by David Schwartz J.D. CPA, Executive Director | May 15, 2017 | All, Formal Regulatory Remedies
In a May 9th Address, Michael Held, Executive Vice President and General Counsel of the Federal Reserve Bank of New York, gave his thoughts on the new compliance landscape. Held told his audience at SIFMA’s Compliance and Legal Society Monthly Luncheon that in recent...
by David Schwartz J.D. CPA, Executive Director | May 7, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a speech before the US Chamber of Commerce’s 11th Annual Capital Market Summit, the CFTC’s acting Chairman J. Christopher Giancarlo announced a new project to simplify the agency’s regulations. Remarking that, “America’s derivatives markets are struggling, in...
by David Schwartz J.D. CPA, Executive Director | Apr 22, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
A Federal Reserve Report published on April 18, 2017 found that U.S. small businesses are facing hurdles in obtaining much-needed financing for growth. The study indicated that small businesses presently face significantly more stringent credit conditions when...
by David Schwartz J.D. CPA, Executive Director | Apr 20, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
On April 19, Rep. Jeb Hensarling (R-TX) published a discussion draft of his Financial CHOICE Act (Version 2), updated from his original 2016 draft (Version 1).[1] While keeping what the Rep. Hensarling calls its “pro-growth, pro-consumer” features that would end...
by David Schwartz J.D. CPA, Executive Director | Apr 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Financial Stability Board’s (FSB) sixth annual shadow banking survey found that the shadow banking market remains robust and growing, equivalent to 13 percent of total financial system assets and 70 percent of the GDP of 28 covered jurisdictions. The report...
