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“The revisions to the disclosure requirements address shortcomings in Pillar 3 of the Basel framework. The revised disclosure requirements will enable market participants to better compare banks’ disclosures of risk-weighted assets. They form part of the Committee’s broader agenda to reform regulatory standards for banks in response to the global financial crisis. The revisions notably …
Bank capital shock propagation via syndicated interconnectedness by Makoto Nirei, Julián Caballero and Vladyslav Sushko, Working Papers No 484 January 2015. “Loan syndication increases bank interconnectedness through co-lending relationships. We study the financial stability implications of such dependency on syndicate partners in the presence of shocks to banks’ capital. Model simulations in a network setting …
“While Treasury is in the process of conducting its final auctions of its TARP stake in community banks to private entities in a desire to end the bank bailout known as the Capital Purchase Program (“CPP”), it is important to examine the lessons learned from the program. CPP was the first TARP program, much has …
Employee Benefit Research Institute. Debt of the Elderly and Near Elderly, 1992–2013. January 2015, Vol. 36, No. 1 “More older American families have debt: The percentage of American families with heads ages 55 or older that had debt increased from 63.4 percent in 2010 to 65.4 percent in 2013. Furthermore, the percentage of these families …
News release: ” Information received since the Federal Open Market Committee met in December suggests that economic activity has been expanding at a solid pace. Labor market conditions have improved further, with strong job gains and a lower unemployment rate. On balance, a range of labor market indicators suggests that underutilization of labor resources continues …
“OpenCorporates aims to do a straightforward (though big) thing: have a URL for every company in the world. We’ve grown from 3 territories and a few million companies to over 75 jurisdictions and 55 million companies, and are working with the open data community to add more each week.How can we get hold of the …
Center for Retirement Research at Boston College – Keith Jacks Gamble, Patricia A. Boyle,Lei Yu and David A. Bennett IB#15-1 “The brief’s key findings are: With the shift from traditional pensions to 401(k) plans, the welfare of retirees depends increasingly on their ability to make sound financial decisions. Using a dataset that follows a group …
CBO Report, January 27, 2015 Testimony before the Committee on the Budget, U.S. House of Representatives “This statement summarizes CBO’s new baseline budget projections and economic forecast, which cover the period from 2015 to 2025. Those estimates were released in the report titled The Budget and Economic Outlook: 2015 to 2025. The federal budget deficit, …
Large Institution Supervision Coordinating Committee – Under applicable law, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Board of Governors has the responsibility for the supervision of systemically important financial institutions, including large bank holding companies, the U.S. operations of certain foreign banking organizations, and nonbank financial companies that are designated by …
“The Federal Reserve today issued “Strategies for Improving the U.S. Payment System,” which presents a multi-faceted plan for collaborating with payment system stakeholders including large and small businesses, emerging payments firms, card networks, payment processors, consumers and financial institutions to enhance the speed, safety and efficiency of the U.S. payment system. “A safer, more efficient …
“The International Monetary Fund has launched a new platform to support its move to free data and to improve online global statistical dissemination. The new portal enables bulk data downloads and introduces dynamic visualization to showcase datasets that became available free-of-charge on January 1, 2015. The platform will help users better query, visualize, download, and …
“The 2015 edition of the Global Risks report completes a decade of highlighting the most significant long-term risks worldwide, drawing on the perspectives of experts and global decision-makers. Over that time, analysis has moved from risk identification to thinking through risk interconnections and the potentially cascading effects that result. Taking this effort one step further, this year’s report underscores potential causes as well as solutions to global …
