Documents financial sector 288 results

"Developed within the framework of the EU co-funded project FinAI*, subtitled an Anthropocentric approach to AI to support people and companies. Developing social dialogue on the e-skills of workers in the European financial sector (n. 101145653), this paper aims to examine the intersection between artificial intelligence (AI) and labour relations in the financial sector, with a particular focus on the role of social dialogue and collective bargaining in fostering ethical AI adoption.
The research adopts a mixed-method approach, integrating legal analysis and case studies. First, the paper analyses Regulation EU 2024/1689 (the AI Act), focusing on its key provisions. The national-level implementation of the Act is assessed through a comparative review of legislation in selected Member States and candidate countries, focusing on social partner involvement.
In addition to the legal analysis, the study collects and examines social dialogue and collective bargaining best practices through a review of collective agreements, social partner declarations and sectoral/company-level initiatives.
The research reveals a general lack of multi-stakeholder processes in the development and adoption of AI-related regulations at the European and national levels, with limited social partner engagement. However, it also identifies several examples of effective social dialogue and collective bargaining practices that promote ethical AI use. In this sense, this paper aims to highlight the critical role of social dialogue in ensuring a human-centred approach to AI in the workplace, advocating for closer involvement of social partners in the governance of AI technologies."

"Anticipating risks has become an obsession of the early twenty-first century. Private and public sector organisations increasingly devote resources to risk prevention and contingency planning to manage risk events should they occur. This 2010 book shows how we can organise our social, organisational and regulatory policy systems to cope better with the array of local and transnational risks we regularly encounter. Contributors from a range of disciplines - including finance, history, law, management, political science, social psychology, sociology and disaster studies - consider threats, vulnerabilities and insecurities alongside social and organisational sources of resilience and security. These issues are introduced and discussed through a fascinating and diverse set of topics, including myxomatosis, the 2012 Olympic Games, gene therapy and the financial crisis. This is an important book for academics and policy makers who wish to understand the dilemmas generated in the anticipation and management of risks."

"Using correspondence testing, we investigate whether age and family constraints have an effect on the gender gap in access to job interviews. We sent job applications from three pairs of candidates to the same job advertisements in the French financial sector between January and March 2002, focusing on low-skilled administrative or commercial jobs and high-skilled administrative or commercial jobs. Within each pair, the applicants' characteristics were similar except for gender. We compare the gender gap in access to job interviews for single and childless applicants aged 25 and 37. We find significant hiring discrimination against women aged 25 applying for high-skilled administrative jobs. Young men are preferred to young women when employers offer long-term contracts. Among single and childless applicants aged 37, we find no significant hiring discrimination against women. We then compare the gender job-access gap for applicants aged 37 who are single and childless or married with three children. We do not find significant hiring discrimination against female applicants aged 37."

"The current financial crisis appears to be a moment of epochal change, an archetypal ‘legitimation crisis'. This paper examines the impact of this collapse on one particular section of the financial markets that concerned with credit default swaps. This paper shows how and why the markets for these products expanded and why they were integral to the financial crash. The consequence of the crash was a huge loss of legitimacy for these markets. This paper examines the processes whereby this legitimacy is being reconstructed. In particular, it distinguishes between the re-establishment of pragmatic legitimacy, which is the primary concern of the market participants, and the re-establishment of broader political legitimacy, which concerns governments and regulators. It argues that these two forms of re-establishing legitimacy work in different ways and proceed at different rates. It explores the tensions to which this leads in terms of reconstructing the financial system."