by David Schwartz J.D. CPA | Sep 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
On February 23, 2017 House Financial Services Committee Chairman Rep. Jeb Hensarling (R-TX) and 33 GOP members of the Committee sent a letter to Federal Reserve Chair Janet Yellen requesting that the Fed “neither propose nor adopt any new rules until the U.S. Senate...
by David Schwartz J.D. CPA | Sep 19, 2017 | All, Formal Regulatory Remedies
On March 30, 2017, the Basel Committee on Banking Supervision (BIS) issued a consultation proposing changes to the framework employed to designate global systemically important banks (G-SIBs). The consultation also proposes higher capital requirements on G-SIBs. The...
by David Schwartz J.D. CPA | Aug 27, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
Federal Reserve Chairwoman Janet L. Yellen strongly defended post-crisis financial reforms, saying that new regulations have strengthened the U.S. financial markets and wholesale roll-back would be unwise. In remarks delivered at a symposium sponsored by the Fed in...
by David Schwartz J.D. CPA | Aug 21, 2017 | All, Change Overview and Rationale
Three U.S. pensions have filed a class action suit against the largest prime brokers alleging collusion to fix fees and stifle competing electronic platforms in securities finance. This suit follows the theme of other class actions involving allegations of collusion...
by David Schwartz J.D. CPA | Aug 19, 2017 | All, Formal Regulatory Remedies
On January 12, 2017, the Financial Stability Board (FSB) published its Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities. The FSB published a consultation on this topic in June of 2016, and the January publication...
