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Daily Archives: October 11, 2012

A framework for dealing with domestic systemically important banks – final document

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A framework for dealing with domestic systemically important banks – final document, October 2012

  • “In November 2011, the Basel Committee issued final rules for global systemically important banks (G-SIBs). The G20 leaders endorsed these rules at their November 2011 meeting and asked the Basel Committee and the Financial Stability Board to work on extending the framework to domestic systemically important banks (D-SIBs). While not all D-SIBs are significant from a global perspective, the failure of such a bank could have a much greater impact on its domestic financial system and economy than that of a non-systemic institution. Some of these banks may have cross-border externalities, even if the effects are not global in nature. Against this backdrop, the Basel Committee developed a set of principles on the assessment methodology and the higher loss absorbency requirement for D-SIBs. The framework takes a complementary perspective to the G-SIB framework by focusing on the impact that the distress or failure of banks will have on the domestic economy. Given that the D-SIB framework complements the G-SIB framework, the Committee considers that it would be appropriate if banks identified as D-SIBs by their national authorities are required by those authorities to comply with the principles in line with the phase-in arrangements for the G-SIB framework, i.e., from January 2016.”
  • Related postings on the financial system

    • Judge Issues Ruling in Favor of Favorable Ruling in HathiTrust Fair-Use Case

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    the Chronicle of Higher Education – Jennifer Howard: “Academic libraries’ indexing of digitized works counts as fair use. So says the federal judge overseeing a major copyright-infringement lawsuit brought last year by the Authors Guild against the HathiTrust digital repository and its university partners. At stake was the uses the libraries could make of millions… Continue Reading

    EPIC – FBI Exempts Massive Database from Privacy Act Protections

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    EPIC: “The Federal Bureau of Investigation has exempted the FBI Data Warehouse System, from important Privacy Act safeguards. The database ingests troves of personally identifiable information including race, birthdate, biometric information, social security numbers, and financial information from various government agencies. The database contains information on a surprisingly broad category of individuals, including “subjects, suspects,… Continue Reading

    Presentation – Networked and Hyperconnected: The New Social (and work) Operating System

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    Lee Rainie – Oct 11, 2012, at National Conference of State Legislators: “Being connected to the web, mobile technologies and social media have made many of us feel over or hyper-connected. Could being hyper-connected actually benefit younger generations? Lee Rainie [reviews] the latest data that shows how constant contact among younger generations allows them to… Continue Reading

    CBO – Report on the Troubled Asset Relief Program – October 2012

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    Troubled Asset Relief Program: “By CBO’s estimate, $431 billion of the $700 billion initially authorized for the TARP will ultimately be disbursed, including $417 billion that has already been disbursed and $14 billion in additional projected disbursements. The estimated net cost for the TARP of $24 billion represents the estimated subsidy cost of all transactions… Continue Reading

    New GAO Report – Mobile Device Location Data

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    Mobile Device Location Data – Additional Federal Actions Could Help Protect Consumer Privacy, GAO-12-903, Sep 11, 2012 “Using several methods of varying precision, mobile industry companies collect location data and use or share that data to provide users with location-based services, offer improved services, and increase revenue through targeted advertising. Location-based services provide consumers access… Continue Reading

    IMF – Exploring the Dynamics of Global Liquidity

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    Exploring the Dynamics of Global Liquidity – Sally Chen, Philip Liu, Andrea Maechler, Chris Marsh, Sergejs Saksonovs, and Hyun Song Shin, October 2012. “This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two sets of indicators for global liquidity: a quantity series distinguishing between core and noncore liabilities of… Continue Reading

    The State of Social Media Marketing

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    The State of Social Media Marketing – 7 Major Findings & In-Depth Analysis, September 2012 “Across the board, brands still struggle to address the question of ROI in social marketing. Brands are not equipped to tie their social marketing initiatives to business results. While mature brands are on the right track, a new structure must… Continue Reading