The Impact of Information Security Technologies Upon Society

This paper's aims are concerned with the effects of information security technologies upon society in general and civil society organisations in particular. Information security mechanisms have the potential to act as enablers or disablers for the work of civil society groups. Recent increased emphasis on national security issues by state actors, particularly 'anti-terrorism' initiatives, have resulted in legislative instruments that impinge upon the civil liberties of many citizens and have the potential to restrict the free flow of information vital for civil society actors. The nascent area of cyberactivism, or hactivism, is at risk of being labelled cyberterrorism, with the accompanying change of perception from a legitimate form of electronic civil disobedience to an abhorrent crime. Biometric technology can be an invasive intrusion into citizens' privacy. Internet censorship and surveillance is widespread and increasing. These implementations of information security technology are becoming more widely deployed with profound implications for the type of societies that will result

The reinvigoration of Scottish further education sector: an exploration and analysis of the recent reforms

In July 2012 the Scottish Government published ‘Reinvigorating College Governance: the Scottish Response to The Report of the Review of Further Education Governance in Scotland’. The Report advanced a radical new structure for the Scottish Further Education (FE) sector and the overall impact has been unparalleled, creating seismic transformations to its operating structure and governance. The newly emerging paradigm overturned previous structural and governance arrangements, rescaling the Scottish FE landscape. This paper analyses the recent policy context unfolding within the Scottish FE sector; illuminating the central driving forces and legitimising discourses behind the current restructuring, cognisant of the emergent European educational policy space. It argues that the emerging policy reforms for Scottish FE, commonly referred to as ‘regionalisation’, is simultaneously a continuation and departure from the governing structures set in place in the early 1990s. The paper offers productive ways of framing thinking about the regionalisation of Scottish FE. Consequently, it will be of interest to Scottish Government policy makers and those working within or in partnership with the Scottish FE sector

The Risks of Financial Institutions

Over the last twenty years, the consensus view of systemic risk in the financial system that emerged in response to the banking crises of the 1930s and before has lost much of its relevance. This view held that the main systemic problem is runs on solvent banks leading to bank panics. But financial crises of the last two decades have not fit the mold. A new consensus has yet to emerge, but financial institutions and regulators have considerably broadened their assessment of the risks facing financial institutions. The dramatic rise of modern risk management has changed how the risks of financial institutions are measured and how these institutions are managed. However, modern risk management is not without weaknesses that will have to be addressed.

Credit risk rating at large U.S. banks

Large banks use internally developed credit rating systems to differentiate the riskiness of their commercial loans. Internal ratings are an essential ingredient of effective credit risk management for such banks, whose commercial borrowers may number in the tens of thousands. This article describes these rating systems, how their design varies across institutions, and how they are used in risk management. The article also outlines conceptual and practical difficulties currently faced by banks in achieving accurate and consistent ratings and describes ways in which some institutions have attempted to deal with these difficulties. This article is based on a detailed review of policy documents and internal management reports from the fifty largest U.S. bank holding companies and interviews by the authors at a selection of these institutions.Credit ratings ; Risk