Ever since the great financial crisis of 2008 regulators have pushed toward more resilient banks, resulting in more demanding regulation and an increase of regulator’s insight and power. Through the revision of the BASEL framework, Contingent Convertible Bonds were introduced in 2010 as a part of regulatory capital and has since then grown increasingly popular. However, these instruments have never been tested in a stressed European financial system. Hence, there is no genuine information of how these instruments would behave. Neither have there been any published efforts in testing this through simulation, to the best of my knowledge. Using a temporally disaggregated augmentation of the EBA 2016 stress test, I simulate how the financial system would be affected by triggering the CoCos. Studying the implications of both low and high trigger instruments. Results indicate that there are low risks for a systemic fallout and showcases some notable differences as a result of CoCo design and type of trigger.

<p>Abstract</p><p>The aim of the present study was to increase the understanding of how the cell surface properties affect the performance of unit operations used in primary protein purification. In particular, the purpose was to develop, set up and apply methods for studies of cell surface properties and cell interactions.</p><p>A method for microbial cell surface fingerprinting using surface plasmon resonance (SPR) is suggested. Four different <em>Escherichia coli </em>strains were used as model cells. Cell surface fingerprints were generated by registration of the interaction between the cells and four different surfaces, with different physical and chemical properties, when a cell suspension was flown over the surface. Significant differences in fingerprint pattern between some of the strains were observed. The physical properties of the cell surfaces were determined using microelectrophoresis, contact angle measurements and aqueous two-phase partitioning and were compared with the SPR fingerprints. The generated cell surface fingerprints and the physical property data were evaluated with multivariate data analysis that showed that the cells were separated into individual groups in a similar way using principal component analysis plots (PCA).</p><p>Studies of the behaviour of the model cells on stirred cell filtration and in an interaction test with different expanded bed adsorption (EBA) adsorbents were performed. It could be concluded that especially one of the strains behaved differently. Differences in the properties of the model cells were indicated by microelectrophoresis and aqueous two-phase partitioning which to some extent correlated with observed differences in behaviour during filtration and in an interaction test with EBA adsorbents.</p><p>The impact of high-pressure homogenisation of <em>E. coli </em>cell extract was examined, with a lab scale and a pilot scale technique. The DNA-fragmentation, visualised with agarose gel electrophoresis, and the resulting change in viscosity was analysed. A short homogenisation time resulted in increased viscosity of the process solution that correlated with increased concentration of released non-fragmented DNA. With longer homogenisation time the viscosity decreased with increasing degree of DNA-fragmentation.</p><p>The results show that strain dependant cell surface properties of<em> E. coli</em> may have an impact on several primary steps in downstream processing.</p>

