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“This Basel Committee on Banking Supervision standard sets out a supervisory framework for measuring and controlling large exposures. The framework is scheduled to take effect from 1 January 2019 and will supersede the Committee’s 1991 standard on this topic. Since publication of the original standard, the financial system has changed dramatically. While many jurisdictions modelled their national rules …
Partnership for Public Service 2014 – “The managers and employees of well-run federal agencies are usually on the same page, sharing a common vision and working in sync to achieve mission results. But when there are considerable disparities in the viewpoints of these two groups, it could mean that your agency doesn’t agree on key …
Trade linkages and the globalisation of inflation in Asia and the Pacific by Raphael Auer and Aaron Mehrotra. Working Papers No 447, April 2014 “Some observers argue that increased real integration has led to greater comovement of prices internationally. We examine the evidence for cross-border price spillovers among economies participating in the pan-Asian cross-border production networks. Starting with country-level data, we …
One currency, two markets: the renminbi’s growing influence in Asia-Pacific by Chang Shu, Dong He and Xiaoqiang Cheng. “This study presents evidence of the renminbi’s growing influence in the Asia-Pacific region. The CNH market – the offshore renminbi foreign exchange market in Hong Kong SAR – is found to exert an effect on Asian currencies that is distinct from that …
“The New York Times recently released its coverage of the Equilar 100 CEO Pay Study, an annual study of CEOs at the 100 largest U.S. publicly-traded companies provided exclusively by Equilar. Over the past eight years, Equilar has been the preferred data provider to The Times for executive compensation information. As part of this collaboration, Equilar provides data on …
Federal Reserve Board Governor Jeremy C. Stein At the International Research Forum on Monetary Policy, Washington, D.C. March 21, 2014 [identical remarks at the International Monetary Fund 2014 Spring Meetings on April 13, 2014] “I am going to try to make the case that, all else being equal, monetary policy should be less accommodative–by which I mean that …
U.S. Office of Personnel Management Report – Governmentwide Strategy on Advancing Pay Equality in the Federal Government, April 2014 “Workforce Changes. We found that during the 20-year period from 1992 to 2012, the Federal Government workforce has undergone dramatic demographic changes. For example, there have been large shifts in the distribution of employees by occupational category and education …
Via American Banker: “The Federal Financial Institutions Examination Council said Thursday that it expects “financial institutions to incorporate patches on systems and services, applications, and appliances using OpenSSL and upgrade systems as soon as possible to address the vulnerability.” OpenSSL is open-source software that lets web sites encrypt communications with visitors. A vulnerability has been found …
Fixing the Drain on Retirement Savings – How Retirement Fees Are Straining the Middle Class and What We Can Do about Them, By Jennifer Erickson and David Madland | April 11, 2014 “Less than one in five American workers in private industry has access to defined benefit pension plans. As a result, most Americans’ quality of life during retirement depends on whether …
World Economic Outlook (WEO) Recovery Strengthens, Remains Uneven April 2014 “Global activity has broadly strengthened and is expected to improve further in 2014–15, according to the April 2014 WEO, with much of the impetus for growth coming from advanced economies. Although downside risks have diminished overall, lower-than-expected inflation poses risks for advanced economies, there is increased financial …
“The Bipartisan Policy Center (BPC) today published a new report through its Regulatory Architecture Task Force with recommendations to make better sense of the fragmented U.S. financial regulatory system. The report is authored by the task force’s co-chairs Richard H. Neiman, former New York State Superintendent of Banks and member of the congressional Troubled Asset Relief Program (TARP) oversight panel; and Mark Olson, former …
Prosperity for All: Ending Extreme Poverty, April 10, 2014 “By 2010, global extreme poverty had declined to 17.7 percent, leaving still more than 1.2 billion people confined to live on less than $1.25 a day. In 1990, an estimated 1.9 billion people (or 36 percent of the world’s population) were living in extreme poverty. To stay on …
