Commentary

Sunday, May 7, 2017

CFTC Seeks Input on Simplifying Regulations

Author: David Schwartz J.D. CPA
In a speech before the US Chamber of Commerce’s 11th Annual Capital Market Summit, the CFTC’s acting Chairman J. Christopher Giancarlo announced a new project to simplify the agency’s regulations. Remarking that, "America’s derivatives markets are struggling, in some cases, under the weight of flawed and excessive regulation,” Chairman Giancarlo introduced the CFTC’s new focus on reinterpreting its regulatory mission consistent with the...
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Categories: All, Change Overview and Rationale, Formal Regulatory Remedies

Tags: CFTC, Reconsideration

Tuesday, May 2, 2017

Basel Sharpens Focus on Banking Supervision

Will also improve confidence in prudential ratios

Author: David Schwartz J.D. CPA
The Basel Committee on Banking Supervision has announced its work program themes for 2017 and 2018 to include a greater focus on strengthening supervision by member jurisdictions. In addition, the Committee still remains dedicated to its core goals of:   finalizing its existing policy initiatives;  monitoring emerging risks; assessing the effects of the Committee's post-crisis reforms; and  ensuring full, timely, and consistent implementation of the...
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Categories: All, Change Overview and Rationale, Formal Regulatory Remedies

Tags: Basel III, Reconsideration

Monday, April 24, 2017

No Regulatory Relief for Securities Finance

Financial CHOICE Act leaves constraints intact

Author: Ed Blount
The latest legislative offering in the U.S., the Financial CHOICE Act, does nothing for securities finance. Nothing in the bill provides an exemption to the funding markets from the crushing weight of regulatory reform. At present, both political parties in the US seem willing to accept an outcome where the global funding markets are road kill from the reform steamroller. Many experts believe this legislative failure is due to analytic omissions on the...
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Categories: All, Commentary

Tags: Reconsideration

Sunday, April 23, 2017

Are Bank Regulations Harming Small Businesses?

Fed Survey Finds Small Businesses Face Credit Challenges

Author: David Schwartz J.D. CPA
A Federal Reserve Report published on April 18, 2017 found that U.S. small businesses are facing hurdles in obtaining much-needed financing for growth. The study indicated that small businesses presently face significantly more stringent credit conditions when approaching their traditional sources of loans for equipment and expansion. The Fed report itself does not point the finger at regulation as the cause for this restriction in the ability of small businesses to access credit. However,...
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Categories: All, Change Overview and Rationale, Formal Regulatory Remedies

Tags: Fed, FRB

Thursday, April 20, 2017

Financial CHOICE Act 2.0

New Bill Retains the Theme of Version 1.0 with Some Tweaks

Author: David Schwartz J.D. CPA
On April 19, Rep. Jeb Hensarling (R-TX) published a discussion draft of his Financial CHOICE Act (Version 2), updated from his original 2016 draft (Version 1). While keeping what the Rep. Hensarling calls its “pro-growth, pro-consumer” features that would end “too-big-to-fail” bailouts, the 2017 discussion draft of the Financial CHOICE Act walks back or modifies some key provisions from the 2016 version. Version 2 retains the "Dodd-Frank...
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Categories: All, Change Overview and Rationale, Formal Regulatory Remedies

Tags: Reconsideration

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Journal Commentaries

 

Keep Regulation Functional (October 2008)

CSFME’s Executive Director Ed Blount interviews SEC Chairman Chris Cox.
American Banking Association Banking Journal
https://www.questia.com/library/journal/1G1-187494664/keep-functional-regulation-how-financial-regulation

 

The Bear Market Posse, or Counterparty Risk Management during the Recent Turmoil (Sept.  2008)

by Ed Blount
The RMA Journal, v91n1, 28-32, 5 pages Sep 2008.

 

Searching for New Paradigms at BIS (July 2008)

by Ed Blount
Unexpected deficiencies in bank capital after recent market turmoil has regulators rethinking aspects of Basel II and “value at risk.”  
American Banking Association Banking Journal  
https://www.questia.com/library/journal/1G1-181991450/searching-for-new-paradigms-at-bis-market-turmoil

 

Will Basel II Affect The Competitive Landscape? (September 2003)

By Ed Blount
Newly elected Basel Committee Chairman Caruana, Governor of the Bank of Spain, gives his views on the revised Basel capital accord, relative to its potential effects on competition and risk management in banking markets.
American Banking Association Banking Journal
https://www.questia.com/read/1G1-108008773/will-basel-ii-affect-the-competitive-landscape-the​