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Category Archives: Financial System

World Bank Commodity Markets Outlook April 2016

“Amid improving market sentiment and a weakening dollar, the World Bank is raising its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest Commodity Markets Outlook, as an oversupply in markets is expected to recede. The crude oil market rebounded from a low of $25 per barrel inContinue Reading

Report – The potential impact of Brexit on European capital markets

Via New Financial – “Capital markets across Europe would be significantly disrupted if the UK votes to leave the EU in the referendum on June 23rd. This would create uncertainty, complexity and increased cost for market participants and their customers in the UK and the rest of the EU – according to our in-depth qualitative survey ofContinue Reading

CRS – Protection of Trade Secrets: Overview of Current Law and Legislation

Protection of Trade Secrets: Overview of Current Law and Legislation, Brian T. Yeh, Legislative Attorney. April 22, 2016. “A trade secret is confidential, commercially valuable information that provides a company with a competitive advantage, such as customer lists, methods of production, marketing strategies, pricing information, and chemical formulae. (Well- known examples of trade secrets includeContinue Reading

Interest rate risk in the banking book

“The Basel Committee on Banking Supervision has today issued standards for Interest Rate Risk in the Banking Book (IRRBB). The standards revise the Committee’s 2004 Principles for the management and supervision of interest rate risk, which set out supervisory expectations for banks’ identification, measurement, monitoring and control of IRRBB as well as its supervision. TheContinue Reading

BIS international banking statistics at end-December 2015

“The Bank for International Settlements (BIS) today released international banking statistics for the quarter and year ending in December 2015. The slowdown in cross-border banking activity that began in early 2015 broadened in the final quarter of the year. Whereas in Q3 2015 this slowdown was most pronounced for interbank activity and lending to emergingContinue Reading

New Apps Help Taxpayers Report Waste, Fraud and Abuse

Stateline: “Cities and states have long had hotlines for reporting misuse of government resources. But mobile apps bring a new level of sophistication. They allow people to submit photos and videos in support of their claims; and in some cases auditors can use the app to respond and ask for follow-up information, all while maintainingContinue Reading

Foreclosure Lawsuits Up Nearly a Third from Last Year

Transactional Records Access Clearinghouse – “The latest available data from the federal courts show that during March 2016 the government reported 505 new foreclosure civil filings. While this is still significantly lower than the peak monthly level of such lawsuits filed in May and June of 2012, it has increased by almost one-third (32.7%) fromContinue Reading

Eurostat Data Now Available on Social Explorer

Via Social Explorer: “Detailed European demographic data are now available on Social Explorer. This new European dataset includes population numbers and detailed characteristics, as well as births, deaths and migration. Data for 2013 are now available with additional years coming soon. Visualize European Statistics (Eurostat) demography for dozens of countries country. Eurostat, the statistical office ofContinue Reading

Brookings – Twelve facts about food insecurity and SNAP

Diane Whitmore Schanzenbach, Lauren Bauer and Greg Nantz – “One in seven households was food insecure in 2014 – meaning that at some time during the year the household had difficulty providing enough food for all their members due to a lack of resources. To explore the persistent and troubling problem of hunger in America,Continue Reading

Crime in 2015: A Final Analysis

Brennan Center for Justice: Ames Grawert and James Cullen – “This analysis provides final crime data to update the report, Crime in 2015: A Preliminary Analysis. It finds the same conclusions as that report (and its December 2015 update), with slightly different percentages.” Summary of Findings: “The analysis examines crime in the 30 largest citiesContinue Reading

Financial Institutions: Fines, Penalties, and Forfeitures for Violations of Financial Crimes and Sanctions Requirements

“Since 2009, financial institutions have been assessed about $12 billion in fines, penalties, and forfeitures for violations of Bank Secrecy Act/anti-money- laundering regulations (BSA/AML), Foreign Corrupt Practices Act of 1977 (FCPA), and U.S. sanctions programs requirements by the federal government. Specifically, GAO found that from January 2009 to December 2015, federal agencies assessed about $5.2Continue Reading

Growth in Personal Income Shows Uneven U.S. Recovery

Pew Charitable Trusts: “One of the longest U.S. economic expansions in history has lifted personal income in all states. But growth has varied, from a constant annual rate of less than 1 percent in Nevada to more than 5 percent in North Dakota since the start of the Great Recession. A handful of states, though,Continue Reading