by David Schwartz J.D. CPA, Executive Director | Mar 19, 2021 | All
DTCC has applied to the US Securities and Exchange Commission for permission to launch a securities finance clearing service. DTCC’s fixed income arm, the National Securities Clearing Corporation (NSCC), spearheads the central clearing initiative, touting the...
by David Schwartz J.D. CPA, Executive Director | Feb 19, 2021 | All, Commentary
Bankers Seek Common Ground with Politicians Accountability in voting is in the news, and nowhere more so than on Wall Street. Through their U.S. credit policy association and its Asian counterpart, Bankers have responded to suspicion among critics that problems abound...
by David Schwartz J.D. CPA, Executive Director | Jan 19, 2021 | All, Commentary, Cross-Post, Disclosure Regimes
A Twenty-Year Journey to Transparency To view as a Interactive Presentation use this LINK Securities lending has proven the most challenging aspect of shadow banking for regulators to bring under a regulatory rubric. One of the most vexing aspects for regulators has...
by David Schwartz J.D. CPA, Executive Director | Dec 19, 2020 | All, Cross-Post, Lender Directed Voting
On Friday, December 11, the Department of Labor (DOL) issued its final rules on proxy voting by ERISA fiduciaries. As proposed last August 30, the draft rules drew hundreds of responses by the ESG-directed investing community, many of which criticized the proposal as...
by David Schwartz J.D. CPA, Executive Director | Dec 1, 2020 | Commentary, Cross-Post
Shadow banking is history, say banking leaders, a thing of the past. New compliance and risk management systems based on the Securities Finance Transaction Regulation (SFTR) and the industry’s evolving Common Domain Model (CDM) will enable financial service providers...
