Category «Financial System»

Rise in Digital Banking Heightens Fraud Risk, Bankers Say

Via American Banker Technology News, by Penny Crosman: “Online and mobile banking have forever transformed the way people bank, but the digital evolution has a dark side: it is increasingly creating new opportunities for fraudsters to hack into accounts. Text messaging and email are increasingly becoming vehicles for phishing scams in which fraudsters send phony messages …

Subjects: Cybercrime, Economy, Financial System

Globalisation, inflation and monetary policy in Asia and the Pacific

“The People’s Bank of China and the Bank for International Settlements co-hosted a research conference on “Globalisation and Inflation Dynamics in Asia and the Pacific” on 23-24 September 2013 in Beijing. This was the wrap-up conference for the BIS Asian Office’s two-year research programme on globalisation and inflation that was launched by the Asian Consultative …

Subjects: Economy, Financial System

The Consumer Financial Protection Bureau (CFPB): A Legal Analysis

CRS – The Consumer Financial Protection Bureau (CFPB): A Legal Analysis “In the wake of the worst U.S. financial crisis since the Great Depression, Congress passed and the President signed into law sweeping reforms of the financial services regulatory system through the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), P.L. 111- 203. …

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

Growing Risk in the Insurance Sector

Growing Risk in the Insurance Sector – Developing risk in the life insurance industry requires prudent policy response to prevent broader economic damage. Ralph S. J. Koijen – London Business School, Motohiro Yogo – Monetary Advisor. Published March 24, 2014 “The financial crisis of 2008 exposed important vulnerabilities in the banking sector. In its aftermath, considerable academic effort has been …

Subjects: Economy, Financial System, Government Documents

New GAO Reports – 2020 Census, Defense Infrastructure, International Financial Reforms

2020 CENSUS: Prioritized Information Technology Research and Testing Is Needed for Census Design Decisions, GAO-14-389: Published: Apr 3, 2014. Publicly Released: Apr 3, 2014: “The Census Bureau (Bureau) has made progress in researching and testing information technology (IT) options for the 2020 Decennial Census, but several of the supporting projects lack schedules and plans, and it is uncertain …

Subjects: Economy, Financial System, Government Documents, Housing

The Effectiveness of China’s Industrial Policies in Commercial Aviation Manufacturing

The Effectiveness of China’s Industrial Policies in Commercial Aviation Manufacturing by Keith Crane, Jill E. Luoto, Scott Warren Harold, David Yang, Samuel K. Berkowitz, Xiao Wang “Since economic reforms began in 1978, China has enjoyed rapid growth in exports, which have contributed to the country’s impressive economic growth. Improvements in the quality of China’s workforce, manufacturing technologies, and materials have enabled the …

Subjects: Defense, Financial System, Government Documents

Monthly Labor Review – April 2014

Lawrence R. Klein Award recipients announced for 2013 04/02/2014 Unemployment continued its downward trend in 2013 04/01/2014 Nonfarm employment continued its road to recovery in 2013 03/28/2014 Women not yet “on board” 03/28/2014 A better way to measure pay differentials among industries 03/19/2014 Investment in higher education by race and ethnicity 03/11/2014 Single mothers and welfare: a new perspective 03/11/2014 New college …

Subjects: Economy, Education, Energy, Financial System, Government Documents

Europe’s reforms beginning to pay off but continued effort needed

News release: “Action taken by many European countries to return their public finances to health are beginning to pay off, says the OECD. The Euro area economies which emerged from the crisis with serious current account deficits are now in surplus. Debt-to-GDP ratios are stabilising and market tensions have abated. Although Europe’s economies are slowly growing …

Subjects: Economy, Financial System, Government Documents

BLS – Payroll employment increases in March (+192,000)

“Total nonfarm payroll employment rose by 192,000 in March, and the unemployment rate was unchanged at 6.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment grew in professional and business services, in health care, and in mining and logging.  Household Survey Data – In March, the number of unemployed persons was essentially unchanged at 10.5 million, …

Subjects: Economy, Financial System, Government Documents

The Volcker Rule: A Legal Analysis

CRS – The Volcker Rule: A Legal Analysis, David H. Carpenter, Legislative Attorney; M. Maureen Murphy, Legislative Attorney. March 27, 2014. “On December 10, 2013, more than two years after the statutorily mandated deadline, five federal financial regulators published final regulations (hereinafter, the regulations) implementing  Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (hereinafter, Section 619 or the statute). Together these …

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

BLS Occupational Employment Statistics

“The Occupational Employment Statistics (OES) program produces employment and wage estimates annually for over 800 occupations. These estimates are available for the nation as a whole, for individual States, and for metropolitan and nonmetropolitan areas; national occupational estimates for specific industries are also available. The May 2013 Occupational Employment Statistics data were released on April 1, 2014 and …

Subjects: Economy, Financial System, Government Documents

Financial Stability Policies for Shadow Banking

Tobias Adrian, Staff Report No. 664, February 2014: “This paper explores financial stability policies for the shadow banking system. I tie policy options to economic mechanisms for shadow banking that have been documented in the literature. I then illustrate the role of shadow bank policies using three examples: agency mortgage real estate investment trusts, leveraged lending, and captive …

Subjects: Economy, Financial System, Government Documents