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...
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...
