Week InReview
Friday | Sep 18, 2020
#backtowork | Dressing for our new normal.
As our work calendars begin to fill again with actual, if socially distanced, professional interactions, round-the-clock loungewear no longer fits the bill. A transitional workplace environment calls for a new kind of hybrid dressing.

— The Wall Street Journal
let's recap...
Financial Times montage
Federal Reserve officials held interest rates near zero and signaled they would stay there for at least three years, vowing to delay tightening until the U.S. gets back to maximum employment and 2% inflation. The U.S. central bank “expects to maintain an accommodative stance” until those outcomes are achieved, it said in a statement Wednesday following a two-day meeting that beefed up its description of future policy. (Bloomberg Economics | Sep 16)

People are taking out lots of mortgages. The Fed is gobbling them up. Low mortgage rates have spurred a boom in home refinancing, which in turn has spurred a boom in the issuance of mortgage-backed securities. Still, the surging supply of mortgage-backed securities hasn’t dampened investors’ demand for them. Yields for the securities have held relatively steady in recent months and even declined slightly, a sign of investors’ continued demand. (The Wall Street Journal | Sep 16)

U.S. investors expect the Securities and Exchange Commission to drop a contentious provision in a new rule that would make it tougher for them to push companies on issues such as climate change and social justice. The SEC next Wednesday is scheduled to finalize the rule that would raise the bar for submitting shareholder proposals at companies’ annual general meetings. It says the decades-old rule needs to be modernized. (Reuters | Sep 15)

Some of the world’s largest asset managers are shutting down U.S. investment vehicles that have suffered rapid outflows in times of stress, threatening an important source of short-term funding for companies across America. Shake-up is focused on ‘prime’ funds that buy short-term corporate debt. (Financial Times | Sep 15)

Financial analysts are perfect whistleblowers. Using our expertise to identify irregularities and misconduct is not only public service; it also channels what we truly love about our work: the unearthing, the highly complex analysis, and old-fashioned investigative prowess. We can construct blueprints of wrongdoing in ways others can’t, because that's our everyday. (Institutional Investor | Sep 14)
CFTC finalizes rules to improve swap data reporting
(Sep 17) — The Commodity Futures Trading Commission at its open meeting Thursday unanimously approved three final rules to revise CFTC regulations for swap data reporting, dissemination, and public reporting requirements for market participants. The Commission also unanimously approved a final rule that will permit derivatives clearing organizations (DCOs) organized outside of the U.S. to be registered with the CFTC. Finally, the Commission unanimously approved a supplemental notice of proposed rulemaking regarding amendments to the CFTC’s regulations that govern bankruptcy proceedings for commodity brokers. 

the cyber cafe
More than 41 percent of cyber insurance claims in 2020 came from ransomware attacks
A new report from Coalition, one of the largest cyber insurance providers in the U.S., reveals that during the first six months of 2020 almost 41 percent of all claims paid out were related to file encrypting malware. Ransomware insurance claims ranged from $1,000 to over $2,000,000 per incident.
— Techspot

Hackers are getting more hands-on with their attacks. That's not a good sign.
Both nation-state-backed hackers and cyber criminals are trying to take advantage of the rise in remote working - and getting more sophisticated in their approach. The findings are detailed in Crowdstrike's Threat Hunting Report 2020, based on potential 'hands-on' intrusions identified by the cybersecurity company's research team.
— ZDNet

Next-gen firewalls 101: Not just a buzzword
Next-gen firewalls are different than classic firewalls in substantial ways. The first significant difference between the two types of firewalls lies in how they evaluate traffic.
binge reading disorder
Photo: Getty Images
How travel will change post-pandemic: 10 expert predictions
We asked industry pros where we’ll be traveling in years to come and how hotels, flights, airports, and even luggage will evolve — for the better.

How to buy climate-conscious diapers, bags of kibble, and beer.
Sure, buying nothing at all would be best from an emissions perspective, and shipping can vastly alter a product’s climate impact. To that, we say: Your mileage may vary. 

Memers are making deepfakes, and things are getting weird
Imperfections — and the surrealist quality of the memes — will keep them from being confused for reality. But at the rate that the technology is advancing, easy-to-make deepfakes that are nearly indistinguishable from reality are likely around the corner.
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