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Monthly Archives: August 2015

Basel III: The standardised approach for measuring counterparty credit risk exposures

“The Basel Committee on Banking Supervision has received a number of interpretation questions related to the Standardised Approach for measuring counterparty credit risk (SA-CCR), as published in March 2014 (and revised in April 2014). The SA-CCR will replace both current non-internal model approaches, the Current Exposure Method (CEM) and the Standardised Method (SM). To help ensure… Continue Reading

Interior Department Releases National Seed Strategy for Landscape Scale Rehabilitation and Restoration

“As part of a comprehensive, science-based strategy to address the threat of wildfires that are damaging landscapes across the West, the Department of the Interior today announced the release of a National Seed Strategy for rehabilitation and restoration to help foster resilient and healthy landscapes. The Strategy, developed in partnership with the Plant Conservation Alliance… Continue Reading

Smithsonian Institution’s Plan for Increased Public Access to Results of Federally Funded Research

“PURPOSE: This document outlines the Smithsonian Institution’s plan to provide increased public access to certain peer-reviewed scholarly publications and supporting digital research data that arise from research funded, in whole or in part, by a federal funding source (hereinafter “Federally Funded Research Materials” or “FFRM”), consistent with the principles of access under the Office of… Continue Reading

Controls, Trustworthiness, and Trust in Group Settings

Garrett, Jace, Controls, Trustworthiness, and Trust in Group Settings (July 13, 2015). Available for download at SSRN: http://ssrn.com/abstract=2646317 “This study investigates the effect of group-level versus individual-level controls on employee effort and coworker trust. Prior research is limited to controls in one-on-one settings (i.e., one individual imposing a control on another). In contrast, controls in… Continue Reading

Regulation of Emerging Risks

Wansley, Matthew, Regulation of Emerging Risks (August 17, 2015). Vanderbilt Law Review, Forthcoming. Available for download at SSRN: http://ssrn.com/abstract=2646316 “Why has the EPA not regulated fracking? Why has the FDA not regulated e-cigarettes? Why has NHTSA not regulated autonomous vehicles? This Article argues that administrative agencies predictably fail to regulate emerging risks when the political… Continue Reading

NY Fed – Liquidity during Flash Events

Liberty Street Economics August 18, 2015. Liquidity during Flash Events – Ernst Schaumburg and Ron Yang – Second in a five-part series: “Flash events,” extremely large price moves and reversals over just a few minutes, have occurred in some of the world’s most liquid markets in recent years. What’s made these events remarkable is that… Continue Reading

McKinsey – An executive’s guide to the Internet of Things

“As the Internet of Things (IoT) has gained popular attention in the five years since we first published on the topic, it has also beguiled executives. When physical assets equipped with sensors give an information system the ability to capture, communicate, and process data—and even, in a sense, to collaborate—they create game-changing opportunities: production efficiency,… Continue Reading

Federal Reserve issues FOMC statement August 18 2015

“The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on July 28-29, 2015. The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s… Continue Reading

Good Jobs Are Back: College Graduates Are First in Line

Georgetown Center on Education and the Workforce: “The growth of U.S. jobs and wages during the recovery is analyzed in Good Jobs Are Back: College Graduates Are First in Line. The findings show that since 2010, the economy has produced 6.6 million employment opportunities. Out of these career opportunities, 2.9 million are considered good jobs. The key finding… Continue Reading

2012 Economic Census, Survey of Business Owners, Company Statistics Series: Preliminary Company Summary

“The Survey of Business Owners provides a detailed portrait of America’s businesses and business owners from the national to the local level once every five years. The preliminary company summary will provide estimates for the number of firms, receipts, employment and payroll by gender, ethnicity, race and veteran status at the U.S., state and sector levels. The final… Continue Reading

2012 Economic Census: Manufacturing Summary and Subject Series

“The 2012 Economic Census manufacturing releases concludes with seven summary series and seven subject series reports. The subject series reports are divided between materials summary, product summary, location of manufacturing plants and concentration ratios. The summary reports are part of the general summary. The general summary provides detailed statistics by subsectors and industries, including employment size… Continue Reading