The Atlantic [free link]: “One of the most troubling issues around generative AI is simple: It’s being made in secret. To produce humanlike answers to questions, systems such as ChatGPT process huge quantities of written material. But few people outside of companies such as Meta and OpenAI know the full extent of the texts these… Continue Reading
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Category Archives: Financial System
The future of work is AI-enhanced and remote
Computer World – “Two of the biggest unresolved questions in business this year are whether remote work is here to stay and how AI will affect jobs. We’re starting to get some clues about the answers. Some claim the pandemic is over and it’s time for employees to return to the office; others argue that… Continue Reading
Revising the Analytic Framework for Assessing Financial Stability Risk
Letters to FSOC in Support of Increased Supervision of Nonbank Companies, Revising the Analytic Framework for Assessing Financial Stability Risk View or download a PDF of the full technical letter and coalition letter. “AFREF submitted comment letters to the Financial Stability Oversight Council (FSOC) on two proposals that would strengthen its toolbox for addressing threats… Continue Reading
AI in Banking and Finance, August 15, 2023
Via LLRX – AI in Banking and Finance, August 15, 2023 – This semi-monthly column by Sabrina I. Pacifici highlights news, government and regulatory documents and industry white papers as well as academic papers on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary… Continue Reading
The Corporatist Foundations of Financial Regulation
Harvard Law School Forum on Corporate Governance. David T. Zaring is the Elizabeth F. Putzel Professor of Legal Studies & Business Ethics at the University of Pennsylvania. This post is based on his recent paper, published in the Iowa Law Review. “Nobody should feel sorry for banks, necessarily, but they labor under heavy, and in… Continue Reading
Your forgetting to cancel one of many subscriptions is big business
Fortune – Study finds up to 200% sales boost from pure absentmindedness. “Subscription models for goods have become so widespread, it’s possible to live an entire life without permanently owning anything. Thank the subscription economy, kick-started over a decade ago by the likes of Netflix, Spotify, Blue Apron, and Uber, and today encompassing nearly every… Continue Reading
Finance Database
Finance Database – “As a private investor, the sheer amount of information that can be found on the internet is rather daunting. Trying to understand what type of companies or ETFs are available is incredibly challenging with there being millions of companies and derivatives available on the market. Sure, the most traded companies and ETFs… Continue Reading
Pete Recommends – Weekly highlights on cyber security issues, August 12, 2023
Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, August 12, 2023 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on… Continue Reading
Clarence Thomas’ 38 Vacations
ProPublica continues its stellar investigative reporting on SCOTUS and the Money Train – The Other Billionaires Who Have Treated the Supreme Court Justice to Luxury Travel. “During his three decades on the Supreme Court, Clarence Thomas has enjoyed steady access to a lifestyle most Americans can only imagine. A cadre of industry titans and ultrawealthy… Continue Reading
Colleges Spend Like There’s No Tomorrow. ‘These Places Are Just Devouring Money.’
WSJ (free to read): “The nation’s best-known public universities have been on an unfettered spending spree. Over the past two decades, they erected new skylines comprising snazzy academic buildings and dorms. They poured money into big-time sports programs and hired layers of administrators. Then they passed the bill along to students. The University of Kentucky… Continue Reading
Federal Reserve communications
Jeremy Singer-Vine, Data is Plural: Agam Shah et al. have compiled a corpus of key communications by the US Federal Reserve’s Federal Open Market Committee, which “controls the three tools of monetary policy — open market operations, the discount rate, and reserve requirements.” Gathered from the Fed’s website, the corpus includes all meeting minutes and… Continue Reading
Don’t Do Deals on LinkedIn
Bloomberg – Matt Levine (read free): “The rule, according to the US Securities and Exchange Commission, is that if you work at an investment bank or a brokerage firm or an investment adviser, you are allowed to communicate with your colleagues and clients about business on “official channels,” and you are not allowed to communicate… Continue Reading
