The Federal Financial Forum

From: News24

San Francisco – Twitter issued a warning to media organisations to improve the security of their tweeting procedures following several high profile hacks in recent weeks.

Meanwhile, federal financial market regulators meeting in Washington discussed risks to the financial market from such cyber attacks on social media channels.

In a memo sent to hundreds of media outlets and posted on the Buzzfeed.com website, the internet company said that the hacking incidents appeared to have stemmed from “spear phishing” attacks that masquerade as legitimate e-mails targeting the journalists running media organisations’ Twitter accounts.

From: Wall Street Journal

WASHINGTON–U.S. regulators have made gains in reducing the risks posed by the financial system but “much work still remains” as policymakers seek to tighten oversight four-plus years after the financial crisis, Treasury Secretary Jacob Lew said Thursday.

Mr. Lew, speaking at a meeting of the panel of regulators known as the Financial Stability Oversight Council, laid out a number of areas where officials need to focus, including further strengthening markets susceptible to runs, attracting private capital to the housing finance system, and monitoring operational risks such as cyber attacks.

Editor’s Note: CRE, a regulatory watchdog, has long had an interest in regulatory issues on both sides of the Atlantic.

From:  Mirror (UK)

Prudential Regulation Authority boss Andrew Bailey said: “It is more than odd that actions have been taken against people lower down”

By Graham Hiscott

From: Thompson Reuters News & Insight

Alison Frankel

Over the next few weeks, federal courts in more than a dozen states are going to begin to consider a very interesting question: Does coordination between and among state attorneys general and the U.S. Department of Justice constitute an improper attempt to override federal regulation?

From: The Washington Post

Posted by Neil Irwin

Ben Bernanke has another ten months in his term as Federal Reserve chairman, but that hasn’t stopped the economic punditocracy from beginning an obsession over who will take charge of monetary policy for the world’s largest economy come February 1, 2014. We at Wonkblog plead fully guilty to this minor obsession.