by David Schwartz J.D. CPA | Dec 19, 2017 | All, Commentary
The 180th anniversary of J.P. Morgan’s birth will fall on Monday, April 17th, 2017. The great financier died aged 76, a few months after testifying before the U.S. Congress in the Money Trust hearings. By all accounts, Morgan shocked the national media when he said...
by David Schwartz J.D. CPA | Oct 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
In its semi-annual Monetary Policy Report submitted to Congress on July 7, 2017, the Federal Reserve Board indicated that regulatory reforms since the global financial crisis “have likely altered financial institutions’ incentives to provide...
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...
