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Bank for International Settlements – Interest rate risk in the banking book – consultative document, June 2015: “The consultative document on the risk management, capital treatment and supervision of interest rate risk in the banking book (IRRBB) expands upon and is intended to ultimately replace the Basel Committee’s 2004 Principles for the management and supervision …
BIS Quarterly Review June 2015 International banking and financial market developments – 167 pages, PDF International banking and financial market developments – Highlights of the BIS international statistics: “Global cross-border claims increased by $11.6 billion between end-September and end-December 2014 on an exchange rate-adjusted basis. Cross-border claims grew at a year-on-year rate of 5%, with …
Via LLRX.com – How Robots and Computer Algorithms are Challenging Jobs and the Economy – Alan Rothman casts an expert eye onto the landscape of an growing phenomenon – the rise of robotic technologies and their current and forthcoming impact on our workforce and on the economy. This review was sparked by a new book …
“IBM is proud to sponsor the tenth annual Cost of Data Breach Study, the industry’s gold-standard benchmark research independently conducted by Ponemon Institute. The study found the average consolidated total cost of a data breach is $3.8 million representing a 23% increase since 2013. The study also reports that the cost incurred for each lost …
The Invisible Learners Taking MOOCs – George Veletsianos: “Anyone, anywhere, at any point in time will be able to take advantage of high quality education.” That could be a tagline from just about any enthusiast or provider of open online courses (often called MOOCs). The intention certainly seems laudable and, if not transformational, at least desirable. What …
The Great Disruption: How Machine Intelligence Will Transform the Role of Lawyers in the Delivery of Legal Services, John O. McGinnis & Russell G. Pearce, Fordham Law Review, Volume 82, No. 6. May 2015, pps 3041-3066. “Law is an information technology—a code that regulates social life. In our age, the machinery of information technology is …
Exponential Finance: Who Will Be the Instagram or Uber of Finance? – Jason Dorrier: “Abra is exemplary of what happens when several digital technologies converge in one product. Combining an Uber-like peer-to-peer network with smartphone technology and blockchain, Abra literally stashes the cash in your pocket on your smartphone. From there, users can send cash as easy …
Via FAS – The 177-page study, prepared for NASA by Johns Hopkins University Applied Physics Laboratory – February 4, 2015 – Released June 1, 2015. “The objective of this study is to ”Discuss a sustainable strategy and present findings for the provisioning of safe, reliable, and affordable nuclear power systems that enable NASA Science Mission …
Lisa Weintraub Schifferle – Attorney, FTC Division of Consumer and Business Education – “A data breach at the Office of Personnel Management (OPM) – and you’re a current or former federal employee whose personal information may have been exposed. What should you do? Take a deep breath. Here are the steps to take. First Step …
“In the U.S. and abroad, a new generation of data-driven programs is testing ways to help the poor to save more, live better and find their own way to economic security.” Referenced Research Article – Science 15 May 2015: Vol. 348 no. 6236 DOI: 10.1126/science.1260799 – A multifaceted program causes lasting progress for the very …
Google news release: “Last month, we shared our long term strategy for improving diversity at Google and across the industry (http://goo.gl/0vQ5lX). We’re encouraged that this important issue is now being discussed openly – including at events and conferences like the recent Code Conference and our own Google I/O conference (http://goo.gl/Csw9Fr). But it’s fair to ask: …
Bhattacharya, Rudrani and Patnaik, Ila, Financial Inclusion, Productivity Shocks, and Consumption Volatility in Emerging Economies (June 3, 2015). World Bank Policy Research Working Paper No. 7288. Available for download at SSRN: http://ssrn.com/abstract=2614184 “How does access to finance impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. …
