This contextual update shows that central banks continue to be relevant and essential for sound functioning of economies. Central banks require to pursue traditional functions relating to currency and payment systems and to being banker to the government and to banks as vigorously as before the crisis.
A guide to testing a wide range of banking applications. Of interest to security professionals, software developers and QA professionals who work with banking applications, it shares the authors' experiences of using a structured approach to security testing, looks at the checklist used for testing, and discusses different banking applications.
Leverage and risk taking by large international banks were the main causes of the 2008-09 financial crisis and the ensuing sharp drop in economic activity and employment. The author proposes the calculation of capital requirements without risk adjustment and creation of a system of mandated action by supervisors modeled on the US framework.
