“The Basel Committee on Banking Supervision has today published a proposed supervisory framework for measuring and controlling large exposures. One of the key lessons from the financial crisis is that banks did not always consistently measure, aggregate and control exposures to single counterparties across their books and operations. And throughout history there have been instances of banks failing due to concentrated exposures to individual counterparties (eg Johnson Matthey Bankers in the UK in 1984, the Korean banking crisis in the late 1990s). Large exposures regulation has arisen as a tool for containing the maximum loss a bank could face in the event of a sudden counterparty failure to a level that does not endanger the bank’s solvency.”
Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002
Daily Archives: March 25, 2013
New GAO Reports – 2020 Census, Critical Infrastructure Protection, High-Containment Laboratories, Federal Foster Care
2020 Census – Local Administrative Records and Their Use in the Challenge Program and Decennial, GAO-13-269, Feb 21, 2013 Critical Infrastructure Protection – DHS List of Priority Assets Needs to Be Validated and Reported to Congress, GAO-13-296, Mar 25, 2013 High-Containment Laboratories, Assessment of the Nation’s Need Is Missing, GAO-13-466R, Feb 25, 2013 Worker and… Continue Reading
Cloud Computing: Constitutional and Statutory Privacy Protections
CRS – Cloud Computing: Constitutional and Statutory Privacy Protections, Richard M. Thompson II, Legislative Attorney. March 22, 2013 “…cloud computing is a web-based service that allows users to access anything from e-mail to social media on a third-party computer. For instance, Gmail and Yahoo are cloud-based email services that allow users to access and store… Continue Reading
CRS – International Monetary Fund: Background and Issues for Congress
International Monetary Fund: Background and Issues for Congress, Martin A. Weiss, Specialist in International Trade and Finance. March 21, 2013: “The IMF has evolved significantly as an institution since it was created. Floating exchange rates and more open capital markets in the 1990s created a new role for the IMFthe resolution of frequent and volatile… Continue Reading
Speech by Chairman Bernanke on monetary policy and the global economy
Chairman Ben S. Bernanke at the Department of Economics and STICERD (Suntory and Toyota International Centres for Economics and Related Disciplines) Public Discussion, UK, March 25, 2013: “…The lessons for the present are clear. Today most advanced industrial economies remain, to varying extents, in the grip of slow recoveries from the Great Recession. With inflation… Continue Reading
LinkedIn delivers enhanced search features
LinkedIn blog – Johnathan Podemsky: “Did you know 5.7 billion professionally oriented searches were done on LinkedIn last year? Every day we see millions of professionals find others and get found through LinkedIn search. Whether youre searching for people, jobs, companies or groups, we provide the most relevant results based on your professional identity, your… Continue Reading
Increases in coastal population growth by 2020 likely, putting more people at risk of extreme weather
News release: “If current population trends continue, the already crowded U.S. coast will see population grow from 123 million people to nearly 134 million people by 2020, putting more of the population at increased risk from extreme coastal storms like Sandy and Isaac, which severely damaged infrastructure and property last year. The projection comes from… Continue Reading
USPS – Supercomputing and Revenue Protection
FCW.com – by Frank Konkel: “The United States Postal Service is at the cutting edge of supercomputing technologies and the big data revolution, operating one of the most powerful non-classified supercomputing databases on the planet to process and detect fraud on over 528 million mail pieces every day. While some agencies struggle to implement big… Continue Reading
An Empirical Study of Use of Legal Scholarship in Supreme Court Trademark Jurisprudence
Simpson, Derek A. and Petherbridge, Lee, An Empirical Study of the Use of Legal Scholarship in Supreme Court Trademark Jurisprudence (March 23, 2013). Cardozo Law Review, Vol. 35. Available at SSRN “Although the usefulness of law review and law journal articles to the decisional lawmaking process is a topic that has captured the imagination of… Continue Reading
Census – Fewer U.S. Households Have Debt, But Those Who Do Have More
“The percentage of U.S. households holding some form of debt declined from 74 percent to 69 percent between 2000 and 2011, according to new statistics released today by the U.S. Census Bureau. At the same time, the median amount of household debt increased over this period from $50,971 to $70,000 (in 2011 constant dollars). These… Continue Reading
