How Is The Federal Reserve To Supervise The Too Big To Fail?


from the New York Fed

The Federal Reserve is responsible for the prudential supervision of bank holding companies (BHCs) on a consolidated basis, as well as of certain other financial institutions operating in the United States. Prudential supervision involves monitoring and oversight of these firms to assess whether they are in compliance with law and regulation and whether they are engaged in unsafe or unsound practices, as well as ensuring that firms are taking corrective actions to address such practices.


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What We Read Today 28 May 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Scientists at Work: Tracing the Origin of Ancient Water Flows on Mars in the Lab

by Daniel Parsons, The Conversation

Building our own copy of Mars in the laboratory was hard work. We had to shift 15 tonnes of sand to create a swimming-pool-sized model of the red planet. But the effort was well worth it as our experiments shed light on a much-debated issue: the origin of ancient water on the planet. The model suggests water erupted from large subsurface lakes creating enormous volcano-like eruptions.


Infographic Of The Day: Can Smartwatches Become The Future Of Wearable Technology?

Following the release of the Apple Watch, 2015 looks more than ever to be the year that smartwatches reach a mainstream audience. Watches traditionally have been worn for fashion as well as practicality and the latest generation from tech manufacturers are looking to try to bridge that gap for the first time. 

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Video of the Day:

The U.S. Air Force announced it has certified the Falcon 9 rocket of Elon Musk's Space Exploration Technologies for national security space missions. Deborah Lee James, secretary of the Air Force, said in a statement, 'This is a very important milestone for the Air Force and the Department of Defense.

video of day picture

FOREX NEWS by DailyForex

USD/JPY Rises on Policy Divergence

Investors, speculating that interest rates in the United States are likely to rise higher this year, helped to push the U.S. Dollar to a multi-year peak versus the Japanese Yen.

Swiss Takes A further Step Towards Ending Banking Secrecy

The totally anonymous “numbered Swiss bank account” much beloved by authors of crime fiction as the ultimate repository for hiding one’s ill-gotten gains may itself, have its days numbered.

Australia’s CAPEX Report Not Promising

Australia released its business capital expenditure (CAPEX) report Thursday and it wasn’t promising.

Dollar Takes a Breather after Rally

The US Dollar eased back versus the Japanese Yen and the Euro after a short bout of investor profit taking which came in the wake of improved US data. That economic data had gone a long way to help restore some waning confidence in the greenback.

“She speaks yet she says nothing…”

It is fairly certain that Shakespeare’s Romeo was not thinking of Britain’s wished for changes in her relationship with the European Union, but the fact remains that the UK is saying very little about what it wants to change before a planned “in/out” referendum to be held before the end of 2017.
 more investing, markets, precious metals & forex Technical Summary 28 May 2015

 more opinion

'If You Ain't Cheating, You Ain't Trying' - How Forex Has Changed

by Andre Spicer, The Conversation

'If you ain't cheating, you ain't trying' were the words of one trader working in the foreign exchange market. They belie an attitude that was widespread among traders in this market between 2009 and 2013. Cheating was simply a normal part of a trader's day job. In fact, not cheating would be to shirk your duties.


 USA economy at a glance (boxed items are updates in last 7 days)

Fed's Balance Sheet 27 May 2015 - Another Moderate Decline

Total Fed Balance Sheet:

Fed's Balance Sheet week ending balance sheet was $4,425 trillion..

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