by David Schwartz J.D. CPA, Executive Director | 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, Executive Director | 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, Executive Director | 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...
by David Schwartz J.D. CPA, Executive Director | Aug 13, 2017 | All, Change Overview and Rationale
New York Federal Reserve President and CEO William Dudley says he and his Fed colleagues anticipate U.S. inflation to rise gradually over the next several months as the labor market is expected to continue heating up. These trends, Dudley says, support the Fed’s...
by David Schwartz J.D. CPA, Executive Director | Aug 7, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
In an August 2, 2017 address, President and CEO of the Federal Reserve Bank of Cleveland Loretta J. Mester advocated a fresh risk assessment to recalibrate financial regulations and right-size them to ease the burden on smaller banks. Ms. Mester proposed...
