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Winner Of The FESE De la Vega Prize 2021 Announced


Winner Of The FESE De la Vega Prize 2021 Announced
Date
01/06/2021
The Federation of European Securities Exchanges (FESE) is delighted to announce that the winner of the FESE De la Vega Prize 2021 is Jonas Heese, the Marvin Bower Associate Professor of Business Administration at Harvard Business School, for his paper “Does industry employment of active regulators compromise oversight?”
Industry employment of active regulators is the subject of debate. The paper observes that the practice has long raised concern that it leads to “regulatory capture, whereby regulators receive financial compensation from firms in exchange for lax oversight.” In response, most public regulators have implemented policies that require regulators to resign from industry employment upon taking office, effectively prohibiting industry employment for active regulators. The paper also draws attention, however, to self-regulatory organisations (SROs) who, in contrast, often all ....

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CITP Seminar: Privacy and Disclosure in the Digital Age


Why do people post salacious photos or incendiary comments on social media, when the damage to their relationships, reputation and careers could be permanent? Why do we prefer to hire people who reveal unsavory information about themselves relative to those who simply choose not to disclose? Why are people more likely to disclose the fact that they cheated on their taxes on a website called “How BAD r U?” that clearly offers no privacy protection than on a sober-looking site with privacy safeguards? And why did Target face consumer ire for sending pregnancy-related coupons to a teenage customer it (correctly) inferred to be pregnant? Yet, how come Amazon can make product recommendations conspicuously based on users’ behavior without seemingly provoking privacy backlash? These questions are all manifestations of the privacy paradox: the apparent disconnect between people’s privacy preferences and behavior. ....

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