by David Schwartz J.D. CPA | Jan 17, 2025 | All, Change Overview and Rationale, Formal Regulatory Remedies
Introduction In the dynamic landscape of financial regulation, the accuracy and reliability of internal rules-based (IRB) models for regulatory capital calculations have become increasingly critical. The Treasury’s Basel IV endgame reproposal presents a valuable...
by David Schwartz J.D. CPA | Dec 15, 2024 | All, Change Overview and Rationale
The Bank of England (BoE) and the Financial Conduct Authority (FCA) have released their 2024 report on artificial intelligence (AI) in UK financial services, highlighting a significant surge in AI adoption across the sector. The report, titled “Artificial...
by David Schwartz J.D. CPA | Sep 13, 2024 | All, Change Overview and Rationale, Formal Regulatory Remedies
On September 10, 2024, Michael S. Barr, the Federal Reserve Board Vice Chair for Supervision, delivered a speech at the Brookings Institution outlining potential changes to the Basel III Endgame and G-SIB Surcharge proposals, originally released in July 2023. Barr...
by David Schwartz J.D. CPA | Jun 19, 2024 | All, Change Overview and Rationale, Cross-Post, Disclosure Regimes, Formal Regulatory Remedies
Many Believe FINRA Exceeded its Mandate On June 10, 2024, the SEC extended the period by which it must take action on FINRA’s proposed SLATE Rules from June 21, 2024 to August 5, 2024. The extension provides the SEC with more time to consider the proposed rule change...
by David Schwartz J.D. CPA | Apr 15, 2024 | All, Commentary, Cross-Post
The securities industry is transitioning to a T+1 settlement cycle, where trades settle one business day after the transaction date. While this shift promises benefits like reduced market risk and lower costs, it poses significant challenges for securities lenders....
