by David Schwartz J.D. CPA | Oct 19, 2020 | All, Commentary, Cross-Post, Disclosure Regimes
Sustainable investing is becoming more important to investors when creating portfolios. As a result, institutions often follow policies with formal environmental, social, and governance (ESG) factors to guide their investments. They commit substantial resources to ESG...
by David Schwartz J.D. CPA, Ed Blount | Sep 29, 2020 | All, Commentary, Cross-Post
European commissioners are reviewing a study from their securities and market authority (ESMA) that includes a recommendation for new laws to combat unfair trading practices and an extended remit for National Competent Authorities (NCAs) to conduct snap audits of...
by David Schwartz J.D. CPA | Mar 19, 2019 | All, Formal Regulatory Remedies, Procedural Changes
The European Securities and Markets Authority (ESMA) has published the findings of its preliminary study of multiple withholding tax (WHT) reclaim schemes. ESMA conducted this preliminary study at the request European Parliament (EP) and has launched another more...
by David Schwartz J.D. CPA | Dec 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
On June 8, 2017, the Basel Committee on Banking Supervision (BIS) issued a second set of frequently asked questions (FAQs) and answers on Basel III’s Liquidity Coverage Ratio (LCR).[1] This latest guidance responds to questions and requests for clarification...
by David Schwartz J.D. CPA | Dec 19, 2017 | All, Commentary
To look for the effect of new rules on banks, regulators rely on academic models that treat banks as aggregates. In truth, global banks are collections of service businesses, not simply larger versions of George Bailey’s 1946 community lender. Missing that fact may be...
