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Author Archives: Sabrina I. Pacifici

Mature Driver Laws

“More and more Americans are outliving their ability to drive safely. As a result of impairments in three functions that are important for driving – vision, cognition and motor function – older drivers have a higher crash risk than middle aged adults. To address this issue, many states have have enacted laws that contain specific… Continue Reading

CDC state data shows high costs due to excessive alcohol use

“Excessive alcohol use causes a large economic burden to states and the District of Columbia, according to a new study released by the Centers for Disease Control and Prevention. Excessive alcohol use cost states and D.C. a median of $2.9 billion in 2006, ranging from $420 million in North Dakota to $32 billion in California.… Continue Reading

New York Fed – Quarterly Report on Household Debt and Credit

[August 13, 2013], “the New York Fed released its Quarterly Report on Household Debt and Credit for the second quarter of 2013. It shows a $78 billion decline in overall household debt from the previous period. Delinquency rates improved considerably, with the overall ninety-plus day delinquency rate falling to 5.7 percent, the lowest it has been since mid-2008. The Quarterly… Continue Reading

Evaluating early warning indicators of banking crises

Evaluating early warning indicators of banking crises: Satisfying policy requirements by Mathias Drehmann and Mikael Juselius – Working Papers No 421, August 2013. “Early warning indicators (EWIs) of banking crises should ideally be evaluated on the basis of their performance relative to the macroprudential policy maker’s decision problem. We translate several practical aspects of this problem – such as difficulties in assessing… Continue Reading

Implementation monitoring of PFMIs

“Implementation monitoring of PFMIs – Level 1 assessment report: The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have started the process of monitoring implementation of the Principles for financial market infrastructures (PFMIs). This report reviews jurisdictions’ progress towards adopting the legislation and other policies that will enable them to completely… Continue Reading

Authorities’ access to trade repository data

“The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have published a report entitled Authorities’ access to trade repository data. Trade repositories (TRs) are entities that maintain a centralised electronic record of over-the-counter (OTC) derivatives transaction data. TRs play a key role in increasing transparency in the OTC derivatives markets… Continue Reading

Recovery of financial market infrastructures – consultative report

“The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have published for public comment a consultative report on the Recovery of financial market infrastructures. The report provides guidance to financial market infrastructures such as CCPs on how to develop plans to enable them to recover from threats to their viability… Continue Reading

Watchdog: Google Tells Court You Cannot Expect Privacy When Sending Messages to Gmail

“In a stunning admission contained in a brief filed recently in federal court, lawyers for Google said people should not expect privacy when they send messages to a Gmail account. Consumer Watchdog said today that people who care about their email correspondents’ privacy should not use the Internet giant’s service. Google’s brief said: “Just as a… Continue Reading

Defense Legal Policy Board’s report of Subcommittee on Military Justice in Combat Zones

Military Justice in cases of U.S. Service members alleged to have caused the death, injury or abuse of non-combatants in Iraq or Afghanistan. Final report, May 30, 2013. [via Greta E. Marlatt] “A moral, principled, ethical command combat climate that inculcates and preserves U.S. values, despite mission difficulties or the particular area of operations, is… Continue Reading