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“The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 29-30, 2014. The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s …
News release: “Today at a hearing of the House Subcommittee on Financial Institutions and Consumer Credit of the House Committee on Financial Services, eleven bills will be discussed that will weaken the Consumer Financial Protection Bureau and make it harder to protect consumers in the financial marketplace. The Consumer Financial Protection Bureau has proven itself to …
“Information about unpaid medical bills is reported to the nationwide credit reporting agencies (NCRAs) from two sources. It can be reported directly by the medical service provider (e.g., a doctor) or by a third-party debt collection agency that has purchased the debt or been contracted to collect it. The vast majority of medical debt reported …
“This edition of the EBA Annual Report takes stock of the first three years of activity of the Authority which contributed to the repair of the EU banking system by promoting the cleaning of EU banks’ balance sheets and strengthening their capital position. The EBA also brought forward its work on the development of a …
Federal Reserve Bank of New York Staff Reports – Friederike Niepmann, Tim Schmidt-Eisenlohr. Staff Report No. 633. September 2013 , Revised April 2014 “Banks play a critical role in facilitating international trade by guaranteeing international payments and thereby reducing the risk of trade transactions. This paper employs banking data from the United States to document new empirical patterns regarding …
Keynote address by Mr Stefan Ingves, Chairman of the Basel Committee on Banking Supervision and Governor of Sveriges Riksbank, to the DNB seminar “Liquidity risk management – the LCR and beyond”, Amsterdam, the Netherlands, 15 May 2014. As prepared for delivery – “Good afternoon. It is my great pleasure to be with you in Amsterdam today at …
Laeven, Luc and Ratnovski, Lev and Tong, Hui, Bank Size and Systemic Risk (May 15, 2014). Available at SSRN: http://ssrn.com/abstract=2437729 “Large banks are riskier, and create more systemic risk, when they have lower capital and less-stable funding. Large banks create more systemic risk (but are not individually riskier) when they engage more in market-based activities or …
Institute for Policy Studies – “State universities have come under increasing criticism for excessive executive pay, soaring student debt, and low-wage faculty labor. In the public debate, these issues are often treated separately. Our study examines what happened to student debt and faculty labor at the 25 public universities with the highest executive pay (hereafter …
“IFC, a member of the World Bank Group, today launched the world’s most comprehensive database on consumer spending patterns in developing countries—a tool to help private sector companies identify business opportunities that can benefit low-income people in developing countries. The Global Consumption Database, launched in cooperation with the World Bank, is based on government surveys of more …
Better Direction and Management of Voluntary Recommendations Could Enhance U.S. Arctic Council Participation, GAO-14-435: Published: May 16, 2014. Publicly Released: May 19, 2014: “Six key federal agencies hold leadership roles in the Arctic Council and other agencies participate through the Council’s working groups and task forces. The U.S. Department of State (State) leads this participation and collaborates …
Digitization is rewriting the rules of competition, with incumbent companies most at risk of being left behind. Here are six critical decisions CEOs must make to address the strategic challenge posed by the digital revolution. May 2014 | byMartin Hirt and Paul Willmott, “Staggering amounts of information are accessible as never before—from proprietary big data to new …
“Thomson Reuters Eikon Messenger users connect globally to exchange information, offer advice and share ideas – some 2.3 billion times in the past year alone. Around the clock, 210,000+ financial professionals and market participants across 180 countries use Eikon Messenger to share real-time data, graphics, news and analysis – from a desktop or via mobile devices. The …
