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Speech By Federal Reserve Vice Chairman Fischer On The Process Of Monetary Policy At The Warwick Economics Summit, Coventry, United Kingdom - "I'd Rather Have Bob Solow Than An Econometric Model, But ..."

Date 11/02/2017

Introduction: Econometric Models and a Eureka Moment
Eureka moments are rare in all fields, not least in economics. One such moment came to me when I was an undergraduate at the London School of Economics in the 1960s. I was talking to a friend who was telling me about econometric models. He explained that it would soon be possible to build a mathematical model that would accurately predict the future course of the economy. It was but a step from there to realize that the problems of policymaking would soon be over. All it would take was a bit of algebra to solve for the policies that would produce the desired values of the target variables.

Millennium Exchange Release 9.1 Oslo Børs – Welcome To Dress Rehearsal 2 In The Production Environment

Date 11/02/2017

New York Attorney General Eric T. Schneiderman Announces Settlement Of Martin Act Case Against Former AIG CEO Maurice R. Greenberg And Former AIG CFO Howard I. Smith - Greenberg Admits To Initiating, Participating, And Approving Two Fraudulent Transactions Committed By AIG While CEO - Greenberg And Smith Agree To Return Multi-Million Dollar Bonuses They Received While The Frauds Were On AIG’s Books - When Combined With Previous SEC Settlement, Greenberg Will Have Disgorged Nearly Every Dollar In Bonuses He Received During The Period Of The Fraud

Date 11/02/2017

The Office of Attorney General Eric T. Schneiderman announced today that it has reached a settlement of the Office’s securities fraud suit under the Martin Act against Maurice R. (“Hank”) Greenberg, the former CEO of American International Group, Inc. (“AIG”), and Howard I. Smith, AIG’s former Chief Financial Officer.  The lawsuit, People v. Maurice R. Greenberg and Howard I. Smith, Index No. 401720/05 (New York County Supreme Court), was brought by Attorney General Eliot Spitzer in 2005, following the admission by AIG that the company had engaged in certain improper reinsurance transactions while Mr. Greenberg was the company’s CEO and Mr. Smith the CFO, including two sham deals--known as the GenRe and Capco transactions--that materially misrepresented AIG’s loss reserves and misstated its underwriting results, respectively, during the period 2000 to 2004.  

Office Of The Comptroller Of The Currency: Revised Scenarios Released For Stress Tests

Date 10/02/2017

The Office of the Comptroller of the Currency (OCC) today released revised economic scenarios for use by certain financial institutions with total consolidated assets of more than $10 billion for the 2017 stress tests.

The Federal Reserve Board On Friday Issued Revised Macroeconomic Scenarios For Its 2017 Stress Testing Program To Correct A Data Series Error

Date 10/02/2017

The Federal Reserve Board on Friday issued revised macroeconomic scenarios for its 2017 stress testing program to correct a data series error.

CFTC Commitments Of Traders Reports Update

Date 10/02/2017

The current reports for the week of February 7, 2017 are now available.

SEC Charges Chinese Citizens Who Reaped Massive Profits From Insider Trading On Comcast-Dreamworks Acquisition - Obtains Court Order Freezing More Than $29 Million In U.S. Accounts

Date 10/02/2017

The Securities and Exchange Commission today announced that it obtained an emergency court order freezing brokerage accounts holding more than $29 million in illegal profits from insider trading in advance of the April 2016 acquisition of DreamWorks Animation SKG, Inc. by Comcast Corp.

Moscow Exchange: Risk Parameters Change In Securities And Derivatives Market

Date 10/02/2017

NCC Clearing Bank is changing risk parameters in Securities market for the following instruments starting from February 17, 2017:

Federal Reserve System: Daniel K. Tarullo Submits Resignation As A Member Of The Board Of Governors, Effective On Or Around April 5, 2017

Date 10/02/2017

Daniel K. Tarullo submitted his resignation Friday as a member of the Board of Governors of the Federal Reserve System, effective on or around April 5, 2017. He has been a member of the Board since January 28, 2009.

JFIA: January 2017 SEF Tracker Now Available Online

Date 10/02/2017

Total trading volume on SEFs averaged $542.8 billion per day during the month of January, up 26.6% from the previous month and 11.5% from January 2016.