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Daily Archives: June 3, 2013

CRS – Who Regulates Whom and How? An Overview of U.S. Financial Regulatory Policy for Banking and Securities Markets

Who Regulates Whom and How? An Overview of U.S. Financial Regulatory Policy for Banking and Securities Markets, May 28, 2013. “This report provides an overview of the regulatory policies of the agencies that oversee banking and securities markets and explains which agencies are responsible for which institutions, activities, and markets. Some agencies regulate particular types of institutions for risky behavior or conflicts of interest, some agencies promulgate rules for certain financial transactions no matter what kind of institution engages in them, and other agencies enforce existing rules for some institutions, but not for others. These regulatory activities are not necessarily mutually exclusive.”

New York Fed Launches Interactive Regional Indicators of Consumer Debt

News release: “The Federal Reserve Bank of New York today launched an interactive regional indicators tool that allows users to view non-housing consumer debt for borrowers in New York, New Jersey and Connecticut.  The tool shows statistics for student loans, auto loans and credit cards by age group for each state in user-defined combinations.  Also provided areContinue Reading

TRAC – Legal Noncitizens Receive Longest ICE Detention

Transactional Records Access Clearinghouse: “Timely Immigration and Customs Enforcement (ICE) data about the custody history of detainees who were deported or released by the government during November and December of 2012 shows wide variation in their detention times. For four out of every ten, custody ended very quickly — within three days. And for moreContinue Reading

Public Interest Group Reports Document Offshore Holdings of Major Corporations

Citizens for Tax Justice: “Apple is one of eighteen Fortune 500 companies that disclose, in their latest annual reports, that they would pay at least a 30 percent U.S. tax rate on their offshore income if repatriated. This figure is a clear indication that very little tax has been paid on those profits to anyContinue Reading

Presentation: Survey of Government IT Professionals – Disaster Unpreparedness

“So, how confident are Fed IT professionals in their agencies’ DR2 capabilities?  How ready and resilient are the systems, and do agencies verify by testing? To find out, MeriTalk surveyed 150 Federal DoD and civilian IT professionals in December 2012. The Disaster Unpreparedness report reveals that few agencies are actually prepared to recover their data inContinue Reading

New GAO Report – USDA’s Implementation of New State-Delegated Meat Inspection Program Needs Additional Action

Agriculture and Food: USDA’s Implementation of New State-Delegated Meat Inspection Program Addresses Most Key Farm Bill Requirements, but Additional Action Needed, GAO-13-332R, May 30, 2013: “USDA’s Food Safety Inspection Service (FSIS) completed most of the key activities outlined in the Food, Conservation, and Energy Act of 2008 (the 2008 Farm Bill), which authorized a new meat andContinue Reading

Speech – Regulatory Landscapes: A U.S. Perspective

Vice Chair Board of Governors of the Federal Reserve System, Janet L. Yellen, At the International Monetary Conference, Shanghai, China, June 2, 2013 - Regulatory Landscapes: A U.S. Perspective: “The financial crisis revealed that banking firms around the world did not have enough high-quality capital to absorb losses during periods of severe stress. The Basel III reforms promulgatedContinue Reading

NISO Publishes Recommended Practice and Technical Report on Improving OpenURLs Through Analytics

News release: “The National Information Standards Organization (NISO) announces the publication of a new recommended practice, Improving OpenURLs Through Analytics (IOTA): Recommendations for Link Resolver Providers (NISO RP-21-2013). These recommendations are the result of a three-year study performed by the NISO IOTA Working Group in which millions of OpenURLs were analyzed and a Completeness Index was developedContinue Reading

FINRA Foundation Releases Nation’s State-by-State Financial Capability Survey

News release: “The FINRA Investor Education Foundation (FINRA Foundation) today released the results of America’s State-by-State Financial Capability Survey. The survey findings are available at www.usfinancialcapability.org, which features a clickable map of the United States and allows the public, policymakers and researchers to delve into and compare the financial capabilities of Americans across all 50 statesContinue Reading

The Financial Crisis, Capital Flows, and Global Liquidity – IMF Keynote Speech

The Financial Crisis, Capital Flows, and Global Liquidity Keynote Speech by Naoyuki Shinohara, Deputy Managing Director, International Monetary Fund, Bank of Korea International Conference 2013. Seoul, Korea, June 3, 2013:  “The latest IMF forecasts show that the world economy is strengthening. But this is happening only little by little. World growth is expected to reachContinue Reading

BIS: Speech – Global liquidity: where do we stand?

Global liquidity: where do we stand? Speech by Jaime Caruana, General Manager of the Bank for International Settlements, prepared for the Bank of Korea International Conference 2013 on “Assessing global liquidity in a global framework”, Seoul, 4 June 2013. “Global financial conditions show strong cross-currents and merit policymakers’ attention. In countries at the centre of the globalContinue Reading

Paper – DebtRank-transparency: Controlling systemic risk in financial networks

DebtRank-transparency: Controlling systemic risk in financial networks, Stefan Thurner and Sebastian Poledna: “Banks in the interbank network can not assess the true risks associated with lending to other banks in the network, unless they have full information on the riskiness of all the other banks. These risks can be estimated by using network metrics (for example DebtRank)Continue Reading