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Category Archives: Financial System

Is Your Company Ready for a Big Data Breach?

The Second Annual Study on Data Breach Preparedness – Ponemon Institute© Research Report – Sponsored by Experian® Data Breach Resolution – Independently conducted by Ponemon Institute LLC. Publication Date: September 2014. “Data breaches are increasing in frequency. Forty-three percent of respondents say their companies had a data breach involving the loss or theft of more than 1,000 records, anContinue Reading

CRR’S New Financial Education Website

“Squared Away was created by the Center for Retirement Research at Boston College and funded by a grant from the U.S. Social Security Administration, to provide clear and engaging financial guidance, without any spin or slant, based on the best academic research.” See also WSJ.com – What You Should Know About Social Security – What ‘Full RetirementContinue Reading

Speech by Vice Chairman Stanley Fischer on the Federal Reserve and the global economy

Vice Chairman Stanley Fischer At the Per Jacobsson Foundation Lecture, 2014 Annual Meetings of the International Monetary Fund and the World Bank Group, Washington, D.C. October 11, 2014 “Although the U.S. share of world GDP has gradually declined since the mid-20th century, the broader importance of the United States to the global economy has diminished less, orContinue Reading

At OECD Global Forum, EPIC Urges “Algorithmic Transparency”

“Speaking to delegates at the OECD Global Forum for the Knowledge Economy in Tokyo, EPIC President Marc Rotenberg urged OECD member countries to endorse “algorithmic transparency,” the principle that data processes that impact individuals be made public. Mr. Rotenberg explained that companies are too secretive about what they collect and how they use personal data. Mr.Continue Reading

UH Law Center debuts first database of Fortune 500 company codes of conduct

“The University of Houston Law Center today released a searchable database that contains the compliance codes for Fortune 500 companies.  The project was led by Houston attorney Ryan McConnell, an adjunct professor at the University of Houston Law Center. McConnell worked with a team of recent graduates and current students to develop the database, whichContinue Reading

Characteristics of the Long-Term Unemployed in March 2007 and March 2014

CBO: “House Minority Leader Nancy Pelosi has asked the CBO for information about the characteristics of people who have been unemployed for a long time. Specifically, she asked the agency to describe any changes in those characteristics that occurred between March 2007 and March 2014. In answering that question, this document supplements and updates informationContinue Reading

Sovereign Crises and Bank Financing: Evidence from the European Repo Market

Boissel, Charles and Derrien, François and Ors, Evren and Thesmar, David, Sovereign Crises and Bank Financing: Evidence from the European Repo Market (April 29, 2014). Available for download at SSRN: http://ssrn.com/abstract=2506677 “We examine the impact of the European sovereign debt crisis in 2008-2011 on a key segment of the European interbank market, the General Collateral (GC)Continue Reading

Demographic Trends and Growth in Japan and the United States

NY Fed – Thomas Klitgaard and Preston Mui: “Japan’s population is shrinking and getting older, with the population falling at a 0.2 percent rate this year and the working-age population (ages 16 to 64) falling at a much faster rate of almost 1.5 percent. In contrast, the U.S. population is rising at a 0.7 percent annual rate and the working-age population is risingContinue Reading

Minutes of the Federal Open Market Committee, September 16-17, 2014

“The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 16-17, 2014. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes. The minutes forContinue Reading

IMF – World Economy Needs Smart Fiscal Policies

“Fiscal policies can help support job creation, though designing the right policies will depend on conditions in individual countries. Job creation sits atop the policy agenda globally. High and persistent levels of unemployment call for a broad policy response, generally encompassing structural reform and other economic policies. While fiscal policy cannot substitute for comprehensive reforms, itContinue Reading

Bank Heterogeneity and Capital Allocation: Evidence from “Fracking” Shocks

New York Fed:  Matthew C. Plosser – “This paper empirically investigates banks’ investment allocations over the recent business cycle. I identify unsolicited deposit shocks resulting from unconventional energy development and estimate bank allocations of these deposits. In the pre-recession period, banks lend 38 percent of incremental deposits; however, during the downturn, banks favor liquid assets and lendingContinue Reading

Community Credit Profiles: Mortgage Markets

New York Fed Overview – Explore Maps: “Community Credit Profiles provide local information on credit access and use to help inform community development policymakers and practitioners. Indicators are updated twice a year at the national, state, and county levels to enable peer comparisons and program and activity benchmarks. Homeownership is a widely acknowledged marker of economicContinue Reading