Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Category Archives: Financial System

The 2014 Long-Term Budget Outlook

“Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing its debt to soar. The total amount of federal debt held by the public is now equivalent to about 74 percent of the economy’s annual output, or gross domestic product (GDP)—a higher percentageContinue Reading

Foreign Exchange Benchmarks – consultation paper

“In February 2014, reflecting a number of concerns raised about the integrity of foreign exchange (FX) benchmarks, the Financial Stability Board decided to incorporate an assessment of FX benchmarks into its ongoing programme of financial benchmark analysis. The Foreign Exchange Benchmarks Group was established to undertake a review of FX benchmarks and analyse market practices inContinue Reading

SEC Clamps Down On XBRL Filing Holdouts – InformationWeek

“The Securities and Exchange Commission is clamping down on public companies that fail to submit their financial disclosure statements as structured data, agency officials said. The SEC’s Division of Corporation Finance sent letters on July 7 to an unspecified number of companies that are not submitting their financial disclosure statements as machine-readable, structured data. The move comesContinue Reading

New York Fed Survey of Consumer Expectations – July 2014

“The New York Fed’s Survey of Consumer Expectations (SCE) provides timely and comprehensive information about consumer expectations through three broad categories: inflation, labor market and household finance. The SCE contains monthly insight about how consumers expect overall inflation and prices for food, gas, housing, education and medical care to change over time. It also provides Americans’ viewsContinue Reading

2014 CoreLogic Storm Surge Analysis

News release: “CoreLogic®, a leading global property information, analytics and data-enabled services provider, today released its 2014 storm surge analysis featuring estimates on both the number and reconstruction value of single-family homes exposed to hurricane-driven storm surge risk within the United States. According to the findings, more than 6.5 million homes along the U.S. Atlantic and GulfContinue Reading

State Department Maps State Benefits from Investments Abroad

“The U.S. Department of State launched a new interactive map that shows how investments abroad are paying dividends back home in America.  For about a 1% investment of the Federal budget, the State Department yields a large return for the American people by protecting U.S. national security, promoting our economic interests, providing services, and reaffirming our country’sContinue Reading

The World in 2025 – 10 Predictions of Innovation

“This paper is a compilation of 10 innovation predictions for the world in 2025, based on research done by Thomson Reuters analysts using the company’s patent and scientific literature solutions. In some cases, the analysts found a growing body of work that gave additional credence to the prediction. In others, the topic was still emerging.Continue Reading

New SIPRI military expenditure data for NATO countries

“SIPRI’s extended dataset of military expenditure of North Atlantic Treaty Organization (NATO) member states is now freely available online, alongside our main military expenditure dataset for all countries. The data, which makes use of NATO data on members’ military spending and other sources, extends back at least to each country’s year of joining…The 15 countries withContinue Reading

Key Questions Raised by the CFTC’s Plans for Non-US CCPs

DavisPolk - A version of this article was first published in Risk Magazine on June 24, 2014. [snipped] “As swaps clearing rules take effect around the world, recognition of foreign clearinghouses by domestic  regulators is becoming increasingly important—and so are the international standards for clearinghouses, the Principles for financial market infrastructures (the “PFMIs”) developed by CPSS-IOSCO.Continue Reading

Childcare Subsidies and Household Labor Supply

Guner, Nezih and Kaygusuz, Remzi and Ventura, Gustavo, Childcare Subsidies and Household Labor Supply. IZA Discussion Paper No. 8303. Available for download at SSRN: http://ssrn.com/abstract=2465338 “What would be the aggregate effects of adopting a more generous and universal childcare subsidy program in the U.S.? We answer this question in a life-cycle equilibrium model with joint labor-supplyContinue Reading

World Trends in Freedom of Expression and Media Development

“Freedom of expression in general, and media development in particular, are core to  UNESCO’s constitutional mandate to advance ‘the mutual knowledge and understanding  of peoples, through all means of mass communication’ and promoting ‘the free flow of ideas by word and image.’ For UNESCO, press freedom is a corollary of the general right to freedomContinue Reading

Banks Try to Tame Gadget-Flooded Workplace with Management Software

American Banker: “MDM [mobile device management] software has been available for awhile, but it is being slowly adopted by banks. Many of these banks once used only BlackBerry products, but the Ponemon study found that 23% of banks are migrating from BlackBerry to a multi-OS mobile environment and 18% plan to do so. And a recent ForresterContinue Reading