Government Information

Earl Gregg Swem Library

Agencies Announce Determinations and Provide Feedback on Resolution Plans of Eight Systemically Important, Domestic Banking Institutions

Categories: Business/Economics,Financial Crisis/Markets,Govt Finance,Headlines,Laws/Regulations

http://www.federalreserve.gov/newsevents/press/bcreg/20160413a.htm

Determination by federal banking regulators that resolution plans or so-called “living wills,” prepared by the eight largest U.S. banks under the Dodd-Frank Act, are not acceptable and would not allow for an orderly process if the banks faced bankruptcy.  Includes links to the Resolution Plan Assessment Framework and letters sent to the eight banks.  From the Federal Reserve

 

Fact Sheet: Middle Class Economics: Strengthening Retirement Security by Cracking Down on Conflicts of Interest in Retirement Savings

https://www.whitehouse.gov/the-press-office/2016/04/06/fact-sheet-middle-class-economics-strengthening-retirement-security-0

Plain language explanation of the Conflict of Interest rule relating to retirement savings.  From the White House

 

High Frequency Trading: Overview of Recent Developments

Categories: Business/Economics,Financial Crisis/Markets,Laws/Regulations,Science/Technology

http://www.fas.org/sgp/crs/misc/R44443.pdf

High-frequency trading involves the trading of securities or derivatives within microseconds or milliseconds—a tactic that has grown over the past decade to about 55% of total trading volume in U.S. equity markets and 80% of foreign exchange futures.  This report describes specific trading strategies and how they have recently come under closer regulatory scrutiny.  From the Congressional Research Service, posted by the Federation of American Scientists

 

Investment Advice—Conflict of Interest Final Rule

http://www.dol.gov/ebsa/regs/conflictsofinterest.html

New rule that would assist retirement savers by requiring that financial advisers and brokers put the clients’ interests first.  The so-called “fiduciary rule” would create a new standard stricter than current regulations, which call for advice that is “suitable, and avoid conflicts of interest.  Such conflicts cost savers an estimated $17 billion per year.  Includes final rule and related material.  From the Employee Benefits Security Administration of the U.S. Department of Labor

 

Argentina: Background and U.S. Relations

http://www.fas.org/sgp/crs/row/R43816.pdf

Provides background on the political and economic situation in Argentina, the current status of negotiations to repay creditors, and relations with the U.S.   From the Congressional Research Service, posted by the Federation of American Scientists

 

Recommendations and Report for Financial Institutions on Preventing and Responding to Elder Financial Exploitation

Categories: Consumer Info/Protection,Elderly,Financial Crisis/Markets

http://files.consumerfinance.gov/f/201603_cfpb_recommendations-and-report-for-financial-institutions-on-preventing-and-responding-to-elder-financial-exploitation.pdf

Offers recommendations and best practices for financial institutions to follow in trying to prevent elder financial abuse and to intervene effectively.  From the Consumer Financial Protection Bureau

 

Measuring CEO Compensation

Categories: Business/Economics,Financial Crisis/Markets,Income/Poverty

https://www.richmondfed.org/-/media/richmondfedorg/publications/research/economic_brief/2016/pdf/eb_16-03.pdf

Discusses the use of restricted stock and stock options as forms of CEO compensation and presents estimates of how to value such alternatives to compare the compensation of CEOs in a sample of large U.S. firms before and after the financial crisis of 2007-08. From the Federal Reserve Bank of Richmond

 

Federal Reserve Issues FOMC Statement [on raising interest rate]

Categories: Business/Economics,Financial Crisis/Markets,Headlines

http://www.federalreserve.gov/newsevents/press/monetary/20151216a.htm

Statement on the current condition of the economy and the decision to raise the federal funds interest rate. From the Board of Governors of the Federal Reserve System

 

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