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‘The UK recovery has gained momentum and inflation has returned to the 2% target. Reduced uncertainty, easier credit conditions and the stimulative stance of monetary policy should support continued solid economic growth, with the expansion in demand becoming more entrenched and more broadly based. Robust growth has not so far been accompanied by a material pickup …
“Senior financial supervisors from 10 countries—collectively, the Senior Supervisors Group (SSG)—today issued a report assessing progress on measuring and reporting of counterparty risk by large, complex financial firms. The report—Progress Report on Counterparty Data—concludes that while firms have made improvements in assessing counterparty risk, on the whole current practices fail to meet supervisory expectations or industry …
“For those who question the value of college in this era of soaring student debt and high unemployment, the attitudes and experiences of today’s young adults—members of the so-called Millennial generation—provide a compelling answer. On virtually every measure of economic well-being and career attainment—from personal earnings to job satisfaction to the share employed full time—young …
“The Office of the Comptroller of the Currency’s (OCC) Comptroller’s Handbook booklet, Mortgage Banking, provides guidance for bank examiners and bankers on various mortgage banking activities, such as the purchase or sale of mortgages in the secondary mortgage market. Throughout this booklet, national banks and federal savings associations (FSA) are referred to collectively as banks, except when it is …
Monetary Policy Report – February 11, 2014: “The labor market improved further during the second half of 2013 and into early 2014 as the economic recovery strengthened: Employment has increased at an average monthly pace of about 175,000 since June, and the unemployment rate fell from 7.5 percent in June to 6.6 percent in January. With these gains, payrolls have risen a cumulative 3¼ million …
“On February 10, Better Markets filed a lawsuit in Federal Court in DC challenging the Department of Justice’s (DOJ) unilateral, historic and unprecedented $13 billion settlement with JP Morgan Chase. It is the largest settlement with a single entity in the history of the country and involved the biggest, richest and most politically well-connected bank …
CRS – February 6, 2014 – “North America is experiencing a boom in crude oil supply, primarily due to the growth of heavy crude production in the Canadian oil sands and the recent expansion of shale oil production in North Dakota, Montana, and Texas. North American production now supplies 66% of U.S. crude oil demand, displacing crude from Latin …
Joint Economic Committee, U.S. Congress, January 2014: “Innovation is a primary driver of American prosperity. A significant portion of economic growth in the United States has been attributed to improved productivity resulting in part from innovation. To ensure that innovation and productivity growth continue, more Americans than ever will need to be equipped with science, technology, engineering and …
An OCLC Research Report by Jennifer Schaffner and Ricky Erway, OCLC Research. “The digital humanities (DH) are attracting considerable attention and funding at the same time that this nascent field strives for an identity. Some research libraries are committing significant resources to creating DH centers. But questions about whether such an investment is warranted persist across …
“The New York Fed’s Survey of Consumer Expectations (SCE) provides timely and comprehensive information about consumer expectations through three broad categories: inflation, labor market and household finance. The SCE contains monthly insight about how consumers expect overall inflation and prices for food, gas, housing, education and medical care to change over time. It also provides Americans’ views …
“The Federal Reserve Bank of New York [on February 7, 2014] released a series of research reports on “funding models,” or arrangements for financial intermediation. The three-part Economic Policy Review series aims to provide a comprehensive overview of the structure and stability of different funding models, as well as an in-depth examination of factors affecting the fragility …
Wilmarth, Arthur E., Citigroup: A Case Study in Managerial and Regulatory Failures (2013). Indiana Law Review, Vol. 47, 2013, Forthcoming; GWU Legal Studies Research Paper No. 2013-139; GWU Law School Public Law Research Paper No. 2013-139. Available at SSRN: http://ssrn.com/abstract=2370131 “Citigroup has served as the poster child for the elusive promises and manifold pitfalls of …
