The changing role of banking supervision

Financial services industry - Europe ; Bank supervision ; Europe

Capital regulations: the road ahead

This paper was presented at the conference "Financial services at the crossroads: capital regulation in the twenty-first century" as part of session 7, "The future of capital regulation." The conference, held at the Federal Reserve Bank of New York on February 26-27, 1998, was designed to encourage a consensus between the public and private sectors on an agenda for capital regulation in the new century.Bank capital

Cluster of Botulism among dutch tourists in Turkey, june 2008

In June 2008, three Dutch tourists participating in a mini-cruise in Turkey needed urgent repatriation for antitoxin treatment because of symptoms of botulism. Because there was a shortage of antitoxin in the Netherlands, an emergency delivery was requested from the manufacturer in Germany. An outbreak investigation was initiated into all nine cruise members, eight of whom developed symptoms. C. botulinum type B was isolated in stool culture from four of them. No other patients were notified locally. Food histories revealed locally purchased unprocessed black olives, consumed on board of the ship, as most likely source, but no leftovers were available for investigation. C. botulinum type D was detected in locally purchased canned peas, and whilst type D is not known to be a cause of human intoxication, its presence in a canned food product indicates an inadequate preserving process. With increasing tourism to areas where food-borne botulism is reported regularly special requests for botulism antitoxin may become necessary. Preparing an inventory of available reserve stock in Europe would appear to be a necessary and valuable undertaking

The effect of addition of a third component on the behaviour of the lithium doped magnesium catalysts for the oxidative dehydrogenation of ethane

The oxidative dehydrogenation of ethane was studied with the use of promoted Li/MgO catalysts at temperatures of 600¿650°C. The addition of known promoters, cobalt and tin, gave a slight Increase In activity but a strong decrease in selectivity to ethylene under the conditions used. The addition of sodium improved the selectivity to ethylene and suppressed the formation of carbon monoxide. Using a feed of 12 vol% ethane and 6 vol% oxygen, the U/Na/MgO catalyst with 3.2wt% sodium showed a selectivity of 86 % to ethylene at 38 % conversion of ethane; the Li/MgO catalyst showed a selectivity of 80 % at similar conversions Thermal Investigations of the Li/Na/MgO catalyst showed that an eutectic melt of LINaCO3 is formed at 490°C; the existence of this molten phase is probably the cause of the Increased selectivity

The oxidative coupling of methane and the oxidative dehydrogenation of ethane over a niobium promoted lithium doped magnesium oxide catalyst

The promoting effect of niobium in a Li/MgO catalyst for the oxidative coupling of methane (OCM) and for the oxidative dehydrogenation of ethane (ODHE) has been studied in some detail. It has been found that a Li/Nb/MgO catalyst with 16 wt % niobium showed the highest activity for the C2 production in the OCM reaction; the activity at 600 °C was ten times that of the Li/MgO catalyst at the same temperature. The Li/Nb/MgO catalyst was also slightly more active for the ODHE reaction than was the Li/MgO catalyst. However, the Li/Nb/MgO catalyst produced considerably more carbon dioxide in the both reactions. Structural investigation of the catalyst showed that the addition of niobium to the Li/MgO catalyst increased the surface area and gave an increase in the lithium content of the calcined catalysts. Two niobium phases, LiNbO3 and Li3NbO4, were formed; it is shown that the first of these probably causes the increased activity. Ageing experiments showed that the activity of the catalyst was lost if the catalyst was used above 720 °C, the melting point of the lithium carbonate phase. The catalyst showed a decrease of surface area after ageing and a sharp decrease of the amount of the two niobium phases. The addition of carbon dioxide to the feed could not prevent the deactivation of the Li/Nb/MgO catalyst

Knowledge-based modeling of discrete-event simulation systems

Modeling a simulation system requires a great deal of customization. At first sight no system seems to resemble exactly another system and every time a new model has to be designed the modeler has to start from scratch. The present simulation languages provide the modeler with powerful tools that greatly facilitate building models (modules for arrivals or servers, etc.). Yet, also with these tools the modeler constantly has the feeling that he is reinventing the wheel again and again. Maybe the model he is about to design already exists (maybe the modeler has designed it himself some time ago) or maybe a model already exists that sufficiently resembles the model to be designed. In this article an approach is discussed that deploys knowledge-based systems to help selecting a model from a database of existing models. Also, if the model is not present in the database, would it be possible to select a model that in some sense is close to the model that the modeler had in mind

A 3D simulation case study of airport air traffic handling

Modern Windows-based simulation packages bring simulation within reach of decision-makers. The use of graphics enables the manager to observe an animation of the simulated reality, to focus on the essentials of the model without the need to bother about implementation details. In most applications a 2D representation will satisfy the simulation objectives. One field of application in which 3D simulation is highly recommended is air traffic handling on and above an airport. In order to get a real understanding of this kind of process 3D simulation is indispensable. In this article a simulation is described in which 3D animation is essential to base management decisions on

Arrival processes in port modeling: insights from a case study

This paper investigates the impact of arrival processes on the ship handling process. Two types of arrival processes are considered: controlled and uncontrolled. Simulation results show that uncontrolled arrivals of ships perform worst in terms of both ship delays and required storage capacity. Stock-controlled arrivals perform best with regard to large vessel delays and storage capacity. The combination of stock-controlled arrivals for large vessels and equidistant arrivals for barges also performs better than the uncontrolled process. Careful allocation of ships to the mooring points of a jetty further improves the efficiency.supply chain management;logistics;simulation;transportation;case study