The Household Indebtedness and
Financial Vulnerability report by the Parliamentary Budget Officer is raising concerns on the level of household... Continue reading»
Not exact matches
The
report, which examines
vulnerabilities and risks to the
financial system, also highlighted other persistent concerns.
For example, since the
vulnerabilities are described in top secret confidential files, it could be legally dangerous for a company like Apple or Microsoft to talk to Assange and WikiLeaks to see purported tools and files that haven't been made public yet, the
Financial Times
reported.
A good example is the operation of U.S. money markets — as noted in the recent
Financial Stability Oversight Council (FSOC)
report, we still have some of the
vulnerabilities in the wholesale funding markets that led to the Fed's intervention: triparty repo, and the risk of money market mutual funds breaking the buck.
The
report, known as the
financial system review, also said such structural
vulnerability could allow for the easy spread of an initial attack into other sectors, such as energy or water systems.
Bank of America Merrill Lynch in a September 2
report stated that India measured «poorly on
financial vulnerability.»
With this
report, the central bank is also changing the way it
reports on
financial system risk by stressing each
vulnerability separately without giving an overall rating.
Overall, the Bank of Canada sees the risks to the
financial system as basically unchanged from December, the last time it
reported on the issue, with three out of the four key
vulnerabilities coming from outside the country.
«The product's characteristics may increase consumers»
vulnerability to over-borrowing, debt persistence and wealth erosion,» according to the
financial consumer agency's
report.
To take an example, the owner of a household name events management company may well be able successfully to argue that
reporting of the
financial aspects of the divorce proceedings could result in a loss of public confidence, given the price sensitive information being dealt with at trial and the
vulnerability of that area to rumour and speculation.
Open source security
vulnerabilities pose the highest risk to e-commerce and
financial technologies, according to Black Duck's
report.
The
report said that even given «moderate»
financial vulnerabilities, risks of external shocks, such as the U.K.'s possible exit from the European Union, pose stability risks.