Brexit:Options for Banks from the UK to Access the EU Market

in Europäische Zeitschrift für Wirtschaftsrecht = European Journal of Business Law = Revue Européenne de Droit Economique (2017), 24/2017

UK banks who want to maintain an access to the EU market after BREXIT are currently assessing their options. The prospect of a free trade agreement with the EU remaining uncertain, they cannot rely on ... [more ▼]

UK banks who want to maintain an access to the EU market after BREXIT are currently assessing their options. The prospect of a free trade agreement with the EU remaining uncertain, they cannot rely on such an agreement before taking a decision. The present paper sketches the three main options - i.e. servicing EU clients directly from the UK, creating a branch or establishing a subsidiary - comparing their benefits and restrictions under the GATS rules and the free movement of capital and freedom of establishment under the EU Treaties. The focus is on traditional banking activities leaving aside investment services. Whilst acting through a EU based subsidiary appears to be the most promising option for UK banks who ambition to serve clients on a EU scale, the choice of location is not trivial as Member States are competing to attract such subsidiaries to their jurisdiction. The ECB in its supervisory role of the banking sector has already signaled that it will not allow such competition to result in a supervisory arbitrage. [less ▲]

The Empirical Saddlepoint Estimator

Scientific Conference (2017, December 17)

Previous studies have shown that existing moment-based estimation approaches have poor small-sample performance in some applications. We propose an alternative that is based on the ESP (empirical ... [more ▼]

Previous studies have shown that existing moment-based estimation approaches have poor small-sample performance in some applications. We propose an alternative that is based on the ESP (empirical saddlepoint) approximation of the solutions to the empirical moment conditions. Saddlepoint approximations are known to perform well in small sample. The novel estimator proposed, which we call the ESP estimator, is the mode of the ESP approximation. We show that it is consistent and asymptotically normal, and we study its higher-order bias. We propose novel test statistics based on the ESP estimator. Finally, we also investigate the finite-sample properties of the ESP estimator and related test statistics through Monte-Carlo simulations. [less ▲]

Panel: Re/Bordering Memory: Dynamics and Frictions of Multi-Scala Remembering

Presentation (2017, December 15)

NASA-FDL Artificial Intelligence in Planetary Science; Lunar Resource Mission

Scientific Conference (2017, December 15)

Les regards experts sur l’Est en Allemagne et en Pologne : émergence, cristallisation et révision (1918-1972)

Doctoral thesis (2017)

La 1e Guerre mondiale fut le catalyseur de mutations sociales et techniques, qui suscitent de nouveaux besoins d’administration, matérialisés par l’émergence d’un nouveau groupe social: celui des experts ... [more ▼]

La 1e Guerre mondiale fut le catalyseur de mutations sociales et techniques, qui suscitent de nouveaux besoins d’administration, matérialisés par l’émergence d’un nouveau groupe social: celui des experts. Dans les États modernes allemands et polonais, un groupe particulier d’experts se détache, qui se spécialisent dans une thématique aux profondes racines culturelles : l’Est européen.Les changements de régime et de territoire entre 1918 et 1972 déstabilisent le cadre de référence des sociétés allemandes et polonaises, particulièrement entre 1939 et 1945. Cependant, l’historiographie des sciences de l’Est allemandes (Ostforschung) souligne les continuités personnelles, institutionnelles et conceptuelles fortes dans l’expertise de l’Est du « IIIe Reich » à l’Allemagne de l’Ouest. En Allemagne de l’Est et en Pologne, au contraire, le changement de régime après 1945 rend impossible toute continuité, mais la question de l’évolution de la pensée sur l’Est dans les cercles de l’expertise, qui eux se maintiennent, reste posée.En dépassant l’analyse de l’expertise en termes de subordination aux différents régimes politiques auxquels elle s’adresse, nous mettons en valeur les spécificités de l’expertise de l’Est. Elle se caractérise par un double ancrage dans l’imaginaire collectif et dans les pratiques scientifiques contemporaines, pour exprimer un but politique. Cet ancrage explique l’inertie dans les conceptions allemandes et polonaises de l’Est. L’approche comparatiste souligne tant la diversité des conceptions de l’Est, que les fonctions sociales comparables de l’Est, notamment celle d’ennemi et d’espace de projection nationale, passée et à venir [less ▲]

Modelling argumentation on Axiom of Choice in ASPIC-END -- Technical report

Report (2017)

In this technical report, we present an application of the structured argumentation methodology to a debate in the foundations of mathematics. We work with ASPIC-END, a recently proposed adaptation of the ... [more ▼]

In this technical report, we present an application of the structured argumentation methodology to a debate in the foundations of mathematics. We work with ASPIC-END, a recently proposed adaptation of the structured argumentation framework ASPIC+ which can incorporate debates about logical principles, natural deduction style arguments and explanations. We apply this framework to build a preliminary formal model of parts of the debate that mathematicians had about the Axiom of Choice in the early 20th century. Furthermore, we briefly discuss the insight into the strengths and drawbacks of the modeling capacities of ASPIC-END that we have gained from producing this model. [less ▲]

Higher Supergeometry Revisited

Presentation (2017, December 14)

Protection of Whistleblowers in the European Union: The Promising Parliament Resolution and the Challenge for the European Commission

Diverse speeches and writings (2017)

The Qatar Embargo at the WTO: Finally a Case on Article XXI?

Presentation (2017, December 13)

Resolving the Combinatorial Complexity of Smad Protein Complex Formation and Its Link to Gene Expression.

in Cell Systems (2017)

Upon stimulation of cells with transforming growth factor beta (TGF-beta), Smad proteins form trimeric complexes and activate a broad spectrum of target genes. It remains unresolved which of the possible ... [more ▼]

Upon stimulation of cells with transforming growth factor beta (TGF-beta), Smad proteins form trimeric complexes and activate a broad spectrum of target genes. It remains unresolved which of the possible Smad complexes are formed in cellular contexts and how these contribute to gene expression. By combining quantitative mass spectrometry with a computational selection strategy, we predict and provide experimental evidence for the three most relevant Smad complexes in the mouse hepatoma cell line Hepa1-6. Utilizing dynamic pathway modeling, we specify the contribution of each Smad complex to the expression of representative Smad target genes, and show that these contributions are conserved in human hepatoma cell lines and primary hepatocytes. We predict, based on gene expression data of patient samples, increased amounts of Smad2/3/4 proteins and Smad2 phosphorylation as hallmarks of hepatocellular carcinoma and experimentally verify this prediction. Our findings demonstrate that modeling approaches can disentangle the complexity of transcription factor complex formation and its impact on gene expression. [less ▲]