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Daily Archives: May 9, 2013

Paper – Regulating Systemically Important Financial Institutions That Are Not Banks

Regulating Systemically Important Financial Institutions That Are Not Banks

Douglas J. Elliott: “Certain financial institutions are so central to the American financial system that their failure could cause traumatic damage, both to financial markets and the larger economy. These institutions are often referred to as “systemically important financial institutions” or SIFIs. The Dodd-Frank Act, the comprehensive reform legislation signed into law during the summer of 2010, requires financial regulators belonging to the Financial Stability Oversight Council  (FSOC) to name those financial institutions that it believes are systemically important. Such SIFIs are to be supervised more closely and potentially required to operate with greater safety margins, such as higher levels of capital, and to face further limitations on their activities.”

See also: Douglas J. Elliott, The Fed Will Soon Be Regulating Some Major Life Insurers

On The "Right to Be Forgotten": Challenges and Suggested Changes to the Data Protection Regulation

On The “Right to Be Forgotten”: Challenges and Suggested Changes to the Data Protection Regulation “Since January 2012, the European Union institutions have been debating draft legislation to reform European rules on data protection (commonly referred to as the Data Protection Regulation (DPR)). Article 17 of the proposed DPR presents the concept of a “Right… Continue Reading

FCC- Expanding Access to In-Flight Broadband and Encouraging Innovation

“By this Notice of Proposed Rulemaking (Notice), the Commission proposes to further increase the availability of broadband services onboard airplanes by establishing an air-ground mobile broadband service by which passengers aboard civil and government aircraft can connect to a full range of communications services while flying over the contiguous United States. Consumers increasingly demand ubiquitous… Continue Reading

Executive Order — Making Open and Machine Readable the New Default for Government Information

“To promote continued job growth, Government efficiency, and the social good that can be gained from opening Government data to the public, the default state of new and modernized Government information resources shall be open and machine readable. Government information shall be managed as an asset throughout its life cycle to promote interoperability and openness,… Continue Reading

New GAO Reports; BPD, Federal Reserve Banks, Federal Retirement Processing, Missile Defense, FAA

Bureau of the Public Debt – Areas for Improvement in Information Systems Controls, GAO-13-416R, May 9, 2013 Federal Reserve Banks – Areas for Improvement in Information Systems Controls, GAO-13-419R, May 9, 2013 Federal Retirement Processing – OPM Is Pursuing Incremental Information Technology Improvements after Canceling a Modernization Plagued by Management Weaknesses, GAO-13-580T, May 9, 2013… Continue Reading

TIME and Google launch Timelapse

“Watch the world change over the course of nearly three decades of satellite photography…These Timelapse pictures tell the pretty and not-so-pretty story of a finite planet and how its residents are treating it — razing even as we build, destroying even as we preserve. It takes a certain amount of courage to look at the… Continue Reading

OTC derivatives market activity in the second half of 2012

“The Bank for International Settlements (BIS) released today OTC derivatives statistics at end-December 2012. Developments in the latest data are highlighted in the Statistical release. Detailed breakdowns and time series data are available on the BIS website. Data at end-June 2013 will be released no later than 15 November 2013, in conjunction with the global… Continue Reading

Staying Ahead Of the Curve 2013: AARP Multicultural Work and Career Study

“Staying Ahead of the Curve is AARP’s Multicultural Work and Career Study. These studies – performed in 2002, 2007, and 2013 – provide an in-depth look at workers ages 45-74: their reasons for working, perceived job security, differential treatment received because of age, their ideal work scenario, the challenges they face, their plans for retirement,… Continue Reading

McKinsey – Givers take all: The hidden dimension of corporate culture

Adam Grant: “After the tragic events of 9/11, a team of Harvard psychologists quietly “invaded” the US intelligence system. The team, led by Richard Hackman, wanted to determine what makes intelligence units effective. By surveying, interviewing, and observing hundreds of analysts across 64 different intelligence groups, the researchers ranked those units from best to worst…the… Continue Reading

McKinsey – Lessons from the leading edge of gender diversity

Advancing women to the top may be a journey, but how to do so is no longer a mystery. New research points to four principles that can help just about any company. April 2013 | by Joanna Barsh, Sandra Nudelman, and Lareina Yee. “We interviewed senior leaders (often CEOs, human-resource heads, and high-performing female executives)… Continue Reading

Student Loan Affordability Analysis of Public Input on Impact and Solutions

CFPB: Student Loan Affordability Analysis of Public Input on Impact and Solutions, May 8, 2013 “The Dodd-Frank Wall Street Reform and Consumer Protection Act established a student loan ombudsman within the Consumer Financial Protection Bureau to focus on student loans. Pursuant to the Act, the ombudsman shall conduct analysis on input from borrowers, prepare an… Continue Reading

Vitamin D and Calcium Supplementation to Prevent Fractures in Adults

Vitamin D and Calcium Supplementation to Prevent Fractures in Adults: U.S. Preventive Services Task Force Recommendation Statement “Vitamin D and calcium are known to be important for strong, healthy bones. Both come from certain foods, and vitamin D is also produced in the body after exposure to sunlight. However, many Americans have lower intake or… Continue Reading