Category «Financial System»

Survey on securitisation markets conducted by BCBS-IOSCO Task Force

“The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) are co-leading a task force that will undertake a wide-ranging survey of securitisation markets worldwide. Established in consultation with the International Association of Insurance Supervisors (IAIS) and the International Accounting Standards Board (IASB), the cross-sectoral Task Force on Securitisation Markets will: …

Subjects: Economy, Financial System, Government Documents

Financial Regulatory Agencies Release Public Sections of Resolution Plans

“The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Wednesday released the public portions of annual resolution plans for 17 financial firms. Each plan must describe the company’s strategy for rapid and orderly resolution under the U.S. Bankruptcy Code in the event of material financial distress or failure of the company. The Dodd-Frank …

Subjects: Economy, Financial System, Government Documents

FHFA Actions to Manage Enterprise Risks from Nonbank Servicers Specializing in Troubled Mortgages

FHFA Actions to Manage Enterprise Risks from Nonbank Servicers Specializing in Troubled Mortgages (AUD-2014-014) – 07/01/2014 “Banks that traditionally service mortgage loans backed by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (the Enterprises) have been selling the rights to service troubled loans (e.g., delinquent or in default) in …

Subjects: Economy, Financial System, Government Documents, Housing

Understanding the U.S. National Innovation System

Robert D. Atkinson, President – Information Technology and Innovation Foundation “The conventional view of innovation is that it is something that just takes place idiosyncratically in “Silicon Valley garages” and R&D laboratories. But in fact, innovation in any nation is best understood as being embedded in a national innovation system (NIS). Just as innovation is more than …

Subjects: Economy, Financial System, Knowledge Management

Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies

“The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2014 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities will receive Community Reinvestment Act (CRA) consideration as “community development.” “Distressed nonmetropolitan middle-income …

Subjects: Economy, Financial System, Government Documents

California removes ban on alternative currencies – Computerworld

Jeremy Kirk – “A new California law removes a ban on using currencies other than the U.S. dollar, which is intended to accommodate the growing use of alternative payment methods such as bitcoin. The law, signed by state Governor Jerry Brown on Saturday, is likely to boost confidence around bitcoin, as regulators and tax authorities worldwide …

Subjects: E-Commerce, Economy, Financial System

Stepping out of the shadow of the crisis: three transitions for the world economy – Speech

Stepping out of the shadow of the crisis: three transitions for the world economy, Speech delivered by Mr Jaime Caruana, General Manager of the BIS, on the occasion of the Bank’s Annual General Meeting, Basel, 29 June 2014. “Seven years on, the Great Financial Crisis still casts this long shadow on the world economy. The good …

Subjects: Economy, Financial System, Government Documents

Principles for effective supervisory colleges

“The Basel Committee on Banking Supervision has today issued final Principles for effective supervisory colleges. The guidelines replace the Good practice principles on supervisory colleges, which the Committee published in October 2010 with a commitment to revise them after a period of practical implementation experience Supervisory colleges play an important role in the effective supervision of international banking …

Subjects: Economy, Financial System, Government Documents

Taming the Locusts? Embattled Hedge Funds in the E.U.

Seretakis, Alexandros, Taming the Locusts? Embattled Hedge Funds in the E.U. (2013). New York University Journal of Law and Business, Vol. 10, No. 1, 2013. Available for download at SSRN: http://ssrn.com/abstract=2460046 “The recent financial crisis and the ongoing sovereign debt crisis have put the spotlight on the traditionally secretive and opaque hedge fund industry. Widespread financial …

Subjects: Economy, Financial System

Climate-Smart Development: Adding Up the Benefits of Actions that Help Build Prosperity

“This report describes efforts by the ClimateWorks Foundation and the World Bank to quantify the multiple economic, social, and environmental benefits associated with policies and projects to reduce emissions in select sectors and regions. The report has three objectives: 1) to develop a holistic, adaptable framework to capture and measure the multiple benefits of reducing …

Subjects: Climate Change, Economy, Energy, Financial System, Government Documents, Legal Research