by David Schwartz J.D. CPA | Jul 15, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a June 21, 2017 address before the 26th Annual Securities Finance and Collateral Management Conference in Berlin, Deutsche Bundesbank Board Member Professor Joachim Wuermeling warned that the securities finance sector faces some unique liquidity and collateral...
by David Schwartz J.D. CPA | Jul 7, 2017 | All, Change Overview and Rationale
On June 30, 2017, the Bank For International Settlements (BIS) published the results of a study examining trends in bank deglobalization since the financial crisis. Prompted by data indicating a decline in cross-border activity by banks, the BIS launched a study to...
by David Schwartz J.D. CPA | Jun 28, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
In Congressional testimony on June 22, 2017, Federal Reserve Governor Jerome H. Powell highlighted the progress that has been made since the financial crisis in improving the resiliency and resolvability of the U.S. banking industry. Having achieved the primary goals...
by David Schwartz J.D. CPA | Jun 20, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
The London Interbank Offered Rate (LIBOR) has been the primary short-term reference interest rate for nearly fifty years. Following a scandal wherein employees of rate-setting banks were implicated in manipulating LIBOR, U.S., European, and other regulators embarked...
by David Schwartz J.D. CPA | Jun 19, 2017 | All, Disclosure Regimes, Formal Regulatory Remedies
On June 1, 2017, the Public Company Accounting Oversight Board (PCAOB) voted to adopt new standards for public company audit reports. The new auditing standard, AS 3101, is the result of nearly eight years of work by the PCAOB with members of the public accounting...
