Systemic risk in the press
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| Visualization of adjacency relations in hierarchical data (*) |
Systematically
Important Companies (SIC)
Mary
Miller,
the U.S Treasury undersecretary for domestic finance, said the Financial
Stability Oversight Council may vote “in the next few months” on whether to
designate some companies systemically important.
American International
Group Inc., Prudential Financial Inc. and General Electric
Co. (GE)’s finance unit are in the final stage of review by the council, a
group of regulators created by the Dodd-Frank law to prevent another financial
crisis.
SwapClear Canada
(Reuters)
– March 26th, 2013. The Bank of Canada said on Tuesday it would formally
regulate SwapClear, the dominant global system for centrally clearing
over-the-counter interest rate swaps, because it has the potential to pose
systemic risk to the Canadian financial system.
Cyber interconnectivity
Operational
Risk & Regulation | 22 Mar 2013 Systemic risk as a result of
banks' cyber interconnectivity is becoming a key risk for financial
institutions, delegates at OpRisk North America in New York heard this week.
The transfer of data occurring through this interconnectivity can put
many banks at risk in the event of certain types of cyberattack, warned
Adrienne Haden, assistant director, operational risk and IT risk policy at the
board of governors of the Federal Reserve System.
"Some of the key areas of concern for risk management in terms of
capital involve information security and cyber security," she told the
conference
(*) Danny Holten. 2006. Hierarchical Edge Bundles: Visualization of Adjacency Relations in Hierarchical Data. IEEE Transactions on Visualization and Computer Graphics 12, 5 (September 2006), 741-748.
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