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Daily Archives: November 3, 2015

Information on global systemically important banks published by the Basel Committee

“In conjunction with today’s publication by the Financial Stability Board of the updated list of global systemically important banks (G-SIBs), the Basel Committee on Banking Supervision has released further information. This information includes:
•    a list of all the banks in the assessment sample;
•    the denominators used to calculate the scores for banks in the exercise;
•    the cutoff score that was used to identify the updated list of G-SIBs;
•    the thresholds used to allocate G-SIBs to buckets for the purposes of calculating the specific higher loss absorbency requirements for each institution; and
•    links to the disclosures of all the banks in the assessment sample in 2015.
As detailed in the Committee’s July 2013 publication, the methodology for assessing the systemic importance of banks consists of an indicator-based measurement approach. The indicators are calculated based on data for the previous fiscal year-end supplied by banks and validated by national authorities. After the automated calculation is produced, bank scores may in exceptional cases be adjusted by supervisory judgment. The final score, including the use of judgment, is then mapped to the corresponding bucket using the cut-off score and bucket thresholds. The assignment to a bucket determines the higher loss absorbency requirement for each G-SIB. The agreed methodology also requires all the banks in the assessment sample to disclose, at a minimum, the 12 indicators used. However, given the potential for the use of supervisory judgment to adjust scores, the data disclosed by banks may not always be perfectly consistent with the final bucketing published today. The higher loss absorbency requirements will be phased in from 1 January 2016, based on the end-2013 results published last year, with the full amount of the requirement in effect by 1 January 2019, consistent with the implementation schedule for the capital conservation buffer. This requirement published today represents the amount of capital designated G-SIBs must hold beginning 1 January 2017, subject to the phase-in arrangements.”

Economic Census Data on Real Estate and Rental and Leasing

“The 2012 Economic Census concludes the Geographic Area Series for the real estate and rental and leasing sector. This series includes statistics for real estate, rental and leasing services and lessors of nonfinancial intangible assets (except copyrighted works). The files provide statistics on the number of establishments, revenue, payroll, number of employees and other data… Continue Reading

In US Telecommuting for Work Climbs to 37%

Gallup – Jeffrey M. Jones – Thirty-seven percent of U.S. workers say they have telecommuted, up slightly from 30% last decade but four times greater than the 9% found in 1995. Average worker telecommutes two days per month 46% of telecommuters do so during the workday Most say telecommuters just as productive as other employees… Continue Reading

Rising morbidity and mortality in midlife among white non-Hispanic Americans in the 21st century

Rising morbidity and mortality in midlife among white non-Hispanic Americans in the 21st century – Anne Case and Angus Deaton, Princeton University, Proceedings of the National Academy of Sciences. Published online before print November 2, 2015, doi: 10.1073/pnas.1518393112 November 2, 201. “This paper documents a marked increase in the all-cause mortality of middle-aged white non-Hispanic men… Continue Reading

FFIEC Releases Statement on Cyber Attacks Involving Extortion

“The Federal Financial Institutions Examination Council (FFIEC) members today issued a statement alerting financial institutions to the increasing frequency and severity of cyber attacks involving extortion. The statement describes steps financial institutions should take to respond to these attacks and highlights resources institutions can use to mitigate the risks posed by such attacks. Cyber attacks… Continue Reading

FOIA Survey Shows Agencies Improved But Far From Perfect

“Two-thirds of 21 agencies are now responding and providing usable data in the FOIA survey being conducted by the Transactional Records Access Clearinghouse (TRAC). This represents an improvement over just seven agencies that gave adequate responses in April. However, seven other agencies are still failing to provide requested records after four rounds of quarterly requests.… Continue Reading