Category «Financial System»

OECD Pensions Outlook 2014

OECD Pensions Outlook 2014 “This 2014 edition of the OECD Pensions Outlook examines the ever-changing pensions landscape. It looks at pension reform, the role of private pensions and retirement savings. Population ageing and longevity risk is examined as are the means of increasing coverage and providing automatic enrolment. The volume is rounded out by a …

Subjects: Economy, Financial System, Government Documents

CFPB Spotlights Concerns with Medical Debt Collection and Reporting

“…the Consumer Financial Protection Bureau (CFPB) released a report that found medical debt has a significant impact on consumer credit, as 43 million Americans have overdue medical debt on their credit reports. The CFPB is concerned that the systems for incurring, collecting, and reporting medical debt can create difficult challenges for consumers. To better address …

Subjects: Economy, Financial System, Government Documents, Health Care, Medicine

Revisions to the securitisation framework

“The Basel Committee on Banking Supervision’s revisions to the securitisation framework aim to address a number of shortcomings in the Basel II securitisation framework and to strengthen the capital standards for securitisation exposures held in the banking book. This framework, which will come into effect in January 2018, forms part of the Committee’s broader Basel …

Subjects: Economy, Financial System, Government Documents

Criteria for identifying simple, transparent and comparable securitisations

“The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) released today a consultative document on Criteria for identifying simple, transparent and comparable securitisations. The purpose of these criteria is to identify – and to assist the financial industry’s development of – simple, transparent and comparable securitisations structures, as well as to help …

Subjects: Economy, Financial System, Government Documents

Measuring the Digital Economy – OECD

Directorate for Science, Technology and Innovation: “The growing role of the digital economy in daily life has heightened demand for new data and measurement tools. Internationally comparable and timely statistics combined with robust cross-country analyses are crucial to strengthen the evidence base for digital economy policy making, particularly in a context of rapid change. This report …

Subjects: E-Commerce, Economy, Financial System, Internet

Federal Reserve Board proposes rule to further strengthen capital positions of the largest, most systemically important U.S. bank holding companies

” The Federal Reserve Board on [December 9, 2014] proposed a rule to further strengthen the capital positions of the largest, most systemically important U.S. bank holding companies. The proposal establishes a methodology to identify whether a U.S. bank holding company is a global systemically important banking organization, or GSIB. A firm identified as a GSIB would …

Subjects: Economy, Financial System, Government Documents

New GAO Reports – Federal Retirement, Immigration Benefits, NASA, Public Transit, Unmanned Aerial Systems

Federal Retirement Processing: Applying Information Technology Acquisition Best Practices Could Help OPM Overcome a Long History of Unsuccessful Modernization Efforts, GAO-15-277T: Published: Dec 10, 2014. Publicly Released: Dec 10, 2014. Immigration Benefits: Improvements Needed to Fully Implement the International Marriage Broker Regulation Act, GAO-15-3: Published: Dec 10, 2014. Publicly Released: Dec 10, 2014. Information Technology: HUD Can …

Subjects: Economy, Financial System, Government Documents, Transportation

BCBS assessment of Basel III implementation in EU and US

Freshfields: “The Basel Committee on Banking Supervision (BCBS) has assessed the implementation of the Basel capital framework in the nine EU Member States that are members of BCBS and the US.  The assessments were conducted under the BCBS’ regulatory consistency assessment programme (RCAP), which assesses the consistency and completeness of a jurisdiction’s adopted standards and …

Subjects: Economy, Financial System, Government Documents

Grant Thornton Global Private Equity Report

Creating growth: the challenge of buying well in today’s market: “Private equity has always focused on creating value and helping promote growth in portfolio companies. Since the industry began, private equity firms have tried many ways to meet this ultimate objective – and with varying success. Now, post the global financial crisis, the question being asked more than ever is: how …

Subjects: Economy, Financial System