The challenges of risk management in diversified financial companies

In recent years, financial institutions and their supervisors have placed increased emphasis on the importance of measuring and managing risk on a firmwide basis—a coordinated process referred to as consolidated risk management. Although the benefits of this type of risk management are widely acknowledged, few if any financial firms have fully developed systems in place today, suggesting that significant obstacles have led them to manage risk in a more segmented fashion. In this article, the authors examine the economic rationale behind consolidated risk management. Their goal is to detail some of the key issues that supervisors and practitioners have confronted in assessing and developing consolidated risk management systems. In doing so, the authors clarify why implementing consolidated risk management involves significant conceptual and practical difficulties. They also suggest areas in which additional research could help resolve some of these difficulties.Risk management ; Financial institutions ; Bank supervision

The historical content of fourth grade geography textbooks

Thesis (Ed.M.)--Boston University, 1945. This item was digitized by the Internet Archive

Many to many mobile maps

The rapid development of mobile computing devices along with a variety of Web 2.0 social networking tools has led to a dramatic change in the way maps and other spatial displays are utilized. The evolution from stand-alone desktop GIS to the interactive, mobile devices, in which information from one or more sources and is sent to one or more sinks, is discussed. The result is access to real-time information, which is generated from both traditional sources, social networks, and other specialized geowikis. Both the benefits of many to many mobile maps and the emergence of new problems, such as understanding the needs of the user and providing appropriate context, are discussed

Embryonic development of the squid, Illex illecebrosus, and effect of temperature on development rates

Development stages for artificially fertilized and naturally spawned eggs of Illex illecebrosus were observed and a staging scheme proposed which relates to earlier studies on naturally spawned eggs of Illex coindetii and artificially fertilized eggs of Todarodes pacificus. Photographs and descriptions of stages provide a reference for embryonic development of small ommastrephid eggs and an aid to the identification of egg masses of the species in nature, an essential step in understanding its life cycle. Embryonic development in Illex illecebrosus fails at temperatures below 12.5°C. and the development rate at 21°C is nearly twice that at 12.5°C. This temperature requirement restricts the spatial and temporal distribution of spawning in this squid, and temperature-related development rates allow prediction of the age of egg masses found in nature in water masses of a particular temperature

Where Snow is a Landmark: Route Direction Elements in Alpine Contexts

Route directions research has mostly focused on urban space so far, highlighting human concepts of street networks based on a range of recurring elements such as route segments, decision points, landmarks and actions. We explored the way route directions reflect the features of space and activity in the context of mountaineering. Alpine route directions are only rarely segmented through decision points related to reorientation; instead, segmentation is based on changing topography. Segments are described with various degrees of detail, depending on difficulty. For landmark description, direction givers refer to properties such as type of surface, dimension, colour of landscape features; terrain properties (such as snow) can also serve as landmarks. Action descriptions reflect the geometrical conceptualization of landscape features and dimensionality of space. Further, they are very rich in the semantics of manner of motion

Digital transformations and the archival nature of surrogates

Large-scale digitization is generating extraordinary collections of visual and textual surrogates, potentially endowed with transcendent long-term cultural and research values. Understanding the nature of digital surrogacy is a substantial intellectual opportunity for archival science and the digital humanities, because of the increasing independence of surrogate collections from their archival sources. The paper presents an argument that one of the most significant requirements for the long-term access to collections of digital surrogates is to treat digital surrogates as archival records that embody traces of their fluid lifecycles and therefore are worthy of management and preservation as archives. It advances a theory of the archival nature of surrogacy founded on longstanding notions of archival quality, the traces of their source and the conditions of their creation, and the functional ‘‘work of the archive.’’ The paper presents evidence supporting a ‘‘secondary provenance’’ derived from re-digitization, re-ingestion of multiple versions, and de facto replacement of the original sources. The design of the underlying research that motivates the paper and summary findings are reported separately. The research has been supported generously by the US Institute of Museum and Library Services.Institute for Museum and Library ServicesPeer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/111825/1/J26 Conway Digital Transformations 2014-pers.pdfDescription of J26 Conway Digital Transformations 2014-pers.pdf : Main articl

Laser Induced Creation of Antiferromagnetic 180 Degree Domains in NiO Pt Bilayers

The antiferromagnetic order in heterostructures of NiO Pt thin films can be modified by optical pulses. After the irradiation with laser light, the optically induced creation of antiferromagnetic domains can be observed by imaging the created domain structure utilizing the X ray magnetic linear dichroism effect. The effect of different laser polarizations on the domain formation can be studied and used to identify a polarization independent creation of 180 domain walls and domains with 180 different N el vector orientation. By varying the irradiation parameters, the switching mechanism can be determined to be thermally induced. This study demonstrates experimentally the possibility to optically create antiferromagnetic domains, an important step towards future functionalization of all optical switching mechanisms in antiferromagnet