Friday, November 11, 2011

Congress Introduces Bill Expanding Funding Options for US Financial Institutions

Author: David Schwartz J.D. CPA
On November 9, 2011, Senators Kay R. Hagan (D-NC) and Bob Corker (R-TN) introduced a bill that would provide a legislative framework for establishing a US covered bond market.  The bill has the potential to enhance liquidity and provide to US banks a new source of stable, long-term financing to financial institutions and others derived from private capital markets. 
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Wednesday, November 9, 2011

Proposed UK Financial Services Bill Would Radically Change UK Regulatory Structure

Author: David Schwartz J.D. CPA
The UK's Chancellor of the Exchequer has proposed a radical reformulation of financial services regulation, ending the shared oversight of the Treasury, Financial Services Authority, and the Bank of England.  The proposed new structure would unify regulation and supervision under new structures housed in the Bank of England.  This move to centralize oversight could give EU oversight entities, the European Systemic Risk Council and the European System of Financial Supervisors, greater influence in UK financial oversight.  
  
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Wednesday, November 2, 2011

FSB Task Force Issues Recommendations for Shadow Banking Regulation

Author: David Schwartz J.D. CPA
A Financial Stability Board task force has published recommendations to strengthen the oversight and regulation of the shadow banking system. These eagerly awaited recommendations provide much needed guidance to regulatory authorities on monitoring and designing regulation of shadow banking activities and entities.
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Tuesday, November 1, 2011

Shadow Banking Sector Exceeds PreCrisis Levels

Author: David Schwartz J.D. CPA
FSB data published in its October 27, 2011 report, Shadow Banking: Strengthening Oversight and Regulation, reveals that among the eleven largest economies with significant shadow banking, the shadow banking sector has surpassed the levels prior to the financial crisis.
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Tuesday, November 1, 2011

Basel III Implementation Progress Report

Author: David Schwartz J.D. CPA
On October 18, the Basel Committee issued a report documenting Basel Committee members' progress in adopting Basel II, Basel 2.5 and Basel III as of September 2011.  The report provides a high level summary of the the status of domestic legislative and rule-making intended to incorporate the Committee's capital standards into national law or regulation according to the internationally agreed time frames.
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