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Journal Article
A legal analysis of a banking industry online identity and attribute authentication service for consumers and merchants
This is a legal and risk analysis of an online identity and attribute authentication service developed by the Financial Agent Source Transaction (FAST) initiative of the Financial Service Technology Consortium (FSTC). The FSTC is a not-for-profit group organized to enhance the competitiveness of the financial services industry. Members include banks, financial services providers, research laboratories, universities, technology companies and government agencies. FSTC sponsors project-oriented, collaborative research and development on inter-bank technical projects affecting the financial ...
Journal Article
Network vulnerabilities and risks in the retail payment system
Changes in retail payments technology will impact the operational risk of commercial banks. This study provides a more in-depth discussion of the ramifications these changes have for bank supervision and policy makers. In addition to operational risk concerns identified by previous researchers, this paper identifies network vulnerabilities as a potential resiliency concern.
Journal Article
Pooled trust preferred stock -- a new twist on an older product
Journal Article
Depressing recoveries
Journal Article
Simple forecasts of bank loan quality in the business cycle
Experience from models such as SEER suggests that bank financial condition predict bank failures. However, it has been difficult to find a relationship between macroeconomic variables and bank failures. This paper shows ways in which simple time-series techniques can be used to forecast financial conditions of banks. The models include macroeconomic variables in order to consider systemic cyclical factors in forecasting. In addition, analysis of regression residuals is used to obtain relatively early warnings of unusual performance. ; The empirical result suggest that a limited number ...
Journal Article
Points to consider when financing REITs