at the scale of individual star-forming regions (i.e., down to just tens of parsecs) in galaxies that have been strongly gravitationally lensed. In the meantime, there is only a very small set of lensed galaxies where such spatial detail is possible at wavelengths containing important rest-optical emission lines, even with the Hubble Space Telescope's Wide Field Camera 3 infrared channel grisms. Here, we examine two of these sources, SDSS J1723+3411 and SDSS J2340+2947, using HST WFC3/IR grism data and supporting spatially unresolved spectroscopy from several ground-based instruments to explore the size of spatial variations in observed strong emission-line ratios like O32 and R23, which are sensitive to ionization parameter and metallicity, and the Balmer decrement, which is an indicator of reddening. We find significant spatial variation in the reddening and in the reddening-corrected O32 and R23 values that correspond to spreads of a few tenths of a dex in ionization parameter and metallicity. We also find clear evidence of a negative radial gradient in star formation in SDSS J2340+2947 and tentative evidence of one in SDSS J1723+3411, though its star formation is quite asymmetric. Finally, we find that reddening can vary enough spatially to make spatially resolved reddening corrections necessary in order to characterize gradients in line ratios and the physical conditions inferred from them, necessitating the use of space-based integral field units for future work on larger, more statistically robust samples. © 2021. The American Astronomical Society. All rights reserved..Immediate accessThis item from the UA Faculty Publications collection is made available by the University of Arizona with support from the University of Arizona Libraries. If you have questions, please contact us at [email protected]

COOL-LAMPS. II. Characterizing the Size and Star Formation History of a Bright Strongly Lensed Early-type Galaxy at Redshift 1.02

We present COOL J1323+0343, an early-type galaxy at z = 1.0153 ± 0.0006, strongly lensed by a cluster of galaxies at z = 0.353 ± 0.001. This object was originally imaged by DECaLS and noted as a gravitational lens by COOL-LAMPS, a collaboration initiated to find strong-lensing systems in recent public optical imaging data, and confirmed with follow-up data. With ground-based grzH imaging and optical spectroscopy from the Las Campanas Observatory and the Nordic Optical Telescope, we derive a stellar mass, metallicity, and star formation history from stellar-population synthesis modeling. The lens modeling implies a total magnification, summed over the three images in the arc, of μ ∼ 113. The stellar mass in the source plane is M * ∼ 10.64 M ⊙ and the 1σ upper limit on the star formation rate (SFR) in the source plane is SFR ∼ 3.75 × 10−2 M ⊙ yr−1 (log sSFR = −12.1 yr−1) in the youngest two age bins (0-100 Myr), closest to the epoch of observation. Our measurements place COOL J1323+0343 below the characteristic mass of the stellar mass function, making it an especially compelling target that could help clarify how intermediate-mass quiescent galaxies evolve. We reconstruct COOL J1323+0343 in the source plane and fit its light profile. This object is below the expected size evolution of an early-type galaxy at this mass with an effective radius re ∼ 0.5 kpc. This extraordinarily magnified and bright lensed early-type galaxy offers an exciting opportunity to study the morphology and star formation history of an intermediate-mass early-type galaxy in detail at z ∼ 1. © 2022. The Author(s). Published by the American Astronomical Society.Open access journalThis item from the UA Faculty Publications collection is made available by the University of Arizona with support from the University of Arizona Libraries. If you have questions, please contact us at [email protected]

Conceptualising State Capacity: Comparing Kazakhstan and Kyrgyzstan

Strengthening the state is central to the post-communist reform agenda. Here, state capacity combines organisational, material and social resources and is conceptualised along four dimensions: ideational, political, technical and implementational. This conceptualisation is applied to a comparative, survey-based analysis in 2002 of 125 medium-ranking officials in two post- communist Central Asian countries, Kazakhstan and Kyrgyzstan. The findings reveal that although Kazakhstan's controlled economic reform programme and natural resources have placed it in a stronger position to develop its state capacity, important ideational, political and implementational problems pose long-term obstacles for reform. In turn, Kyrgyzstan's early liberalisation in the absence of economic and social resources may be serving to undermine its state capacity.</p