Wednesday, March 14, 2012

BIS Publishes Its March 2012 Quarterly Review

Author: David Schwartz J.D. CPA
The Bank for International Settlements on Monday issued its Quarterly Review for March 2012. The Review discusses the global effect of European bank deleveraging and also provides highlights from the latest BIS data sets on international banking and financial activity.

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Thursday, March 8, 2012

Money Market Reforms: Have We Done Enough Already?

Author: David Schwartz J.D. CPA
Following the financial crisis, regulators embarked on a two-step process of reforming the regulation of MMFs, despite an already comprehensive regulatory framework system of oversight. In 2010, the SEC approved new regulations intended to address credit quality, liquidity, maturity, and transparency concerns. Since that time, the SEC, legislators, the Fed, and market participants have vigorously debated further regulatory measures aimed at reducing the risk of a run on MMFs and providing a cushion against losses.  Are these further reforms necessary? Or have we done enough already?
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Saturday, March 3, 2012

ESMA Issues Consultation Draft on Regulation of OTC Derivatives, CCPs and Trade Repositories

Author: David Schwartz J.D. CPA
The European Securities and Markets Authority has issued a discussion draft on proposed regulation of  OTC Derivatives, CCPs and trade repositories.  The draft introduces provisions to improve transparency and reduce the risks associated with the OTC derivatives market and establishes common rules for central counterparties and for trade repositories.
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Wednesday, February 29, 2012

BIS Issues Preliminary 3Q 2011 International Banking Statistics

Author: David Schwartz J.D. CPA
The Bank for International Settlements has issued preliminary locational and consolidated banking statistics for the quarter ended September 30, 2011.  These statistics, though not final, show mixed but encouraging signs of rebound in banking activity.  
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Monday, February 27, 2012

Volker and Legislators Defend the Volker Rules

Author: David Schwartz J.D. CPA
Responding to strident criticism of proposed regulations implementing the Volker Rule, former Fed Chair Paul Volker and the Senate authors of the Dodd-Frank Volker Rule provisions defended the rule as absolutely vital and urged the SEC and banking agencies to eliminate unjustified exclusions and exemptions, such as proposed hedging exemptions related to bank investments in private funds.
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