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Canada’s financial system has functioned well through a challenging year. Households and businesses remain in stable financial condition, and banks have strengthened their capacity to absorb shocks. However, vulnerabilities have increased in some parts of the system, and a more turbulent global environment poses risks to financial stability.
Many public-sector decisions require allocating scarce attention under uncertainty. We examine whether algorithmic risk assessments improve child-protection decisions, where supervisors decide which cases need closer scrutiny. In a randomized evaluation of 4,752 child referrals over 14 months in Northampton County, supervisors received an algorithmic risk score alongside standard case records. Access to the score increased…
DBS economists Taimur Baig and Radhika Rao expect the Bank of Korea (BoK) to raise its base rate by 25bps to 3.00% at the August meeting, alongside upgraded Gross Domestic Product (GDP) and Consumer Price Index (CPI) forecasts. They highlight stronger-than-expected first-half growth, persistent core inflation and rising housing prices, but also note a hawkish…
A $1,000 stake in Bill Ackman‘s hedge fund, Pershing Square Capital Management, at its 2004 launch would have been worth roughly $26,000 as of August 2026, according to Pershing Square’s own fund disclosures. That’s about 15.6% a year for nearly 23 years. Compare that to the roughly 11% a year for the S&P 500 (^GSPC…
11 August 2026 Free open-air concert in Frankfurt celebrates Europe’s diversity Performances by Frankfurt Radio Big Band and Frankfurt Radio Symphony Ten shortlisted euro banknote designs on display at ECB stand On Thursday, 20 August 2026 the European Central Bank (ECB) and the broadcaster Hessischer Rundfunk (hr) will once again host the Europa Open Air…
Minutes Item 1: Welcome and Apologies Andrea Rosen (Chair, Bank of England) welcomed James Ellery (Goldman Sachs) and Oliver McCausland (FCA) to the Committee.Ms Rosen also welcomed Alina Ishmuratova (JPMorgan), Paul Robson (NatWest Markets) and Vasileios Gkionakis (Aviva Investors) as guest presenters; and Mark Wyatt (Barclays) as an observer.Ms Rosen announced that Alan Barnes (FCA),…
