Monthly Archives: July 2018

Basel and the IASB: Legitimacy Interdependencies and Consequences for Prudential Regulation

By | July 31, 2018

Courtesy of Jan Riepe Legitimacy is a key concern for international standard setters. If transnational actors set standards instead of national democratic authorities, the standard setters might suffer from ‘apparent’ legitimacy deficits. The consequences of an ‘apparent’ legitimacy deficit are low levels of public support for institutions, policies and authorities. Consequently, most international standard setters… Read More »

The Wisdom of Crowds in Initial Coin Offerings

By | July 24, 2018

Courtesy of Tao Li, Jongsub Lee, and Donghwa Shin Initial coin offerings (ICOs) have recently emerged as a popular way to fund blockchain-related startups, raising nearly $12 billion since 2017, according to a report issued by CoinDesk. Through this new form of crowdfunding, an entrepreneur raises capital by creating and selling a virtual currency or “token,”… Read More »

Carillion Plc: A Governance Case Study from the UK

By | July 18, 2018

Courtesy of Joseph A. Smith Jr. At year-end 2016, Carillion Plc (Carillion or the company) was, in the words of its annual report, “one of the UK’s leading integrated support services companies, with a substantial portfolio of Public Private Partnership projects, extensive construction capabilities and a sector-leading ability to deliver sustainable solutions.” [1] The company… Read More »