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Author Archives: Sabrina I. Pacifici

FTC Issues Annual Financial Acts Enforcement Letter to CFPB

News release: “The Federal Trade Commission has issued its annual letter to the Consumer Financial Protection Bureau (CFPB) on FTC enforcement and related activities regarding the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), Electronic Fund Transfer Act (EFTA), and Equal Credit Opportunity Act (ECOA). This year’s letter also discusses the Dodd-Frank Act, and… Continue Reading

Creating a Safer Financial System: Will the Volcker, Vickers, and Liikanen Structural Measures Help?

Creating a Safer Financial System: Will the Volcker, Vickers, and Liikanen Structural Measures Help? Vinãls, José; Pazarbasioglu, Ceyla; Surti,Ja; Narain,Aditya; Erbenova,Michaela; Chow, Julian. May 14, 2013 “The U.S., the U.K., and more recently, the E.U., have proposed policy measures directly targeting complexity and business structures of banks. Unlike other, price-based reforms (e.g., Basel 3 and… Continue Reading

Paper – Are elite journals declining?

Via arXiv.orgL: Are Elite Journals Declining? “Previous work indicates that over the past 20 years, the highest quality work have been published in an increasingly diverse and larger group of journals. In this paper we examine whether this diversification has also affected the handful of elite journals that are traditionally considered to be the best.… Continue Reading

Fund Flows in Rational Markets

Franzoni, Francesco A. and Schmalz, Martin C., Fund Flows in Rational Markets (May 12, 2013). Available at SSRN “When investors are risk-averse, relative performance in downturns is more informative about managers’ ability to generate utility for investors than relative performance in upturns. Rational investors thus reallocate more wealth between funds in response to downturn-performance than… Continue Reading

NOAA and Partners Deliver New Climate and Health Data Tool to Public

“This week, in conjunction with the release of the Obama Administration Open Data Policy, the interagency U.S. Global Change Research Program (USGCRP) launched a new online tool that promises to accelerate research relating to climate change and human health—the Metadata Access Tool for Climate and Health or “MATCH.” MATCH is a publicly accessible, online tool… Continue Reading

DOJ obtained recordings of 20 AP telephone lines

New York Times: “The Justice Department secretly obtained two months of telephone records of reporters and editors for The Associated Press in what the news cooperative’s top executive called a “massive and unprecedented intrusion” into how news organizations gather the news. The records obtained by the Justice Department listed outgoing calls for the work and… Continue Reading

CREW Releases New Report Examining the Influence of High Frequency Traders in Washington

“Today, Citizens for Responsibility and Ethics in Washington (CREW) released a new report, Rise of the Machines, detailing the growing political influence of high frequency traders in the nation’s capital. High frequency trading, a complicated and controversial method of securities trading, has begun drawing scrutiny from government regulators, prompting skyrocketing lobbying spending and campaign contributions… Continue Reading

New GAO Reports: USDA, Defense Logistics, IRS Internal Controls, AIDS Relief

Agricultural Research – Two USDA Agencies Can Enhance Safeguards against Project Duplication and Strengthen Collaborative Planning, GAO-13-255, Apr 12, 2013 Defense Logistics – The Department of Defense’s Report on Strategic Seaports Addressed All Congressionally Directed Elements, GAO-13-511R, May 13, 2013 Management Report – Improvements Are Needed to Enhance the Internal Revenue Service’s Internal Controls, GAO-13-420R,… Continue Reading

McKinsey – Big data: What’s your plan?

Many companies don’t have one. Here’s how to get started. March 2013 | by Stefan Biesdorf, David Court, and Paul Willmott “The payoff from joining the big-data and advanced-analytics management revolution is no longer in doubt. The tally of successful case studies continues to build, reinforcing broader research suggesting that when companies inject data and… Continue Reading