Friday, July 1, 2011

Reinventing the Banking Social Contract

Author: David Schwartz J.D. CPA
Paul Tucker, Deputy Governor for Financial Stability at the Bank of England, explained his thoughts on redrawing the social contract between banking and society in light of the contract’s failure leading up to and during the financial crisis. According to Mr. Tucker, the traditional framework of the social contract was ill prepared to handle the realities of shadow banking and financial innovation, and hasty reregulation without first reexamining the social contract would be foolish.

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Thursday, April 28, 2011

FSB Task Force Frames the Regulation of Shadow Banking

Author: David Schwartz J.D. CPA
At the request of the G20, on April 12, 2011 a Financial Stability Board task force on shadow banking issued its initial report, “Shadow Banking: Scoping the Issues,” laying out the current thinking of the task force on the definition of "shadow banking," "potential approaches to monitoring it, and possible regulatory measures to address systemic risk and regulatory arbitrage concerns posed by the shadow banking system.  Though preliminary in nature, this “background note” may provide some valuable clues about the nature, scope, and extent of upcoming proposals to regulate shadow banking.
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Wednesday, April 20, 2011

FSB Red-flags Securities Lending by ETFs

Author: David Schwartz J.D. CPA
In a report issued April 12, 2011, the Financial Stability Board (FSB) highlighted a number of practices engaged in by exchange-traded funds that may be sources of risk to financial stability.  Calling for greater disclosure and transparency, securities lending was among the practices red-flagged by the FSB. 
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Tuesday, June 29, 2010

Current thinking in regulatory reform

Author: David Schwartz J.D. CPA
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Thursday, March 11, 2010

Better Hedge Fund Data can Help To Inform Legislative Actions

Author: David Schwartz J.D. CPA
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Number of views (6485)
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