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News release: “The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commission (IOSCO) today released for comment the consultative report on the Principles for Financial Market Infrastructures. The CPSS and IOSCO expect these principles to play an important role in the future regulation of financial market …
Securitization is not that evil after all – by Ugo Albertazzi, Ginette Eramo, Leonardo Gambacorta and Carmelo Salleo, Working Papers No 341, March 2011 “A growing number of studies on the US subprime market indicate that, due to asymmetric information, credit risk transfer activities have perverse effects on banks’ lending standards. We investigate a large …
Reducing the Deficit: Spending and Revenue Options, March 10, 2011 “Federal budget deficits will total $7 trillion over the next decade if current laws remain unchanged, the Congressional Budget Office (CBO) projects. If certain policies that are scheduled to expire under current law are extended instead, deficits may be much larger. Beyond the coming decade, …
Measuring the systemic importance of interconnected banks, by Mathias Drehmann and Nikola Tarashev, Working Papers No 342, March 2011 “We develop a measure of systemic importance that accounts for the extent to which a bank propagates shocks across the banking system and is vulnerable to propagated shocks. Based on Shapley values, this measure gauges the …
You Have No Sovereignty Where We Gather Wikileaks and Freedom, Autonomy and Sovereignty in the Cloud, Balázs Bodó – Budapest University of Technology and Economics; Stanford Law School Center for Internet and Society, March 7, 2011 “Wikileaks represents a new type of (h)activism, which shifts the source of potential threat from a few, dangerous …
Forest Service: Continued Work Needed to Address Persistent Management Challenges, GAO-11-423T, March 10, 2011 Indian Country Criminal Justice: Departments of the Interior and Justice Should Strengthen Coordination to Support Tribal Courts, GAO-11-252, February 14, 2011
“The new data.gov.au site has now been released and I invite you to explore, access and reuse the data available on the site. The release of public sector information in the form of datasets allows the commercial, research and community sectors to add value to government data in new, innovative and exciting ways. Data.gov.au plays …
Official Google Blog: “Now theres yet another way to find more of what you want on Google by blocking the sites you dont want to see. Youve probably had the experience where youve clicked a result and it wasnt quite what you were looking for. Many times youll head right back to Google. Perhaps the …
A Primer on Corporate Governance, by Olivier Serrat – “Good corporate governance helps an organization achieve its objectives; poor corporate governance can speed its decline or demise. Never before has the glare of the spotlight focused so much on boards of directors. Corporate governance has emerged from obscurity and become a mainstream topic.” Direction and …
Economic Projections from the January FOMC Meeting, Brent Meyer – Federal Reserve Bank of Cleveland “Most participants continued to judge the uncertainty accompanying their projections for all forecasted variables as elevated when compared to historical norms. However, the Committee did change its assessment of the risks to its growth and inflation projections. The majority of …
Center for Responsive Politics Reports on wealth of Freshman House and Senate Members – [To download a spreadsheet containing raw data in part used to produce this report, click here: personalfinances_3_2011.xls] “No matter that theyre the newest kids in Congress. Like their veteran counterparts, U.S. House and U.S. Senate freshmen are together a notably wealthy …
