Week InReview
Friday | Jun 21, 2019
Tweet of the Week
in case you missed it...
The Securities and Exchange Commission will have a full set of commissioners for the
first time since January after the Senate confirmed Allison Lee to fill an open seat. Lee, who will fill a Democratic seat, is expected to restore a political balance to the agency that had made Chair Jay Clayton a swing vote on key issues. In addition to Clayton, a political independent, the SEC’s current lineup includes two Republicans, Hester Peirce and Elad Roisman; and Robert Jackson Jr., an independent picked to fill a Democratic seat. (Bloomberg Law | Jun 20)

Packages of real-estate loans are hitting the US market at the fastest rate in a decade as investors step up their search for higher returns. A total of $8.4bn of property-based collateralized loan obligations — pools of loans backing debt and equity — have been issued in the US so far this year. (Financial Times | Jun 19)

The hottest thing in investing for the past decade has been low-cost exchange-traded funds, which investors can hop in and out of any time the market is open. So here’s a strange proposition: How about buying a fund with higher fees and restrictions on when you can take out your money? Some big asset managers think investors are ready to take that offer. (Bloomberg Businessweek | Jun 18)

The Federal Reserve's "dot plot" interest-rate sentiment indicator, introduced in 2012, has had an opportunity to respond to policymakers' views only when rates are expected to remain stable or to rise. It remains to be seen how the dot plot performs when market participants expect rates to fall. (The Wall Street Journal | Jun 17)

High-speed traders Citadel Securities, GTS Securities and IMC have sided with the New York Stock Exchange, Nasdaq and Cboe Global Markets in a legal fight to block the Securities and Exchange Commission's transaction fee pilot. The program is on hold pending a decision from the US Court of Appeals for the District of Columbia Circuit. (The Wall Street Journal | Jun 14)
the cyber cafe
Radical simplicity: A plan to stop breaches
Researchers from the database giant MongoDB have spent the past two years developing a simple new database encryption scheme aimed squarely at reducing these damaging incidents. Their secret weapon? Radical simplicity.
—  Wired

Decryption tool defuses GandCrab ransomware
One of the most widely used types of ransomware, GandCrab, can now be disabled with a free decryption tool developed by groups including the FBI, Europol and cybersecurity company Bitdefender. The decryptor works on versions 5.0 to 5.2 of the ransomware and also gives victims access to files locked by earlier versions.
—  ZDNet

US banks face tighter scrutiny of cyber defenses
America’s top banks face a more comprehensive test of their cyber defenses as US regulators consider pooling resources to assess one of the biggest risks facing the world’s financial system.  
binge reading disorder
There is no perfect travel app — but these will help
The all-knowing, all-in-one travel app doesn’t exist, but WSJ columnist David Pierce identifies a few apps and services that will make globe-trotting easier.

Wanna get the most out of meetings? Try shutting up.
Talking less is one of the most important ways people can get more out of a meeting. This analysis dives into why less is more.

There is no easy fix for Legg Mason and other money managers
Pushback from affiliates shows how hard it can be for firms to streamline their businesses.