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Category Archives: Financial System

U.S. Uncleared Swap Margin, Capital and Segregation Rules

Presentation by Davis Polk & Wardwell LLC – snipped – Introduction – U.S. prudential regulators (the OCC , Federal Reserve, FDIC, FCA and FHFA) and the CFTC have finalized uncleared swap margin , capital and segregation requirements (the “PR rules,” and “ CFTC rules,” respectively, and the “final rules,” collectively [note – The CFTC hasContinue Reading

Global Housing Watch Report – January 2016 Update

IMF – “The January 2016 issue of the Global Housing Watch Quarterly Update includes: An update of the five core charts: the Global House Price Index, real house price growth , real credit growth, house price-to-income ratio , and house price-to-rent ratio across countries (pages 1 to 6); A summary of a recent conference thatContinue Reading

OECD – Measuring and Assessing Well-Being in Israel

“Israel’s economy has strong fundamentals, but the country needs to address productivity, inequality and poverty if it wants to improve well-being and reduce socio-economic divides, according to the OECD’s latest Economic Survey of Israel. The release coincided with the fifth anniversary of Israel’s accession to the OECD. The Survey was presented by OECD Secretary-General, AngelContinue Reading

White House – Taking Action to Advance Equal Pay

“Summary:  On the 7th anniversary of the Lilly Ledbetter Fair Pay Act, President Obama is announcing new actions the Administration is taking to advance equal pay for all workers…The Equal Employment Opportunity Commission (EEOC), in partnership with the Department of Labor, is publishing a proposal to annually collect summary pay data by gender, race, andContinue Reading

The Federal Reserve’s Financial Crisis Response E

Wiggins, Rosalind Z. and Metrick, Andrew, The Federal Reserve’s Financial Crisis Response E: The Term Asset-Backed Securities Loan Facility (January 27, 2016). Available for download at SSRN: http://ssrn.com/abstract=2723614 “Securitization is a process that allows banks and other lenders to package loans and sell them as bonds called asset-backed securities (ABS), removing them from their balanceContinue Reading

OCC Report Highlights Top Risks Facing National Banks and Federal Savings Associations

“Strategic, underwriting, cybersecurity, compliance, and interest rate risks lead the Office of the Comptroller of the Currency’s (OCC) supervisory concerns in its Semiannual Risk Perspective for Fall 2015, released [December 15, 2015]. The report noted that the risks associated with underwriting and cybersecurity are increasing, while strategic, compliance, and interest rate risks remain stable. HighlightsContinue Reading

Sen. Elizabeth Warren releases document on DOJ and SEC corporate law enforcement

Via International Business Times – A New York Times Op-Ed today by Massachusetts Senator Elizabeth Warren was coordinated with the release by her office of a 12 page investigative report titled, Rigged Justice: How Weak Enforcement Let Corporate Offenders Off Easy, “that documents 20 civil and criminal cases that in her opinion lacked adequate accountability. ThoseContinue Reading

Paper – Linking ‘toxic outliers’ to environmental justice communities

Linking ‘toxic outliers’ to environmental justice communities. Mary B Collins, Ian Munoz and Joseph JaJa. Published 26 January 2016 © 2016 IOP Publishing Ltd • Environmental Research Letters, Volume 11, Number 1 “Several key studies have found that a small minority of producers, polluting at levels far exceeding group averages, generate the majority of overallContinue Reading

Federal Reserve Board releases supervisory scenarios for 2016 Comprehensive Capital Analysis and Review

“The Federal Reserve Board on Thursday, January 28, 2016 released the supervisory scenarios for the 2016 Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act stress test exercises and also issued instructions to firms participating in CCAR. This year, CCAR will include 33 bank holding companies with $50 billion or more in total consolidated assets.Continue Reading

2016 Survey of the States: Economic and Personal Finance Education in Our Nation’s Schools

“The 2016 Survey of the States shows that there has been slow growth in personal finance education in recent years and no improvement in economic education.  2016 Key Findings Since 2014, two additional states include personal finance in their K-12 standards and require those standards to be taught. While more states are implementing standards inContinue Reading

Consumer Financial Protection Bureau Monthly Complaint Report January 2016

“The Consumer Financial Protection Bureau (CFPB) is the first federal agency solely focused on consumer financial protection and consumer complaints are an integral part of that work. The CFPB’s Office of Consumer Response hears directly from consumers about the challenges they face in the marketplace, brings their concerns to the attention of companies, and assistsContinue Reading

The U.S. Bilateral Repo Market: Lessons from a New Survey

Office of Financial Research – Brief 16-01, January 13, 2016:  The U.S. Bilateral Repo Market: Lessons from a New Survey by Viktoria Baklanova, Cecilia Caglio, Marco Cipriani, Adam Copeland. “We provide aggregate statistics on U.S. dealers’ bilateral repurchase agreements and economically equivalent securities lending activities. The data were collected from the U.S.-affiliated securities dealers of nineContinue Reading