Category «Financial System»

OECD Digital Economy Outlook 2015

“The digital economy now permeates countless aspects of the world economy, impacting sectors as varied as banking, retail, energy, transportation, education, publishing, media or health. Information and Communication Technologies are transforming the ways social interactions and personal relationships are conducted, with fixed, mobile and broadcast networks converging, and devices and objects increasingly connected to form …

Subjects: Economy, Financial System, Government Documents, Health Care, Internet, Privacy

Deep learning of bank stress in the news

Detect & Describe: Deep learning of bank stress in the news. Samuel Rönnqvist, Peter Sarlin. arXiv:1507.07870 [q-fin.CP] July 25, 2015. “News is a pertinent source of information on financial risks and stress factors, which nevertheless is challenging to harness due to the sparse and unstructured nature of natural text. We propose an approach based on …

Subjects: Economy, Financial System, Internet, Knowledge Management

Bank for International Settlements – new working papers

Bank for International Settlements – Working Papers: Credit and macroprudential policy in an emerging economy: a structural model assessment Phases of global liquidity, fundamentals news, and the design of macroprudential policy Macroprudential Policies in a Commodity Exporting Economy Macroeconomic Effects of Banking Sector Losses across Structural Models

Subjects: Economy, Financial System

Advance Report on U.S. International Trade

“Now available, the Advance Report: U.S. International Trade in Goods, presents advance statistics for June 2015 from “U.S. International Trade in Goods and Services.” This new monthly report provides more timely statistics on exports and imports of goods and enables decision makers to improve their measurements of the U.S. economy. For more information, see the Director’s Blog …

Subjects: Economy, Financial System, Government Documents

GAO Reports – Credit Rating Analysts, Facial Recognition Technology, Federal Autism Research, Hurricane Sandy, Nuclear Weapons Sustainment

Credit Rating Analysts: Views Varied on Merits of a Professional Organization, but Creating One Now Viewed as Premature, GAO-15-591: Published: Jul 30, 2015. Publicly Released: Jul 30, 2015. Facial Recognition Technology: Commercial Uses, Privacy Issues, and Applicable Federal Law, GAO-15-621: Published: Jul 30, 2015. Publicly Released: Jul 30, 2015. Federal Autism Research: Updated Information on …

Subjects: Civil Liberties, Defense, Economy, Financial System, Government Documents, Health Care, Medicine, Privacy

200 Defendants Investigated by SIGTARP convicted of TARP related crimes

News release, July 30, 2015: “The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced that 200 bankers, corporate executives, mortgage modification scammers, real estate developers, brokers, and other defendants investigated by SIGTARP and our law enforcement partners have been convicted of crimes related to TARP. Of the 200 defendants …

Subjects: Economy, Financial System, Government Documents, Legal Research

Stress Testing Convergence

Gutierrez Gallardo, German and Schuermann, Til and Duane, Michael, Stress Testing Convergence (July 28, 2015). Available for download at SSRN: http://ssrn.com/abstract=2636984 “This year, 2015, marks the six-year anniversary of US regulatory stress testing. We observe three key trends: 1) Increasingly aggressive capital management: Banks initially responded to CCAR by maintaining wide capital cushions vs. regulatory …

Subjects: Economy, Financial System, Government Documents

Federal White Collar Crime Prosecutions At 20 Year Low

“The federal prosecution of individuals charged with white collar crimes is significantly lower than it was 20 years ago, according to thousands of case-by case records analyzed by Syracuse University’s Transactional Records Access Clearinghouse (TRAC). Records obtained under the Freedom of Information Act show that the overall decline began under President Clinton, and indicate that …

Subjects: Courts, Financial System, Government Documents, Legal Research

Federal Reserve issues FOMC statement

Release Date: July 29, 2015: “Information received since the Federal Open Market Committee met in June indicates that economic activity has been expanding moderately in recent months. Growth in household spending has been moderate and the housing sector has shown additional improvement; however, business fixed investment and net exports stayed soft. The labor market continued …

Subjects: Economy, Financial System, Government Documents

Are you in the global middle class?

Pew FactTank – Find out with our income calculator by Rakesh Kochhar. “On a global scale, just 13% of the world’s population could be considered middle income in 2011, according to a new Pew Research Center analysis of the most recently available data. Most people in the world were either low income (56%) or poor …

Subjects: Economy, Financial System

Agencies Provide Additional Guidance for Certain Resolution Plans

News release: “The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Tuesday provided guidance to 119 firms that in December will be filing updated resolution plans. Based on a review of their plans submitted late last year, the agencies are tailoring the requirements for the submissions. Some firms will receive individual feedback …

Subjects: Economy, Financial System, Government Documents