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“The Bank for International Settlements (BIS) released today international banking statistics at end-September 2013. The third quarter of 2013 saw another sizeable contraction in international banking activity. Between end-June and end-September 2013, the cross-border claims of BIS reporting banks fell by $508 billion, or 1.8%, to $28.5 trillion. Interoffice positions accounted for most of the contraction, continuing the …
“The Basel Committee has issued these sound practices to foster overall improvement in banks’ capital planning practices. Indeed, an important lesson from the financial crisis concerned the need for banks to improve and strengthen their capital planning. Some of the observed weaknesses reflected processes that were not sufficiently comprehensive, appropriately forward-looking or adequately formalised. As a consequence, …
“The Basel Committee on Banking Supervision has today issued a consultative document on Revised good practice principles for supervisory colleges. The Committee seeks to ensure that the principles remain fit for purpose and that they describe how high quality supervisory colleges typically function. The key changes include the following: Principle 1 now places greater emphasis on collaboration and …
Monetary policy and financial stability: what role in prevention and recovery? by Claudio Borio – Bank for International Settlements (BIS) “If the criteria for an institution’s success are diffusion and longevity, then central banking has been hugely successful. But if the criterion is the degree to which it has achieved its goals, then the evaluation has to be …
Commission sets out an action plan to support the development of blue energy “The European Commission has unveiled an action plan to help harvest more renewable energy from Europe’s seas and oceans. The plan aims to boost this emerging “blue energy” sector – which includes technologies that can capture the energy from waves, tides and temperature …
Junqué de FortunyEnric, MartensDavid, and ProvostFoster. Big Data. December 2013, 1(4): 215-226. doi:10.1089/big.2013.0037. Published in Volume: 1 Issue 4: January 7, 2014 Online Ahead of Print: October 24, 2013. “With the increasingly widespread collection and processing of “big data,” there is natural interest in using these data assets to improve decision making. One of the best understood ways to …
FAIR LABOR STANDARDS ACT: The Department of Labor Should Adopt a More Systematic Approach to Developing Its Guidance, GAO-14-69, Dec 18, 2013 “Substantial increases occurred over the last decade in the number of civil lawsuits filed in federal district court alleging violations of the Fair Labor Standards Act of 1938, as amended (FLSA). Federal courts in most …
“In this business report, MIT Technology Review explores a big question: how are data and the analytical tools to manipulate it changing decision making today? On Nasdaq, trading bots exchange a billion shares a day. Online, advertisers bid on hundreds of thousands of keywords a minute, in deals greased by heuristic solutions and optimization models rather than two-martini …
Editor’s Note/Global Investigative Journalism Network: “For the next two weeks, GIJN is running a series drawn from the newly released Reporter’s Guide to the Millennium Development Goals: Covering Development Commitments for 2015 and Beyond, published by the International Press Institute. Agreed to in 2000, the UN Millennium Goals comprise an ambitious agenda to improve quality of life around the world, …
News release: “Chinese air pollution blowing across the Pacific Ocean is often caused by the manufacturing of goods for export to the U.S. and Europe, according to findings by UC Irvine and other researchers published today in the Proceedings of the National Academy of Sciences [see China’s international trade and air pollution in the United States]. The study is …
Chronicle of Higher Education – Who Will Reach College Age in the Next 14 Years? by Justin Myers “As the U.S. population changes, so, too, will the makeup of American colleges and universities. In the coming years, they can expect to see significant changes in the demographics of their student bodies—and the regions from which …
Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries, Ernesto Crivelli; Sanjeev Gupta. January 2014. “This paper uses a newly constructed revenue dataset of 35 resource-rich countries for the period 1992-2009 to analyze the impact of expanding resource revenues on different types of domestic (non resource) tax revenues. Overall, we find a statistically significant negative …
