News release: “The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commission (IOSCO) today released for comment the consultative report on the Principles for Financial Market Infrastructures. The CPSS and IOSCO expect these principles to play an important role in the future regulation of financial market infrastructures around the world. The Board of Governors of the Federal Reserve System, a member of the CPSS, and the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission, members of the Technical Committee of IOSCO, encourage interested persons to review and comment on the consultative report. The consultative report contains updated and new proposed international principles for systemically important payment systems, central securities depositories, securities settlement systems, central counterparties, and trade repositories. The 24 proposed principles would replace existing CPSS and CPSS-IOSCO standards for payment, clearing, and settlement systems previously published in the Core Principles for Systemically Important Payment Systems, Recommendations for Securities Settlement Systems, and Recommendations for Central Counterparties and introduce principles for trade repositories for the first time.”
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Daily Archives: March 10, 2011
Working Paper: Securitization is not that evil after all
Securitization is not that evil after all – by Ugo Albertazzi, Ginette Eramo, Leonardo Gambacorta and Carmelo Salleo, Working Papers No 341, March 2011 “A growing number of studies on the US subprime market indicate that, due to asymmetric information, credit risk transfer activities have perverse effects on banks’ lending standards. We investigate a large… Continue Reading
CBO – Reducing the Deficit: Spending and Revenue Options
Reducing the Deficit: Spending and Revenue Options, March 10, 2011 “Federal budget deficits will total $7 trillion over the next decade if current laws remain unchanged, the Congressional Budget Office (CBO) projects. If certain policies that are scheduled to expire under current law are extended instead, deficits may be much larger. Beyond the coming decade,… Continue Reading
Measuring the systemic importance of interconnected banks
Measuring the systemic importance of interconnected banks, by Mathias Drehmann and Nikola Tarashev, Working Papers No 342, March 2011 “We develop a measure of systemic importance that accounts for the extent to which a bank propagates shocks across the banking system and is vulnerable to propagated shocks. Based on Shapley values, this measure gauges the… Continue Reading
Wikileaks and Freedom, Autonomy and Sovereignty in the Cloud
You Have No Sovereignty Where We Gather Wikileaks and Freedom, Autonomy and Sovereignty in the Cloud, Balázs Bodó – Budapest University of Technology and Economics; Stanford Law School Center for Internet and Society, March 7, 2011 “Wikileaks represents a new type of (h)activism, which shifts the source of potential threat from a few, dangerous… Continue Reading
New GAO Reports: Forest Service, Indian Country Criminal Justice
Forest Service: Continued Work Needed to Address Persistent Management Challenges, GAO-11-423T, March 10, 2011 Indian Country Criminal Justice: Departments of the Interior and Justice Should Strengthen Coordination to Support Tribal Courts, GAO-11-252, February 14, 2011 Continue Reading
Release of data.gov.au
“The new data.gov.au site has now been released and I invite you to explore, access and reuse the data available on the site. The release of public sector information in the form of datasets allows the commercial, research and community sectors to add value to government data in new, innovative and exciting ways. Data.gov.au plays… Continue Reading
Google Launches Feature to Block Sites From Future Search Results
Official Google Blog: “Now theres yet another way to find more of what you want on Google by blocking the sites you dont want to see. Youve probably had the experience where youve clicked a result and it wasnt quite what you were looking for. Many times youll head right back to Google. Perhaps the… Continue Reading
A Primer on Corporate Governance
A Primer on Corporate Governance, by Olivier Serrat – “Good corporate governance helps an organization achieve its objectives; poor corporate governance can speed its decline or demise. Never before has the glare of the spotlight focused so much on boards of directors. Corporate governance has emerged from obscurity and become a mainstream topic.” Direction and… Continue Reading
Economic Projections from January 2011 Federal Open Market Committee Meeting
Economic Projections from the January FOMC Meeting, Brent Meyer – Federal Reserve Bank of Cleveland “Most participants continued to judge the uncertainty accompanying their projections for all forecasted variables as elevated when compared to historical norms. However, the Committee did change its assessment of the risks to its growth and inflation projections. The majority of… Continue Reading
Freshmen in 112th Congress Exceedingly Wealthy Despite Struggling National Economy
Center for Responsive Politics Reports on wealth of Freshman House and Senate Members – [To download a spreadsheet containing raw data in part used to produce this report, click here: personalfinances_3_2011.xls] “No matter that theyre the newest kids in Congress. Like their veteran counterparts, U.S. House and U.S. Senate freshmen are together a notably wealthy… Continue Reading
