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Author Archives: Sabrina I. Pacifici

Liquidity stress testing: a survey of theory, empirics and current industry and supervisory practices

BCBS Working Papers No 24 – October 2013: “Stress-testing is an important tool in developing a complete picture of an institution’s liquidity risk profile. What constitutes a good stress test is, however, not universally clear. Practices still differ widely, not only in the supervisory community, but also in the banking industry. The Research Task Force’s… Continue Reading

Sports-Related Concussions in Youth: Improving the Science, Changing the Culture

“Young athletes in the U.S. face a “culture of resistance” to reporting when they might have a concussion and to complying with treatment plans, which could endanger their well-being, says a new report from the Institute of Medicine and National Research Council.  The report provides a broad examination of concussions in a variety of youth… Continue Reading

Six Trends Driving Change in Government

The IBM Center for The Business of Government has looked across our interactions with government leaders and stakeholders, as well as the considerable work and thinking of our authors, to identify a set of trends that will drive change in government. Dan Chenok; John M. Kamensky; Michael J. Keegan; Gadi Ben-Yehuda – October 2013 “Today, government is in the midst… Continue Reading

Treasury Department’s Report to Congress on International Economic and Exchange Rate Policies

“The U.S. Department of the Treasury today released the Semi-Annual Report to Congress on International Economic and Exchange Rate Policies that is required under Section 3005 of the Omnibus Trade and Competitiveness Act of 1988. The Report covers international economic and foreign exchange developments in the first half of 2013 and, where pertinent and available,… Continue Reading

New GAO Reports – Aviation Safety, Health Care Fraud, Homeland Security, Defense Acquisitions, Financial Crime, TARP

AVIATION SAFETY – Status of Recommendations to Improve FAA’s Certification and Approval Processes, GAO-14-142T, Oct 30, 2013 FEDERAL PROTECTIVE SERVICE – Challenges with Oversight of Contract Guard Program Still Exist, and Additional Management Controls Are Needed, GAO-13-694, Sep 17, 2013 HEALTH CARE FRAUD AND ABUSE CONTROL PROGRAM – Indicators Provide Information on Program Accomplishments, but Assessing Program Effectiveness is… Continue Reading

Uniform Agreement on the Classification and Appraisal of Securities Held by Financial Institutions

Financial Institution Letter – FIL-51-2013 – October 29, 2013: “The FDIC and the other federal banking agencies are issuing the attached joint statement to update and revise the 2004 Uniform Agreement on the Classification of Assets and Appraisal of Securities Held by Banks and Thrifts (2004 Agreement). The statement reiterates the importance of a robust investment analysis process and the… Continue Reading

BLS – Highlights of Women’s Earnings in 2012

“In 2012, women who were full-time wage and salary workers had median usual weekly earnings of $691. On average in 2012, women made about 81 percent of the median earnings of male full-time wage and salary workers ($854). In 1979, the first year for which comparable earnings data are available, women earned 62 percent of  what men earned.  This October 2013 report presents data highlights… Continue Reading

Afghanistan: Post-Taliban Governance, Security, and U.S. Policy

CRS – Afghanistan: Post-Taliban Governance, Security, and U.S. Policy, Kenneth Katzman – Specialist in Middle Eastern Affairs – October 23, 2013 “The United States and its partner countries are reducing military involvement in Afghanistan as  Afghan security forces assume lead security responsibility throughout the country. The current  international security mission will terminate at the end of 2014 and likely… Continue Reading

CRS – Cybersecurity: Authoritative Reports and Resources

Cybersecurity:  Authoritative Reports and Resources – Rita Tehan, Information Research Specialist. October 25, 2013 “Cybersecurity is a sprawling topic that includes national, international, government, and private  industry dimensions. In the 113th Congress, 5 bills have been introduced in the Senate and 7 in the House. More than 40 bills and resolutions with provisions related to cybersecurity were introduced in… Continue Reading

Towers Watson Report – Extreme Risks 2013

News release: Focus on the extreme risks ‘that can kill you’ Towers Watson warns institutional investors: “Towers Watson’s extreme risks ranking has a new top three: Food/water/energy crisis, Stagnation and Global temperature change – while Sovereign default and Insurance crisis have both fallen five places and Depression loses the top spot for the first time since… Continue Reading

WaPo – NSA infiltrates links to Yahoo, Google data centers worldwide

Snowden documents how NSA and GCHQ are copying entire data flows across fiber-optic cables that carry information between the data centers of the Silicon Valley giants – by Barton Gellman and Ashkan Soltani “The National Security Agency has secretly broken into the main communications links that connect Yahoo and Google data centers around the world,… Continue Reading