CFTC Commitments Of Traders Reports Update
The current reports for the week of October 4, 2016 are now available.read more...
View ArticleFederal Reserve Governor Lael Brainard, At The Institute Of International...
We recognize the potential of distributed ledger technology, or blockchain, to transform the way financial market participants transfer, store, and maintain ownership records of digitized assets. The...
View ArticlePutting the Pension Back in 401(k) Plans: Optimal versus Default Longevity...
Most defined contribution pension plans pay benefits as lump sums, yet the US Treasury has recently encouraged firms to protect retirees from outliving their assets by converting a portion of their...
View ArticleBidding Dynamics in Auctions -- by Hugo Hopenhayn, Maryam Saeedi
This paper studies bidding dynamics where values and bidding opportunities follow an unrestricted joint Markov process, independent across agents. Bids cannot be retracted, as is frequently the case in...
View ArticlePoverty Traps and the Social Protection Paradox -- by Munenobu Ikegami,...
Progressively targeted cash transfers remain the dominant policy response to chronic poverty in developing countries. But are there alternative social protection policies that might have larger poverty...
View ArticlePerformance Standards in Need-Based Student Aid -- by Judith Scott-Clayton,...
College attendance is a risky investment. But students may not recognize when they are at risk for failure, and financial aid introduces the possibility for moral hazard. Academic performance standards...
View ArticleTort Reform and Innovation -- by Alberto Galasso, Hong Luo
Current academic and policy debates focus on the impact of tort reforms on physicians' behavior and medical costs. This paper examines whether these reforms also affect incentives to develop new...
View ArticleBad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit...
Credit reports are used in nearly all consumer lending decisions and, increasingly, in hiring decisions in the labor market, but the impact of a bad credit report is largely unknown. We study the...
View ArticleIncomplete Disclosure: Evidence of Signaling and Countersignaling -- by...
In 2011, Maricopa County, Arizona adopted voluntary restaurant hygiene grade cards (A, B, C, D). Using inspections results between 2007 and 2013, we show that only 58% of the subsequent inspections led...
View ArticleWhy Don't Commercial Health Plans Use Prospective Payment? -- by Laurence...
One of the key terms in contracts between hospitals and insurers is how the parties apportion the financial risk of treating unexpectedly costly patients. "Prospective" payment contracts give hospitals...
View ArticleThe Stock Market and Bank Risk-Taking -- by Antonio Falato, David Scharfstein
We present evidence that pressure to maximize short-term stock prices and earnings leads banks to increase risk. We start by showing that banks increase risk when they transition from private to public...
View ArticleWorkers’ Compensation in New York
An Overview from your Beecher Carlson Risk Services Teamread more...
View ArticleUK's Financial Conduct Authority Continues Its Strong Commitment To Diversity...
The Financial Conduct Authority (FCA) has today published targets for the Women in Finance Charter, which it signed in June 2016. As a commitment to diversity in senior roles, the FCA has also...
View ArticleOliver Hart and Bengt Holmström awarded Sveriges...
The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 toread more...
View ArticleNasdaq Names Two Executive Vice Presidents - Swanstrom And Sibbern Leading...
Nasdaq (Nasdaq:NDAQ) today announced that Stacie Swanstrom and Bjørn Sibbern have been promoted to Executive Vice President of the firm’s Corporate Solutions and Global Information Services businesses,...
View ArticleBME: The Reform Of Clearing And Settlement In Spain Concludes Successfully -...
The Reform of Clearing and Settlement in Spain concluded successfully this week with the reduction in the equities settlement cycle from three to two days following the trade date (T+2), a cycle that...
View ArticleDTCC To Launch New Insurance Profile Service To Support Compliance With DOL...
The Depository Trust & Clearing Corporation (DTCC) today announced that pending regulatory approvals its Insurance & Retirement Services division will launch a new Insurance Profile service to...
View ArticleNSE Organises First Market Data Workshop …Celebrates X-Gen At 3
The Nigerian Stock Exchange (“The Exchange or NSE”) in collaboration with Independent Software Vendors (ISVs) and Market Data Vendors (MDVs) is set to host its inaugural Market Data Workshop, on...
View ArticleEBA Updates On Monitoring Of Additional Tier 1 Instruments
Related documents:read more...
View ArticleMoscow Exchange: ROUNIA Futures Trading Start In Derivatives Market
Futures for RUONIA rate are to be available for trading from October 12, 2016. NCC Clearing Bank sets the following risk parameters for the instruments in October 2016:read more...
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