In this work the electrical insulating properties of the nanocomposite materials based on poly(ethylene-co-butyl acrylate) filled with alumina nanoparticles are studied. The dielectric properties chosen for the evaluation are the dielectric permittivity and loss as well as the breakdown strength and the pre-breakdown currents. The reason for choosing these particular properties is partly due to the importance of these for the general electrical applications and partly due to the uncertainties involved for these particular properties of the nanocomposite materials. The importance of moisture absorption for the dielectric properties is outlined in this work. All measurements were performed in both dry conditions and after conditioning of the materials in humid environment until saturation. The data for moisture absorption was taken from the water absorption study performed at the Department of Fibre and Polymer Technology, KTH. The dielectric spectroscopy in frequency domain was employed for measuring dielectric permittivity and loss. Havriliak-Negami approximation was used for characterization of the measurement data and at the same time ensuring the fulfillment of the Kramers-Kronig relations. Results from the dielectric spectroscopy study in dry conditions suggest that dielectric spectroscopy can be used for evaluating nanoparticle dispersion in the host matrix, based on correlation between the morphology data obtained from SEM investigation and the scatter in the dielectric loss. The dielectric spectroscopy study performed on the nanocomposites after conditioning in humid environment showed that absorbed moisture has a distinct impact on the dielectric loss. Especially pronounced is its’ influence on the frequency behavior, when the dielectric loss peaks are shifted towards higher frequencies with increased moisture content. The nanocomposite materials characterized by higher specific surface area generally exhibit higher dielectric losses. Surface functionalization of the nanoparticles does not seem to have much influence on the dielectric loss in dry conditions. After conditioning in humid environment, however, the surface modification was shown to have a significant impact. Temperature is another significant factor for the frequency behavior of the dielectric loss: it was found that the studied nanocomposites can be characterized by Arrhenius activation. The breakdown strength and pre-breakdown currents study outlined the influence of moisture as well. The study indicated that surface treatment of the nanoparticles can enhance properties of the nanocomposite materials, namely aminopropyltriethoxy silane was an especially successful choice: • The highest breakdown strength was determined by the study for NDA6 material formulation in dry conditions. • After conditioning in humid environment the NDA6 material continued showing the best breakdown strength among the nanocomposite mate rials, as well as this value was close to the breakdown strength of the reference unfilled material. This study confirms the existence of the optimal nanofiller content or rather optimal specific surface area of the dispersed nanoparticles in the host matrix. The latter is supported by the comparison between the nanocomposites based on nanoparticles with two different specific surface areas, which shows that the dielectric properties worsen, i.e. the dielectric losses increase and the influence of absorbed moisture on the breakdown strength becomes more pronounced, for nanomaterials with larger specific surface area. The pre-breakdown currents were found to follow space-charge limited conduction mechanism reasonably well. The following conduction regimes were identified: constant region (likely due to measurement difficulties at low field strengths), Ohm’s regime, trap-filled-limit regime and trapfree dielectric regime. The breakdown usually occurred either during the trap-filled-limit regime, when the current increased dramatically for the small change in electric field, or during the trapfree dielectric regime. The threshold values between different conduction regimes seem to correlate well with the oxidation induction times (OIT), which in turn depend on the total specific surface area. The pre-breakdown currents tend to be highest for the materials filled with the untreated nanoparticles. Increased absorbed moisture content causes higher pre-breakdown currents for the nanocomposite materials, while for the reference unfilled material the pre-breakdown currents do not show such tendency. Generally it can be said that the repeatability in the measured data is higher for the nanocomposite materials in comparison to the unfilled host material, as was demonstrated by both dielectric spectroscopy and breakdown studies. / <p>QC 20130207</p>

Clonally variant gene expression (CVGE) is a common survival strategy used by many pathogens, including the malaria parasite Plasmodium falciparum. Among the genes that show CVGE are several members of the clag and eba families. The active or repressed state of clag3.1, clag3.2 and eba‐140 is transmitted epigenetically and is controlled by the euchromatic or heterochromatic state of bistable chromatin domains, characterised by H3K9ac and H3K9me respectively. Both of these modifications are maintained throughout the asexual cycle to transmit epigenetic memory. We have characterised CVGE on a genome‐wide level and found that it is widespread. Using clag3.2 in proof‐of‐principle experiments, we demonstrate that CVGE for genes other than var can be reproduced in an episomal system and provide preliminary evidence that CVGE is regulated by the spontaneous formation of facultative heterochromatin. The mutually exclusive expression of clag3.1 and clag3.2 is also addressed, including the characterisation of a neighbouring noncoding RNA. / La variació clonal en l'expressió gènica (CVGE) és una estratègia de supervivència comú utilitzada per molts patògens, incloent el paràsit de la malària Plasmodium falciparum. Entre els gens que mostren CVGE hi ha diversos membres de les famílies clag i eba. L'estat actiu o inactiu de clag3.1, clag3.2 i eba‐140 es transmet epigenèticament i és controlat per l'estat eucromatínic o heterocromatínic de dominis de cromatina biestables, caracteritzats respectivament per H3K9ac i H3K9me. Ambdues modificacions es mantenen durant tot el cicle asexual per transmetre la informació epigenètica. També hem caracteritzat la CVGE a nivell de tot el genoma, i hem vist que afecta un gran nombre de gens. Experiments preliminars amb clag3.2 ens demostren que la CVGE de gens diferents que var es pot reproduir en un sistema episomal I proporcionen evidència preliminar de què la CVGE està regulada per la formació espontània d’heterocromatina facultativa. També s’ha estudiat l'expressió mútuament exclusiva de clag3.1 i clag3.2, incloent la caracterització d’un ARN no‐codificant veí.

Magister Legum - LLM / South Africa

Magister Legum - LLM

This master thesis is based on analyses of the Cypriot banking sector from 2010 to 2016. The aim is to describe the effects of the recent financial crisis in Cyprus to locally operating banks, to assess the assistance provided to Cypriot banks and especially to analyze the development of systemically important Cypriot banking institutions, namely the Bank of Cyprus Group, Cooperative Central Bank, Hellenic Bank and RCB Bank Ltd with emphasis on the most important banking institution in Cyprus. The work draws mainly from published financial results of the systemic banks and from the Central Bank of Cyprus representing the consolidated banking sector. Furthermore, for the purpose of this study was used the Eurostat database, EBA and the IMF periodicals, along with the websites of the credit rating agencies.

