Germany wants bank risks reduced, not mutualised - Finance Ministry

Germany has a number of questions about the European Commission's plans for banks to pay more to fund a deposit guarantee and wants risks in the sector to be reduced rather than mutualised, a Finance Ministry spokesman said on Monday.

The EU executive wants to set up a European Deposit Insurance Scheme (EDIS) to increase guarantees for depositors in case of a banking crisis. The Commission is due to table proposals on Nov. 24 for an EU guarantee fund financed by banks.

"It is not a secret, that on the basis of the discussions thus far, we have some questions that are unanswered. These start with the legal basis ... we have a few big question marks there," Finance Ministry spokesman Martin Jaeger said.

"The point must be that we minimise risks in the banking sector, and not that we share out and mutualise risks," he told a regular government news conference.


Google Rank Brain

Google has announced that they are adding another layer to their already complicated ranking algorithm. This time, they were focusing on machine learning and are calling this update, RankBrain.

Apple has publicly announced their own forays into search and machine learning, and Bing has talked about it extensively.

But what are we really talking about when we discuss machine learning and the search engine algorithms?

Even though we’d like to think that a company worth 100’s of billions of dollars, likeGoogle and Apple, should have advanced technologies that us mere mortals haven’t even heard of, the truth of the matter is, they still have a lot of manual processes and antiquated code wrapped up into their operating systems and search algorithms.

So, while they may not have developed warp drive yet, they have been trying to remove the human element from their search algorithms. The reason being is that humans can only process what they know and what they recognize. And gathering data to learn from is a very manual process.