New paper: "Rushing to Judgement and the Banking Crisis of 2023"
At the two-year anniversary of the crisis, @thejonrose and I present 7 facts that are overlooked in the standard account of the crisis: https://t.co/hRNEOsmzFd
Alternatively, just say “two.”
Financial writing is replete with “more than half a dozen” (seven), “nearly all ten” (eight? nine?), etc.
If it’s countable, just say the number.
Winters’s presentation “said AI can reduce the manual work involved in making sure the bank abides by changing regulations—a mammoth task for financial institutions since the 2008-9 crisis.”
Standard Chartered’s CEO touched a nerve when he said his bank would replace “lower-value human capital” with artificial intelligence https://t.co/f701CrKJF4
“A few participants commented on the possibility that the Committee could consider extending the terms of swap lines beyond one year, noting that a longer extension would be beneficial for financial stability.”
“Many primary dealers indicated […] their willingness to use SRPs would increase meaningfully if SRP transactions were centrally cleared.
Respondents also noted that the legally required two-year lagged public disclosure of SRP transactions was a strongly discouraging factor.”
Today's article highlights results from a recent Desk survey of primary dealers and the Fed’s Senior Financial Officer Survey. The results suggest SRP counterparties willingness to use SRPs has improved recently in response to operational changes and Fed communications. https://t.co/7O9lOq0vJD
For researchers interested in U.S. banking and finance, we are sharing a new data resource!
It contains information on bank balance sheets, bank runs, and bank failures from the 19th century to the present:
FDIC staff have painstakingly reconstructed the daily deposit outflow data for the runs on SVB, Signature, and First Republic.
Great insights from my colleagues here: https://t.co/sbQAvSIEm5
“I lost a lot of cushions — there is no fudging,” said Sandy Kaul, head of innovation at investment giant Franklin Templeton. “It’s written into the code. I can’t call someone up and say I need five more minutes.”
JPMorgan and other big Wall Street firms are using crypto's underlying technology to transform a key corner of the financial market. (No, not stocks)
I encourage you to click this link and enjoy a session of hypnoblockchaining through the lead graphic.
https://t.co/iBhMreLwQp
Spirit’s collapse left dozens of bright yellow jets scattered around the country. Picking them up is the job of repo men with a special set of skills. https://t.co/w3lmtWH2iI