Bab edh-Dhra is the most extensively excavated cemetery from Early Bronze Age, Jordan. Despite thorough study, the social structure and existence of social inequality remain unclear. This was addressed using osteological evidence of physiological stress to compare between family tombs. In societies exhibiting social inequality, individuals of lower status experience higher levels of stress. Evidence of physiological stress (femoral length, LEH, metabolic disorders, periosteal reactions, cribra orbitalia, and porotic hyperostosis) was recorded using standard methods for 250 adults. The artifact counts in this study have been previously published. Differences in the frequency of stress indicators were compared using chi-square tests. The results show no difference in the frequency of stress indicators between tombs and no correlation between artifacts and frequency of stress indicators. This indicates that families at Bab edh-Dhra experienced similar stress levels and low inequality. This may be due to cultural practices, subsistence methods or lack of data.

Abstract The aim of the present study was to increase the understanding of how the cell surface properties affect the performance of unit operations used in primary protein purification. In particular, the purpose was to develop, set up and apply methods for studies of cell surface properties and cell interactions. A method for microbial cell surface fingerprinting using surface plasmon resonance (SPR) is suggested. Four different Escherichia coli strains were used as model cells. Cell surface fingerprints were generated by registration of the interaction between the cells and four different surfaces, with different physical and chemical properties, when a cell suspension was flown over the surface. Significant differences in fingerprint pattern between some of the strains were observed. The physical properties of the cell surfaces were determined using microelectrophoresis, contact angle measurements and aqueous two-phase partitioning and were compared with the SPR fingerprints. The generated cell surface fingerprints and the physical property data were evaluated with multivariate data analysis that showed that the cells were separated into individual groups in a similar way using principal component analysis plots (PCA). Studies of the behaviour of the model cells on stirred cell filtration and in an interaction test with different expanded bed adsorption (EBA) adsorbents were performed. It could be concluded that especially one of the strains behaved differently. Differences in the properties of the model cells were indicated by microelectrophoresis and aqueous two-phase partitioning which to some extent correlated with observed differences in behaviour during filtration and in an interaction test with EBA adsorbents. The impact of high-pressure homogenisation of E. coli cell extract was examined, with a lab scale and a pilot scale technique. The DNA-fragmentation, visualised with agarose gel electrophoresis, and the resulting change in viscosity was analysed. A short homogenisation time resulted in increased viscosity of the process solution that correlated with increased concentration of released non-fragmented DNA. With longer homogenisation time the viscosity decreased with increasing degree of DNA-fragmentation. The results show that strain dependant cell surface properties of E. coli may have an impact on several primary steps in downstream processing. / QC 20101129

Ecosystem-based adaptation (EbA) champions the use of biodiversity and ecosystem services to help people adapt to the adverse effects of climate change. Moreover, EbA presents an exemplary opportunity to confer social-ecological resilience. But how can such initiatives be effectively implemented and managed towards a resilient supply of key ecosystem services? Through case study research on community-led water sow and harvest (WSH) – a traditional form of EbA in the Peruvian Andes – this thesis explores social-ecological conditions for self-organization, collaboration and learning for the adoption of the practice, as well as the emergence of adaptive co-management (ACM) and its potential for building local water resilience. Qualitative data collected from interviews and participatory observations were thematically coded, and analysed for self-organization using the Multilevel Nested Framework (Ostrom 2009) and subsequently for social learning using ACM literature. This study found that self-organization for the adoption of WSH was primarily influenced by strong leadership, the importance of the water resource to the community, and users bonded by formal institutions of collective choice and social norms rooted in Andean culture. In addition, four types of collaboration and five learning activities were found to conform a social learning process and result in social learning outcomes for enhanced adaptive capacity, indicating the emergence of ACM around community-led WSH. By supporting knowledge exchange through a social network, ACM allows the practice to be scaled-up to create enabling legislation, scaled-out to increase the number of communities adopting WSH, and scaleddeep to support cultural internalization of the practice. Such scaling can potentially enable community-led WSH to build local water resilience through: 1) implementation at the landscape level to match the scale of ecological processes that sustain water ecosystem services; and 2) continuous management over time to support adaptive forms of water resource governance in the face of change and uncertainty.