“The Basel Committee has issued these sound practices to foster overall improvement in banks’ capital planning practices. Indeed, an important lesson from the financial crisis concerned the need for banks to improve and strengthen their capital planning. Some of the observed weaknesses reflected processes that were not sufficiently comprehensive, appropriately forward-looking or adequately formalised. As a consequence,… Continue Reading
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Monthly Archives: January 2014
Revised good practice principles for supervisory colleges – consultative document
“The Basel Committee on Banking Supervision has today issued a consultative document on Revised good practice principles for supervisory colleges. The Committee seeks to ensure that the principles remain fit for purpose and that they describe how high quality supervisory colleges typically function. The key changes include the following: Principle 1 now places greater emphasis on collaboration and… Continue Reading
Monetary policy and financial stability: what role in prevention and recovery?
Monetary policy and financial stability: what role in prevention and recovery? by Claudio Borio – Bank for International Settlements (BIS) “If the criteria for an institution’s success are diffusion and longevity, then central banking has been hugely successful. But if the criterion is the degree to which it has achieved its goals, then the evaluation has to be… Continue Reading
EU action plan to harvest renewable energy from Europe’s seas
Commission sets out an action plan to support the development of blue energy “The European Commission has unveiled an action plan to help harvest more renewable energy from Europe’s seas and oceans. The plan aims to boost this emerging “blue energy” sector – which includes technologies that can capture the energy from waves, tides and temperature… Continue Reading
Predictive Modeling With Big Data: Is Bigger Really Better?
Junqué de FortunyEnric, MartensDavid, and ProvostFoster. Big Data. December 2013, 1(4): 215-226. doi:10.1089/big.2013.0037. Published in Volume: 1 Issue 4: January 7, 2014 Online Ahead of Print: October 24, 2013. “With the increasingly widespread collection and processing of “big data,” there is natural interest in using these data assets to improve decision making. One of the best understood ways to… Continue Reading
New GAO Report on Fair Labor Standards Act
FAIR LABOR STANDARDS ACT: The Department of Labor Should Adopt a More Systematic Approach to Developing Its Guidance, GAO-14-69, Dec 18, 2013 “Substantial increases occurred over the last decade in the number of civil lawsuits filed in federal district court alleging violations of the Fair Labor Standards Act of 1938, as amended (FLSA). Federal courts in most… Continue Reading
New Report Focuses on Disaster Unpreparedness
Meritalk report [presentation] [snipped]: •”Federal IT professionals give themselves high DR2 grades: •One in four give their agency an “A” in DR2 preparedness and nearly all give a passing grade •Despite the high marks, many agencies fail to test their data recovery capabilities: •In the last 12 months, only 54% of agencies have tested their… Continue Reading
Privacy and Civil Liberties Oversight Board Issues Report on NSA Massive Metadata Surveillance
Report on the Telephone Records Program Conducted under Section 215 of the USA PATRIOT Act and on the Operations of the Foreign Intelligence Surveillance Court. January 23, 2014. “The PCLOB is an independent bipartisan agency within the executive branch established by the Implementing Recommendations of the 9/11 Commission Act of 2007.6 The Board is comprised of… Continue Reading
Report – New Virus Associated with Massive Bee Die Offs
YaleEnvironment360: “A rapidly mutating virus may be partially responsible for the massive bee die-offs known as colony collapse disorder (CCD), which has wiped out a third of commercial bee colonies annually for the past seven years, a group of U.S. and Chinese researchers reports. Most scientists, including the study’s authors, believe CCD is triggered when colonies… Continue Reading
MIT Technology Review – Data and Decision Making
“In this business report, MIT Technology Review explores a big question: how are data and the analytical tools to manipulate it changing decision making today? On Nasdaq, trading bots exchange a billion shares a day. Online, advertisers bid on hundreds of thousands of keywords a minute, in deals greased by heuristic solutions and optimization models rather than two-martini… Continue Reading
New GAO Reports – Army Corps of Engineers, Flood Insurance, Medicaid, Medicare
ARMY CORPS OF ENGINEERS – Cost Increases in Flood Control Projects and Improving Communication with Nonfederal Sponsors, GAO-14-35, Dec 20, 2013 FLOOD INSURANCE – Strategies for Increasing Private Sector Involvement, GAO-14-127, Jan 22, 2014 MEDICAID PRESCRIPTION DRUGS – CMS Should Implement Revised Federal Upper Limits and Monitor Their Relationship to Retail Pharmacy Acquisition Costs, GAO-14-68, Dec 19, 2013 MEDICARE ADVANTAGE – 2011… Continue Reading
A Reporter’s Guide to the Millennium Development Goals
Editor’s Note/Global Investigative Journalism Network: “For the next two weeks, GIJN is running a series drawn from the newly released Reporter’s Guide to the Millennium Development Goals: Covering Development Commitments for 2015 and Beyond, published by the International Press Institute. Agreed to in 2000, the UN Millennium Goals comprise an ambitious agenda to improve quality of life around the world,… Continue Reading
