Category «Financial System»

Team of journalists from 45 countries unearths secret bank accounts maintained for criminals, traffickers, tax dodgers, politicians and celebrities

Banking Giant HSBC Sheltered Murky Cash Linked to Dictators and Arms Dealers – By Gerard Ryle, Will Fitzgibbon, Mar Cabra, Rigoberto Carvajal, Marina Walker Guevara, Martha M. Hamilton and Tom Stites. February 8, 2015. HSBC Private Bank (Suisse) continued to offer services to clients who had been unfavorably named by the United Nations, in court …

Subjects: Economy, Financial System, Legal Research

Federal Reserve releases results of supervisory bank stress tests

“The largest U.S.-based bank holding companies continue to build their capital levels and to strengthen their ability to lend to households and businesses during a period marked by severe recession and financial market volatility, according to the results of supervisory stress tests announced by the Federal Reserve on Thursday. The most severe hypothetical scenario projects …

Subjects: Congress, Economy, Financial System, Government Documents, Legislation

Federal Reserve releases results of supervisory bank stress tests

“The largest U.S.-based bank holding companies continue to build their capital levels and to strengthen their ability to lend to households and businesses during a period marked by severe recession and financial market volatility, according to the results of supervisory stress tests announced by the Federal Reserve on Thursday. The most severe hypothetical scenario projects …

Subjects: Economy, Financial System, Government Documents

Most Say Government Policies Since Recession Have Done Little to Help Middle Class, Poor

Pew – Partial Recovery Seen in Jobs, Household Incomes: “The public makes sharp distinctions about which groups have benefited – and which have not – from the economic policies the government has put in place since the start of the recession. Majorities say that large banks, large corporations and the wealthy have been helped a …

Subjects: Congress, Economy, Financial System, Government Documents, Poverty

New GAO Reports – Defense Science and Technology, Drug Shortages, Government Efficiency and Effectiveness, Healthcare.gov, Indian Irrigation Projects, Motor Carrier Safety, Whistleblower Protection

Defense Science and Technology: Further DOD and DOE Actions Needed to Provide Timely Conference Decisions and Analyze Risks from Changes in Participation, GAO-15-278: Published: Mar 4, 2015. Publicly Released: Mar 4, 2015. Drug Shortages: Better Management of the Quota Process for Controlled Substances Needed; Coordination between DEA and FDA Should Be Improved, GAO-15-202: Published: Feb …

Subjects: Civil Liberties, E-Government, Economy, Energy, Financial System, Government Documents, Health Care, Legal Research, Transportation

Summary of Commentary on Current Economic Conditions by Federal Reserve District – 3/4/2015

Beige Book – “Reports from the twelve Federal Reserve Districts indicate that economic activity continued to expand across most regions and sectors from early January through mid-February. Six Districts noted that the local economy expanded at a moderate pace since the prior reporting period. Activity rose modestly in Philadelphia and Cleveland, while it increased slightly …

Subjects: Economy, Financial System, Government Documents

WSJ – Takeaways from the 2009 Fed Transcripts

WSJ.com – “Federal Reserve officials spent 2009 worrying about the worst U.S. economic downturn they had seen in their lives, the weakness of the nascent recovery and the uncertainties surrounding their policy options. The transcripts released Wednesday of their policy meetings that year add some interesting new details to this picture, though no big surprises. We pored through them so …

Subjects: Economy, Financial System, Government Documents

IMF Releases Updated Guidelines for Compiling Fiscal Statistics

“The International Monetary Fund (IMF) has released today the Government Finance Statistics Manual 2014 (GFSM 2014), providing updated international guidance for the compilation, reporting, and analytical use of government finance (fiscal) statistics (GFS). The GFS guidelines are the basis for fiscal analysis, and play a vital role in the development and monitoring of sound fiscal …

Subjects: Economy, Financial System

Legislation to Facilitate Cybersecurity Information Sharing: Economic Analysis

Legislation to Facilitate Cybersecurity Information Sharing: Economic Analysis. N. Eric Weiss, Specialist in Financial Economics. February 23, 2015. “Data breaches, such as those at Target, Home Depot, Neiman Marcus, JPMorgan Chase, and Anthem, have affected financial records of tens of millions of households and seem to occur regularly. Companies typically respond by trying to increase …

Subjects: Cybercrime, Cybersecurity, Economy, Financial System, Government Documents, ID Theft, Legislation

The FDIC has consolidated a number of resources relating to the Volcker Final Rule

“The FDIC has consolidated a number of resources relating to the Final Rule – Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds, otherwise known as the “Volcker Rule”.  On December 10, 2013 the FDIC Board of Directors approved the Volcker Rule. This webpage will …

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