No abstract

No abstract

No abstract

Decay of the last Cordilleran Ice Sheet (CIS) near its geographical centre has been conceptualized as being dominated by passive downwasting (stagnation), in part because of the lack of large recessional moraines. Yet, multiple lines of evidence, including reconstructions of glacio‐isostatic rebound from palaeoglacial lake shoreline deformation suggest a sloping ice surface and a more systematic pattern of ice‐margin retreat. Here we reconstructed ice‐marginal lake evolution across the subdued topography of the southern Fraser Plateau in order to elucidate the pattern and style of lateglacial CIS decay. Lake stage extent was reconstructed using primary and secondary palaeo‐water‐plane indicators: deltas, spillways, ice‐marginal channels, subaqueous fans and lake‐bottom sediments identified from aerial photograph and digital elevation model interpretation combined with field observations of geomorphology and sedimentology, and ground‐penetrating radar surveys. Ice‐contact indicators, such as ice‐marginal channels, and grounding‐line moraines were used to refine and constrain ice‐margin positions. The results show that ice‐dammed lakes were extensive (average 27 km2; max. 116 km2) and relatively shallow (average 18 m). Within basins successive lake stages appear to have evolved by expansion, decanting or drainage (glacial lake outburst flood, outburst flood or lake maintenance) from southeast to northwest, implicating a systematic northwestward retreating ice margin (rather than chaotic stagnation) back toward the Coast Mountains, similar in style and pattern to that proposed for the Fennoscandian Ice Sheet. This pattern is confirmed by cross‐cutting drainage networks between lake basins and is in agreement with numerical models of North American ice‐sheet retreat and recent hypotheses on lateglacial CIS reorganization during decay. Reconstructed lake systems are dynamic and transitory and probably had significant effects on the dynamics of ice‐marginal retreat, the importance of which is currently being recognized in the modern context of the Greenland Ice Sheet, where >35% of meltwater streams from land‐terminating portions of the ice sheet end in ice‐contact lakes.

No abstract

Purpose This paper aims to contend that when tackling financial crimes such as money laundering and terrorist financing, international regulators are seeking to hold offshore jurisdictions such as the Cayman Islands to higher standards and that this detracts from the pursuit of detecting and prosecuting money launders. Design/methodology/approach This paper will deal with the following perceived issues: firstly, to offshore jurisdictions as a concept; secondly, to outline the efforts made by the Cayman Islands to combat money laundering and to rate these changes against Financial Action Task Forces’ (FATAF’s) technical criteria; thirdly, to demonstrate that the Cayman Islands is among some of the world’s top jurisdictions for compliance with FATAF’s standards; and finally, to examine whether greylisting was necessary and to comment upon whether efforts by international regulators to hold offshore jurisdictions to higher standards detracts from the actual prosecution of money laundering within the jurisdiction. Findings Greylisting the Cayman Islands in these authors’ view was something that should have never happened; the Cayman Islands is being held to standards far beyond what is expected in an onshore jurisdiction. There is a need for harmonisation in respect of international anti money laundering rules and regulations to shift the tone to prosecution and investigation of offences rather than on rating jurisdictions technical compliance with procedural rules where states have a workable anti-money laundering (AML) regime. Research limitations/implications The implications of this research are to show that offshore jurisdictions are being held by FATAF and other international regulators to higher AML standards than their onshore counterparties. Practical implications The author hopes that this paper will begin the debate as to whether FATAF needs to give reasons as to why offshore jurisdictions are held to higher standards and whether it needs to begin to contemplate higher onshore standards. Originality/value This is an original piece of research evaluating the effect of FATAF's reporting on offshore jurisdictions with a case study involving primary and secondary data in relation to the Cayman Islands.

This paper seeks to explore the PSPP decision of the German Constitutional Court and its effect on the monetary policy decisions taken by central banks. It begins by exploring the decision and its effect in Germany, together with its wider implications for the European Monetary Union before moving onto consider the standard of review that should be applied by the Courts when they are required to review central banks actions. Conclusions are reached to show that any standard of review should be limited because of the unique economic and political circumstances in which central bank decision making takes place. Keywords: Central Banking; Judicial Review; Proportionality; European Law; European Monetary Union.

No abstract