Week InReview

From the History Department
Friday | Mar 23, 2018
Could ETFs fall into a liquidity jam?
The ETF industry is now worth more than $4 trillion, magnifying the risk if the funds run into difficulties (The Wall Street Journal | Mar 21)

U.S. House lawmakers have advanced legislation that could either expand or upend Congress's best hope of rolling back banking-industry regulations since the financial crisis. Bill would leave Fed as sole arbiter of trading restrictions, fans say ban would be easier to follow, foes say easier to gut. (Bloomberg Markets | Mar 21)

SEC urges exchanges to end standoff on trading data
The chair of the Securities and Exchange Commission pressed exchanges to end a standoff that has delayed the launch of the Consolidated Audit Trail, meant to help regulators spot market manipulation and explain incidents like the 'flash crash' (The Wall Street Journal | Mar 20)

Fed keeps stress-test clamp on banks amid Dodd-Frank rewrite
Senate overhaul leaves many post-crisis regulations in place; Dodd-Frank revamp won't free firms from Fed stress tests  (The Globe and Mail | Mar 20)

EU's GDPR is the next big deadline
The European Union's General Data Protection Regulation is the next big post-MiFID II deadline. These revamped data-privacy regulations, which take effect May 25, may catch some U.S. firms off-guard. (Bloomberg Professional Services | Mar 19)
The Cyber Cafe
Cybersecurity news every Friday
Cyber-crooks find a new way to share malware and scams
Cybercrime-as-a-service takes another step forward.
- ZDNet

NIST cybersecurity framework getting a facelift, looking to make adoption easier
Originally conceived as a way to get private sector entities charged with protecting critical infrastructure components such as roads, bridges and the power grid on the same page, the Cybersecurity Framework has subsequently been adopted by industries and organizations of all types and sizes.

A sneak peek at the new NIST cybersecurity framework
Key focus areas include supply chain risks, identity management, and cybersecurity risk assessment and measurement.
G20 Wrap
Protectionism & cryptocurrency risk
(Mar 20) -- Finance ministers from the world's largest economies struggled to block the U.S. president's push to erect trade barriers that many warned threaten to undermine the broadest global expansion since 2010. Policy makers from the Group of 20 finished talks in Buenos Aires with little to show for their efforts to convince Treasury Secretary Steven Mnuchin to pare back protectionist steps, including new metal tariffs. Rather, the U.S. ended up co-opting allies, many of whom lobbied for exemptions at the gathering. After two days of talks, the G20 removed from the final statement language it previously used to fight protectionism and inward-looking policies. And for the first time, the G20 highlighted the rising risk of cryptocurrencies.
Binge reading disorder
Hand-curated, chosen with love
Fine-tune your B.S. detector, you'll need it
In the digital age, misinformation - from nonsense to lies - spreads faster than ever and is becoming an area of serious research.

The complete guide to Facebook privacy
Despite the repeated, public privacy lapses, Facebook does offer a fairly robust set of tools to control who knows what about you - both on the platform and around the web. The bad news: Facebook doesn't always make those settings easy to find, and they may not all offer the level of protection you want.
- Wired

Economics failed us before the global crisis
Analysis of macroeconomic theory suggests substantial ignorance of how economies work.
Transparency.
Inclusiveness.
Consensus.