• THE INTERNATIONAL COMMERCE & LAW REVIEW
• /
• v.36
• /
• pp.195-262
• /
• 2007

This paper attempts to assess the Basel Committee's bank supervisory standards and capital adequacy rules, and thereby rethink whether global convergence in banking regulation is desirable. To that end, it seeks to address the impetus for the creation of the Basel Committee, and explore driving forces behind the internationalization of bank regulatory and supervisory standards. Following the historical and theoretical analysis of the internationalization of bank regulatory standards, the movement toward global standards in banking is reviewed. More importantly, this paper seeks to explore the origins of the Basel Accord on bank capital adequacy. To do so, it largely relies on current theories on the process of negotiating the capital adequacy standards in the areas of political science and international political economy. At this point, this study takes a position as a break against the force of international market failure logic that has enjoyed an exceptionally positive reception among economists, political scientists, and legal experts. Nonetheless, it does not intend to freeze the international coordination and cooperation of banking regulation. Given the understanding of the politics behind the creation of the Basel Accord, this paper evaluates the Basel Accord of 1988 and the new capital adequacy framework(Basel II), and then moves beyond the assessment of the capital adequacy standards In doing so, this study draws lessons from Basel in search of a just world order in the global finance.

• Geomechanics and Engineering
• /
• v.15 no.4
• /
• pp.973-986
• /
• 2018

The objective of this paper is to present abacuses obtained from a parametric study of deep-lined tunnels using a numerical finite element model. This numerical model was implemented in software GEOMEC91, which is a two-dimensional axisymmetric model that considers the progress of excavation and the placing of the lining through the activation and deactivation of elements. It is adopted a step of excavation constant (1/3 of radius), constant velocity and circular cross section along the tunnel axis. It is used for rock mass a viscoplastic constitutive law with von-Mises criterion of viscoplasticity without hardening whose deformation rate over time is given by the Bingham model. The lining uses a linear elastic constitutive law. In total are 1716 analysis presented in 60 abacuses that show the value of ultimate convergence ($U_{eq}$) due to tunneling speed. In addition, it is shown an example of the use of the abacuses to determine the ultimate convergence ($U_{eq}$) of the tunnel and pressure ($P_{eq}$) on the lining.

• International Journal of Advanced Culture Technology
• /
• v.7 no.2
• /
• pp.7-12
• /
• 2019

Korea's laws regarding ICT must follow the Void for vagueness doctrine, the Principle of forbidden general delegation, the Principle of justification of system and the Principle of balancing test in the Constitution. The Act for the Promotion and Convergence and so on of Information and Communication in the Future should be improved as follows. It is desirable to improve the part where the principle of system justification of the Constitution is problematic in relation to existing laws. It is desirable to improve the ICT's policies on industry and convergence technologies so that they are well balanced between promotion and regulation of ICT's industries. It is desirable to improve the information service policy and legislative makeup relationship between various government agencies related to ICT. It is therefore desirable to improve the institutional complement to the post-regulatory framework for the protection of users of ICT in the future. It is desirable to create a device to replace the functions of the Information Service Budget Council in the special law of ICT.

• Journal of the Korean Mathematical Society
• /
• v.59 no.6
• /
• pp.1185-1201
• /
• 2022

Feller introduced an unfair-fair-game in his famous book [3]. In this game, at each trial, player will win 2^k yuan with probability p_k = 1/2^kk(k + 1), k ∈ ℕ, and zero yuan with probability p₀ = 1 - Σ^∞_k=1 p_k. Because the expected gain is 1, player must pay one yuan as the entrance fee for each trial. Although this game seemed "fair", Feller [2] proved that when the total trial number n is large enough, player will loss n yuan with its probability approximate 1. So it's an "unfair" game. In this paper, we study in depth its convergence in probability, almost sure convergence and convergence in distribution. Furthermore, we try to take 2^k = m to reduce the values of random variables and their corresponding probabilities at the same time, thus a new probability model is introduced, which is called as the related model of Feller's unfair-fair-game. We find out that this new model follows a long-tailed distribution. We obtain its weak law of large numbers, strong law of large numbers and central limit theorem. These results show that their probability limit behaviours of these two models are quite different.

