Self-grading has obvious limitations in education. Now, a senior regulator at the Federal Reserve wants to banish it from bank regulation.
Under international banking rules, large banks are allowed to use their own tests to assess the riskiness of their assets and activities. Even after the financial crisis, these internal measurements play a role in setting capital requirements, the crucial financial buffer that helps a bank withstand losses and disruptions in the markets.
But in a speech on Thursday, Daniel K. Tarullo, the Fed governor who oversees regulation, said he believed that regulators should consider stopping the banks from using their own estimates. “The I.R.B. approach has little useful role to play,” he said, referring to the internal ratings-based approach, the official term for this self-assessment.
it's from today's Front page of the Wash Post. (where is Jon Corzine).
The yellow stickers affixed to the trash and recycling bins said “Take Me!”
And so they did.
Karini, 30, and her friend Timothy Logan Melham, 27, of Northwest Washington trolled the streets in and around Georgetown last month and picked some up, police said. They were arrested, briefly jailed and charged in a criminal summons with theft.
If she and Melham are guilty, she said, it is only of taking bins that were being discarded anyway. But regardless of whether the bins had “Take Me!” stickers, the police report notes, the “bins are D.C. government property.” An officer estimated the value for all 51 at $100, which works out to $1.96 a bin.
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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