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This paper analyses the bail-in tool under the BRRD and predicts that it will not reach its policy objective. To make this argument, this paper first describes the policy rationale that calls for mandatory PSI. From this analysis the key features for an effective bail-in tool can be derived. These insights serve as the background to make the case that the European resolution framework is likely ineffective in establishing adequate market discipline through risk-reflecting prices for bank capital. The main reason for this lies in the avoidable embeddedness of the BRRD’s bail-in tool in the much broader resolution process which entails ample discretion of the authorities also in forcing private sector involvement. Finally, this paper synthesized the prior analysis by putting forward an alternative regulatory approach that seeks to disentangle private sector involvement as a precondition for effective bank-resolution as much as possible form the resolution process as such.
Abstract. Six new species of Coleoxestia Aurivillius, 1912 (Cerambycidae, Cerambycinae, Cerambycini) are described: C. clarkei from Bolivia; C. chemsaki and C. eyai from Peru; C. fragosoi and C. rafaeli from Brazil; and C. hovorei from Ecuador. Coleoxestia rachelae Eya and Chemsak is also newly recorded from Peru (new country record). Dorsal, ventral and lateral illustrations along with illustrations of various other structures are provided for each of the new species. In some cases, existing key couplets by Eya and Chemsak (2005) or Martins and Monné (2005) are modifi ed to help separate a new species from similar existing species. A reproduction of the general descriptive terminology for the head, prothorax and antennomeres of Coleoxestia, from Fragoso (1993), is also included in the illustrations.
With an incident in Palo Duro Canyon, Texas, USA, Scolopendra heros Girard (Chilopoda: Scolopendromorpha: Scolopendridae) becomes the third centipede species known to prey on bats; S. gigantea Linnaeus and S. viridicornis Newport have been so documented in Venezuela and Brazil, respectively. The Texas predation was interrupted by the predator/prey pair’s falling around 15–20 m from the canyon wall and, perhaps also, by human presence where they landed. The centipede uncoiled and retreated to shelter under a nearby rock and, after initial immobilization, so did the bat.
The New World genus Chariessa Forster (Coleoptera: Cleroidea: Cleridae) is revised and includes C. catalina Opitz, new species, C. elegans Horn, C. dichroa (LeConte), C. floridana Schaeffer, C. pilosa (Forster), C. texana Wolcott, C. ramicornis Perty, C. vestita (Chevrolat), and C. duponti (Spinola). Enoplium pilosa var. marginata Say is synonymized with Chariessa pilosa Forster. Lectotypes are designated for C. pilosa (Forster), C. ramicornis Perty, and C. vestita (Chevrolat). Available information indicates that Chariessa adult and immature individuals are predatory on lignicolous insects with a particular affinity for cerambycids and buprestids that infest species of oak. It is postulated that Pleistocene speciation generated the North American components of Chariessa with more ancient southern species generated during the Middle Tertiary; after closures of the Middle American portals and orogeny of the South American Andes. Included in this treatise is a discussion of natural history, key to species, narratives of zoogeography and phylogeny, one diagram of a phylogenetic tree, 35 line drawings, eight SEM micrographs, twelve habitus photographs, nine photographs of male genitalia, and five distributional maps.
A trimaculate male of the diplopod genus Apheloria Chamberlin (Polydesmida: Xystodesmidae/-inae: Apheloriini) from 1.3 km (0.8 mi) west of McKenney, Dinwiddie County (Co.), Virginia, is designated the Neotype of Julus virginiensis Drury 1770, thereby stabilizing the earliest name for a North American milliped and authenticating its prior assignment to this taxon. The existing concept of Apheloria is accepted in the absence of a revisionary treatment, and a modern description of A. v. virginiensis with gonopod drawings and color photos is provided. Drury’s original account and his letter to the Virginian who sent him the original specimens are quoted verbatim to eliminate future library searches. The specific name has been associated with at least three genera, and its confusing history is clarified by summarizing works in each. Authentic localities, mapped to the extent now possible, reveal a distribution south of the James River in piedmont and coastal Virginia that extends southwestward to the Blue Ridge foothills and at least as far south in North Carolina (NC) as Greensboro, the “Triangle” (Raleigh/Durham/Chapel Hill region), and Albemarle Sound in the east. Based on the holotypes, A. aspila and A. tigana, both by Chamberlin, are placed in synonymy under A. v. virginiensis (syns. nov.), and although its status is still under review, A. waccamana Chamberlin, whose type locality is Lake Waccamaw, Columbus Co., in southeastern NC, may be the correct name for today’s A. tigana. All samples so labeled must be reexamined for misidentifications of A. v. virginiensis.
Es ist so viel Neues, Grundsätzliches und Bleibendes über Warburgs kulturwissenschaftliches Werk vorgetragen und geschrieben worden, dass ich mich im Folgenden auf einige wenige Beobachtungen beschränken möchte. Die beiden ersten betreffen die Aktualität von Warburgs Denken, und ich möchte sie - aus der Perspektive des Kunsthistorikers - überschreiben: 1. Lob der Sprache, 2. Lob des Anachronismus. Daran anschließend möchte ich kurz drei Themenfelder andeuten, die meiner Ansicht nach Herausforderungen einer heutigen Warburg-Forschung darstellen.
In recent years, Ontological Security Theory (OST) has been established as a new theory in the field of International Relations. The theory seeks to explain state behavior, and offers a new perspective on the security dilemma and the persistence of conflicts. It has proven itself helpful in explaining seemingly irrational state behavior such as an aggressive foreign policy by weak states or the provision of humanitarian aid by powerful nations. OST further allows scholars to analyze norm-violating behavior of states, for instance the use of torture at the hands of Americans in the War on Terror. If you have not engaged with the theory before, you might want to learn about its core arguments as well as its potential and limitations in the following. For those who know the theory well, let me show you how the theory was key to gaining new insights in my research.
On the 28th of July, a 26 year old man, Ahmad A. launched a knife attack in a supermarket in the Barmbek area of Hamburg, wounding four people and killing one. He fled the scene of the attack before being forcefully apprehended by some bystanders. The attacker, a rejected asylum seeker, was understood by the police to have been recently religiously radicalised. Hamburg’s Interior Minister Andy Grote explained that he was known to the police as an “Islamist but not a jihadist” and was suspected of having psychological problems. Prosecutors have asserted that he had no known connections with any organized radical network or group and that he had planned on dying as a martyr...
SAFE Newsletter : 2017, Q3
(2017)