• Convergence Security Journal
• /
• v.12 no.5
• /
• pp.3-13
• /
• 2012

Japan came to result in enacting and enforcing the law on rationalization of service pertinent to the Private Detective Service Law in order to rationalize the illegal service realities of private detective service dealers and detective agencies, which were flooded in 2006. Since the enactment of the law, the problems are still taking place in relation to Japanese private detective service as of 2012. However, Japan's regulatory agencies can be known to revise the corresponding statute and to make effort to improve consciousness of agencies in order to improve these problems. Accordingly, it can be considered to be great in implication as for our country's introduction of private investigation service in the future. Arranging these contents, they are as follows. First, it is improvement in problems related to other statutes according to performance of private detective service. Second, it is reinforcement in management of private detective service violators. Third, it is propulsion of rationalization in cost according to a contract of private detective service. Accordingly, it can be considered to be necessary for being newly legislated at the 19th National Assembly from the perspective dubbed development and social right f unction in private investigation industry, by further supplementing Japan's these problems and arranging improvement plans so that the corresponding service called private detective service can do more public function in society.

• Convergence Security Journal
• /
• v.15 no.3_2
• /
• pp.11-19
• /
• 2015

This paper, so far to analyze the research trends in the issue that has been discussed for the introduction of private investigation institutions, by projecting its suggestion, want the investigation purpose of presenting the desirable introduction direction. The analyzed issue was extracted for existing research material on the introduction of private investigation institutions. Investigators pointed out issue is the name, business scope, corporate, qualification system (eligibility criteria and test), education, association establishment, regulatory agencies, has been included in the eight categories such as legislation form. For the name, I think there is a need to unify under the name "detective". For the scope of work, the amendment is difficult law, place an overview of the general business rules, more specific and detailed investigation business content, to discipline through the ordinance it is possible to be rational. Private investigation institutions, I think the need for limited operations of the corporation. For education, the new education and re-education on a regular basis I do for the private investigation workers. You must be one of the National Police Agency to the management authority. Legislative form, not to be defined by its own law, the revision of the security law, but that is to complement the provisions for private sector research system is effective.

• Convergence Security Journal
• /
• v.18 no.4
• /
• pp.53-61
• /
• 2018

Recently 4th Industrial Revolution era has come up and autonomous vehicle gets a huge attention for its commercialization as well as development. To this end, many countries such as US, UK, Germany are looking into laws and policies related to autonomous vehicle making a new law system, laws, policies or at least modifying the existing ones. Korea is also facing commercialization and development of autonomous vehicle yet it's law system, laws and policies are far beyond comparing to those of advanced countries. This paper details current law system comparison of several countries providing differences and characteristics for the purpose of success of auto drive vehicle industry. On top of that we suggest a new law system, laws and policies and then provide directions as steps for mature implementation. In addition, we discuss how the new laws and policies can bring out successful commercialization as well as industrial success of autonomous vehicle at the points of consumers, vehicle makers, insurance companies, and government.

• Tunnel and Underground Space
• /
• v.3 no.1
• /
• pp.80-95
• /
• 1993

Convergence measurements play very important role in the assessment of stability of a tunnel and of the economics of rock reinforcements. The characteristics of convergences are both due to the face advance effect and the time-dependent behaviour of rocks. As the convergence law can be modeled as a specific function of two variables of distance and time, we can determine the type of function and the related parameters from the field measurements. By using the regression method based on the Levengberg-Marquardt algorithm, an analysis of convergence of two different tunnels and one numerical example is described. It is shown that the convergence can be modeled as following function, C(x)=a{1-exp(-bx)} or C(t)=a{1-exp(-bt)} in case of a tunnel excavated in elastic rocks, in case of elasto-plastic or over stressed rocks.

• The Transactions of The Korean Institute of Electrical Engineers
• /
• v.57 no.1
• /
• pp.117-120
• /
• 2008

This paper investigates the convergence condition of ADILC(iterative learning control with advanced output data) for nonminimum phase systems. ADILC has simple learning structure including both minimum phase and nonminimum phase systems. However, for nonminimum phase systems, the overall time horizon must be considered in input update law. This makes the dimension of convergence condition matrix large. In this paper, a new sufficient condition is proposed to satisfy the convergence condition. Also, it has been shown that this sufficient condition can be satisfied although it is not full impulse response.

• Proceedings of the KIEE Conference
• /
• 2006.04a
• /
• pp.225-227
• /
• 2006

This note investigates the convergence condition of ADILC (iterative learning control with advanced output data) for nonminimum phase systems. ADILC has simple learning structure including both minimum phase and nonminimum phase systems. However, for nonminimum phase systems, the overall time horizon must be considered in input update law. This makes the dimension of convergence condition matrix large. In this paper, a new sufficient condition is proposed to satisfy the convergence condition. Also, it has been shown that this sufficient condition can be satisfied although it is not full impulse response.